Home Insurance in South Palm Beach, Florida
Homes in South Palm Beach carry a median value of $415,900 - 7% lower than the Palm Beach County median.
The typical home in South Palm Beach was built around 1975. About 5% of homes were built before 1960, about 2 points below Palm Beach County's 8%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in South Palm Beach breaks down to 2% single-family homes and 98% apartments in buildings with 5+ units.
About 26% of owner-occupied homes in South Palm Beach have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 49%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 87% of occupied homes in South Palm Beach are owner-occupied.
In South Palm Beach, 93% of homes are primarily heated with electricity.
What's the biggest home insurance risk near South Palm Beach? 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.
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 | $415,900 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 26% |
| 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
- Lantana
- Manalapan
- Lake Worth Beach
- Atlantis
- Ocean Ridge
- Lake Clarke Shores
- Palm Springs
- Boynton 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)