Home Insurance in Ocean Ridge, Florida
Homes in Ocean Ridge carry a median value of $1,138,700 - 155% higher than the Palm Beach County median.
The typical home in Ocean Ridge was built around 1974. About 11% of homes were built before 1960, about 4 points above Palm Beach County's 8%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Ocean Ridge, the housing stock is 46% single-family homes, 48% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Ocean Ridge, about 33% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Ocean Ridge has an owner-occupancy rate of 83% and a vacancy rate of 47%; unoccupied homes typically need a different coverage form.
90% of homes in Ocean Ridge are primarily heated with electricity.
Palm Beach County had 128,176 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hurricane (Very High). 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 | $1,138,700 |
|---|---|
| Median year built | 1974 |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 33% |
| 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
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)