Home Insurance in Royal Palm Beach, Florida
Homes in Royal Palm Beach carry a median value of $437,700 - close to the Palm Beach County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Royal Palm Beach was built around 1990. About 1% of homes were built before 1960, about 7 points below Palm Beach County's 8%.
The housing stock in Royal Palm Beach is 80% single-family homes, 15% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
73% of owner-occupied homes in Royal Palm Beach carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 82% of occupied homes in Royal Palm Beach are owner-occupied.
Most homes in Royal Palm Beach - 93% - 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.
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 | $437,700 |
|---|---|
| Median year built | 1990 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 73% |
| 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)