Home Insurance in Cinco Bayou, Florida
With a median home value of $348,800, Cinco Bayou is close to the Okaloosa 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 Cinco Bayou was built around 1987. About 8% of homes were built before 1960, about 1 point above Okaloosa County's 6%.
In Cinco Bayou, the housing stock is 55% single-family homes and 35% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Cinco Bayou, about 58% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 65% of occupied homes in Cinco Bayou are owner-occupied. The vacancy rate is 22%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
84% of homes in Cinco Bayou are primarily heated with electricity.
FEMA rates Okaloosa County's overall risk as Relatively Moderate, led by hurricane (Very High). Okaloosa County had 18,795 active NFIP flood policies as of September 2026. See the full Okaloosa County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Florida carries a statewide average premium of $2,779 per year.
Key figures
| Median home value | $348,800 |
|---|---|
| Median year built | 1987 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Okaloosa County | 18,795 |
| 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)