Home Insurance in Malabar, Florida
The median home value in Malabar is $451,100, 33% higher than the Brevard County median.
The typical home in Malabar was built around 1993. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 2% of homes were built before 1960, about 5 points below Brevard County's 8%.
The housing stock in Malabar is 99% single-family homes and 1% mobile or manufactured homes.
58% of owner-occupied homes in Malabar carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 99% of occupied homes in Malabar are owner-occupied.
Most homes in Malabar - 97% - are primarily heated with electricity.
What's the biggest home insurance risk near Malabar? FEMA's National Risk Index points to hurricane (Very High) in Brevard County and Brevard County had 42,035 active NFIP flood policies as of September 2026. See the full Brevard 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 | $451,100 |
|---|---|
| Median year built | 1993 |
| Owner-occupied share | 99% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Brevard County | 42,035 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
- Grant-Valkaria
- Palm Bay
- Melbourne Beach
- West Melbourne
- Indialantic
- Melbourne Village
- Melbourne
- Indian Harbour Beach
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)