Home Insurance in North Miami, Florida
With a median home value of $365,000, North Miami is 21% lower than the Miami-Dade County median.
The typical home in North Miami was built around 1967. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 37% of homes were built before 1960, about 16 points above Miami-Dade County's 21%.
In North Miami, the housing stock is 41% single-family homes, 54% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 63% of owner-occupied homes in North Miami have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 44% of occupied homes in North Miami are owner-occupied.
Most homes in North Miami - 92% - 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 | $365,000 |
|---|---|
| Median year built | 1967 |
| Owner-occupied share | 44% |
| Share of owner-occupied homes with a mortgage | 63% |
| 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
- Biscayne Park
- North Miami Beach
- Bay Harbor Islands
- Miami Shores
- Indian Creek
- Bal Harbour
- Surfside
- El Portal
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)