Home Insurance in Hillsborough County, Florida
The median home value in Hillsborough County is $371,500, close to the Florida median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Hillsborough County was built around 1991. About 11% of homes were built before 1960, in line with Florida (10%).
In Hillsborough County, the housing stock is 64% single-family homes, 23% apartments in buildings with 5+ units and 6% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 64% of owner-occupied homes in Hillsborough County have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Hillsborough County has an owner-occupancy rate of 61% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
Most homes in Hillsborough County - 91% - are primarily heated with electricity.
FEMA's National Risk Index lists tornado (Very High), hurricane (Very High) and hail (Relatively High) as the leading hazards for Hillsborough County.
As of September 2026, Hillsborough County has 63,039 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
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 | $371,500 |
|---|---|
| Median year built | 1991 |
| Owner-occupied share | 61% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top hazards (FEMA National Risk Index) | Tornado (Very High), Hurricane (Very High), Hail (Relatively High) |
| Active NFIP flood policies (county) | 63,039 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- 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)