Home Insurance in Finley, North Dakota
With a median home value of $70,700, Finley is 46% lower than the Steele County median.
The typical home in Finley was built around 1952. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 58% of homes were built before 1960, about 17 points above Steele County's 41%.
In Finley, the housing stock is 88% single-family homes and 9% apartments in buildings with 5+ units.
About 22% of owner-occupied homes in Finley have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 87% of occupied homes in Finley are owner-occupied. The vacancy rate is 28%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Finley, 58% of homes are primarily heated with electricity. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Steele County's top FEMA-rated hazard is strong wind (Relatively Moderate), per FEMA's National Risk Index. Steele County had 2 active NFIP flood policies as of September 2026. See the full Steele County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in North Dakota carries a statewide average premium of $1,414 per year.
Key figures
| Median home value | $70,700 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 22% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Steele County | 2 |
| 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)