Home Insurance in Cutler Bay, Florida
With a median home value of $472,700, Cutler Bay is close to the Miami-Dade County median.
The typical home in Cutler Bay was built around 1984. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 17% of homes were built before 1960, about 3 points below Miami-Dade County's 21%.
The housing stock in Cutler Bay is 80% single-family homes and 18% apartments in buildings with 5+ units.
About 70% of owner-occupied homes in Cutler Bay have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Cutler Bay has an owner-occupancy rate of 70% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
In Cutler Bay, 88% of homes are primarily heated with electricity.
FEMA rates Miami-Dade County's overall risk as Very High, led by hurricane (Very High). Miami-Dade County had 355,123 active NFIP flood policies as of September 2026. 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 | $472,700 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 70% |
| 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
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)