Home Insurance in Palm Shores, Florida
The median home value in Palm Shores is $351,600, close to the Brevard County median.
The typical home in Palm Shores was built around 1997. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 6% of homes were built before 1960, about 1 point below Brevard County's 8%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Palm Shores is 75% single-family homes, 2% apartments in buildings with 5+ units and 16% mobile or manufactured homes.
About 60% of owner-occupied homes in Palm Shores have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Palm Shores has an owner-occupancy rate of 88% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Most homes in Palm Shores - 67% - 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.
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 | $351,600 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 88% |
| Share of owner-occupied homes with a mortgage | 60% |
| 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
- Satellite Beach
- Indian Harbour Beach
- Melbourne
- Melbourne Village
- Indialantic
- Cocoa Beach
- West Melbourne
- Rockledge
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)