Home Insurance in Palermo, North Dakota
With a median home value of $43,300, Palermo is 81% lower than the Mountrail County median.
The typical home in Palermo was built around 1957. About 55% of homes were built before 1960, about 36 points above Mountrail County's 19%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Palermo, the housing stock is 75% single-family homes and 25% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Palermo, about 13% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Palermo has an owner-occupancy rate of 52% and a vacancy rate of 18%; unoccupied homes typically need a different coverage form.
41% of homes in Palermo are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Palermo? FEMA's National Risk Index points to winter weather (Relatively High) in Mountrail County and Mountrail County has no active NFIP flood policies on file. See the full Mountrail County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in North Dakota is $1,414 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $43,300 |
|---|---|
| Median year built | 1957 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 13% |
| Top county hazard | Winter Weather (Relatively High) |
| Home insurance premium | $1,414 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)