Home Insurance in Isle of Palms, South Carolina
The median home value in Isle of Palms is $1,581,300, 223% higher than the Charleston County median.
The typical home in Isle of Palms was built around 1986. About 9% of homes were built before 1960, about 6 points below Charleston County's 15%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Isle of Palms, the housing stock is 73% single-family homes and 25% apartments in buildings with 5+ units.
53% of owner-occupied homes in Isle of Palms carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 55%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 93% of occupied homes in Isle of Palms are owner-occupied.
88% of homes in Isle of Palms are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Isle of Palms? FEMA's National Risk Index points to coastal flooding (Very High) in Charleston County and Charleston County had 59,025 active NFIP flood policies as of September 2026. See the full Charleston County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in South Carolina carries a statewide average premium of $1,753 per year.
Key figures
| Median home value | $1,581,300 |
|---|---|
| Median year built | 1986 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Charleston County | 59,025 |
| Home insurance premium | $1,753 - statewide average (NAIC, 2023 data) |
Nearby towns
- Sullivan's Island
- Mount Pleasant
- James Island
- Awendaw
- Charleston
- Folly Beach
- Hanahan
- North Charleston
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)