Home Insurance in Islamorada, Village of Islands, Florida
With a median home value of $919,600, Islamorada, Village of Islands is 18% higher than the Monroe County median.
The typical home in Islamorada, Village of Islands was built around 1982. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 5% of homes were built before 1960, about 10 points below Monroe County's 15%.
Housing in Islamorada, Village of Islands breaks down to 74% single-family homes, 19% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
About 58% of owner-occupied homes in Islamorada, Village of Islands have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 85% of occupied homes in Islamorada, Village of Islands are owner-occupied. The vacancy rate is 47%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
91% of homes in Islamorada, Village of Islands are primarily heated with electricity.
What's the biggest home insurance risk near Islamorada, Village of Islands? FEMA's National Risk Index points to coastal flooding (Very High) in Monroe County and Monroe County had 30,715 active NFIP flood policies as of September 2026. See the full Monroe County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
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 | $919,600 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Monroe County | 30,715 |
| 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)