Home Insurance in Fellsmere, Florida
The median home value in Fellsmere is $175,400, 50% lower than the Indian River County median.
The typical home in Fellsmere was built around 1989. About 19% of homes were built before 1960, about 13 points above Indian River County's 6%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Fellsmere, the housing stock is 67% single-family homes, 7% apartments in buildings with 5+ units and 23% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Fellsmere, about 40% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Fellsmere has an owner-occupancy rate of 74% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
In Fellsmere, 86% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Fellsmere? FEMA's National Risk Index points to hurricane (Very High) in Indian River County and Indian River County had 18,859 active NFIP flood policies as of September 2026. See the full Indian River 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 | $175,400 |
|---|---|
| Median year built | 1989 |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Indian River County | 18,859 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
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)