Home Insurance in Satellite Beach, Florida
With a median home value of $502,500, Satellite Beach is 48% higher than the Brevard County median.
The typical home in Satellite Beach was built around 1975. About 6% of homes were built before 1960, about 2 points below Brevard County's 8%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Satellite Beach is 82% single-family homes, 13% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Satellite Beach, about 59% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 82% of occupied homes in Satellite Beach are owner-occupied.
In Satellite Beach, 90% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Satellite Beach? 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.
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 | $502,500 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 59% |
| 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
- Indian Harbour Beach
- Palm Shores
- Melbourne
- Indialantic
- Melbourne Village
- Melbourne Beach
- West Melbourne
- Cocoa 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)