Home Insurance in Lake Park, Florida
With a median home value of $394,400, Lake Park is 12% lower than the Palm Beach County median.
The typical home in Lake Park was built around 1977. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 21% of homes were built before 1960, about 13 points above Palm Beach County's 8%.
In Lake Park, the housing stock is 47% single-family homes and 40% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 60% of owner-occupied homes in Lake Park have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lake Park has an owner-occupancy rate of 47% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
89% of homes in Lake Park are primarily heated with electricity.
Palm Beach County's top FEMA-rated hazard is hurricane (Very High), per FEMA's National Risk Index. Palm Beach County had 128,176 active NFIP flood policies as of September 2026. See the full Palm Beach County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Florida is $2,779 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $394,400 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 47% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Palm Beach County | 128,176 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
- Riviera Beach
- North Palm Beach
- Palm Beach Shores
- Mangonia Park
- Juno Beach
- West Palm Beach
- Palm Beach Gardens
- Palm Beach
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)