Home Insurance in Melbourne Village, Florida
With a median home value of $385,000, Melbourne Village is 13% higher than the Brevard County median.
The typical home in Melbourne Village was built around 1963. About 44% of homes were built before 1960, about 36 points above Brevard County's 8%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Melbourne Village is 98% single-family homes and 1% apartments in buildings with 5+ units.
41% of owner-occupied homes in Melbourne Village carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Melbourne Village has an owner-occupancy rate of 89% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
Most homes in Melbourne Village - 94% - are primarily heated with electricity.
Brevard County had 42,035 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hurricane (Very High). 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 | $385,000 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 89% |
| Share of owner-occupied homes with a mortgage | 41% |
| 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
- Melbourne
- West Melbourne
- Indialantic
- Indian Harbour Beach
- Melbourne Beach
- Palm Shores
- Satellite Beach
- Malabar
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)