Home Insurance in Mexico Beach, Florida
The median home value in Mexico Beach is $466,300, 50% higher than the Bay County median.
The typical home in Mexico Beach was built around 2004. About 4% of homes were built before 1960, about 5 points below Bay County's 9%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Mexico Beach, the housing stock is 65% single-family homes, 18% apartments in buildings with 5+ units and 8% 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.
42% of owner-occupied homes in Mexico Beach carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 78% of occupied homes in Mexico Beach are owner-occupied. The vacancy rate is 52%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
82% of homes in Mexico Beach are primarily heated with electricity.
Bay County's top FEMA-rated hazard is hurricane (Very High), per FEMA's National Risk Index. 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.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Florida carries a statewide average premium of $2,779 per year.
Key figures
| Median home value | $466,300 |
|---|---|
| Median year built | 2004 |
| Owner-occupied share | 78% |
| Share of owner-occupied homes with a mortgage | 42% |
| 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)