Home Insurance in Mayo, Florida
The median home value in Mayo is $166,300, 6% higher than the Lafayette County median.
The typical home in Mayo was built around 1978. About 15% of homes were built before 1960, about 2 points above Lafayette County's 13%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Mayo is 51% single-family homes, 1% apartments in buildings with 5+ units and 21% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 35% of owner-occupied homes in Mayo have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Mayo has an owner-occupancy rate of 39% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Most homes in Mayo - 95% - are primarily heated with electricity.
Lafayette County's top FEMA-rated hazard is hurricane (Relatively Moderate), per FEMA's National Risk Index. Lafayette County had 147 active NFIP flood policies as of September 2026. See the full Lafayette 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 | $166,300 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 39% |
| Share of owner-occupied homes with a mortgage | 35% |
| Top county hazard | Hurricane (Relatively Moderate) |
| Active NFIP policies in Lafayette County | 147 |
| 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)