Home Insurance in Callaway, Florida
With a median home value of $250,300, Callaway is 19% lower than the Bay County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Callaway was built around 1991. About 3% of homes were built before 1960, about 6 points below Bay County's 9%.
The housing stock in Callaway is 65% single-family homes, 9% apartments in buildings with 5+ units and 10% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
56% of owner-occupied homes in Callaway carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 59% of occupied homes in Callaway are owner-occupied. The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Callaway, 84% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Callaway? FEMA's National Risk Index points to hurricane (Very High) in Bay County and Bay County had 31,103 active NFIP flood policies as of September 2026. See the full Bay 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 Florida is $2,779 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $250,300 |
|---|---|
| Median year built | 1991 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Bay County | 31,103 |
| Home insurance premium | $2,779 - 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)