Home Insurance in Palm Springs, Florida
The median home value in Palm Springs is $269,800, 40% lower than the Palm Beach County median.
The typical home in Palm Springs was built around 1978. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 14% of homes were built before 1960, about 6 points above Palm Beach County's 8%.
In Palm Springs, the housing stock is 44% single-family homes, 39% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Palm Springs, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Palm Springs has an owner-occupancy rate of 48% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
In Palm Springs, 96% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Palm Springs? FEMA's National Risk Index points to hurricane (Very High) in Palm Beach County and 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.
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 | $269,800 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 48% |
| Share of owner-occupied homes with a mortgage | 63% |
| 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
- Lake Clarke Shores
- Atlantis
- Lake Worth Beach
- Glen Ridge
- Cloud Lake
- Haverhill
- Lantana
- South 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)