Home Insurance in Melbourne Beach, Florida
Homes in Melbourne Beach carry a median value of $708,400 - 109% higher than the Brevard County median.
The typical home in Melbourne Beach was built around 1974. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 15% of homes were built before 1960, about 7 points above Brevard County's 8%.
In Melbourne Beach, the housing stock is 79% single-family homes and 16% apartments in buildings with 5+ units.
In Melbourne Beach, about 46% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 82% of occupied homes in Melbourne Beach are owner-occupied. The vacancy rate is 16%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
95% of homes in Melbourne Beach are primarily heated with electricity.
FEMA rates Brevard County's overall risk as Relatively High, led by hurricane (Very High). 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.
In Florida, the statewide average premium for a standard HO-3 homeowners policy is $2,779 per year (NAIC, 2023 data).
Key figures
| Median home value | $708,400 |
|---|---|
| Median year built | 1974 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 46% |
| 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
- Indialantic
- Malabar
- West Melbourne
- Melbourne Village
- Indian Harbour Beach
- Melbourne
- Satellite Beach
- Grant-Valkaria
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)