Home Insurance in Biscayne Park, Florida
Homes in Biscayne Park carry a median value of $674,300 - 46% higher than the Miami-Dade County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Biscayne Park was built around 1949. About 70% of homes were built before 1960, about 49 points above Miami-Dade County's 21%.
In Biscayne Park, the housing stock is 80% single-family homes and 7% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
78% of owner-occupied homes in Biscayne Park carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 78% of occupied homes in Biscayne Park are owner-occupied.
In Biscayne Park, 96% of homes are primarily heated with electricity.
Miami-Dade County had 355,123 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hurricane (Very High). See the full Miami-Dade 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 | $674,300 |
|---|---|
| Median year built | 1949 |
| Owner-occupied share | 78% |
| Share of owner-occupied homes with a mortgage | 78% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Miami-Dade County | 355,123 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
- Miami Shores
- North Miami
- El Portal
- Indian Creek
- North Bay Village
- Bay Harbor Islands
- North Miami Beach
- Surfside
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)