Home Insurance in Valparaiso, Florida
With a median home value of $394,700, Valparaiso is 12% higher than the Okaloosa County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Valparaiso was built around 1975. About 28% of homes were built before 1960, about 22 points above Okaloosa County's 6%.
Housing in Valparaiso breaks down to 87% single-family homes and 3% apartments in buildings with 5+ units.
64% of owner-occupied homes in Valparaiso carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 64% of occupied homes in Valparaiso are owner-occupied.
In Valparaiso, 58% of homes are primarily heated with electricity.
Okaloosa County had 18,795 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hurricane (Very High). 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 | $394,700 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 64% |
| 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)