Home Insurance in Palm Valley, Texas
With a median home value of $275,000, Palm Valley is 101% higher than the Cameron County median.
The typical home in Palm Valley was built around 1980. About 4% of homes were built before 1960, about 5 points below Cameron County's 10%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Palm Valley breaks down to 95% single-family homes and 3% apartments in buildings with 5+ units.
About 77% of owner-occupied homes in Palm Valley have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Palm Valley has an owner-occupancy rate of 81% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
Most homes in Palm Valley - 94% - are primarily heated with electricity.
What's the biggest home insurance risk near Palm Valley? FEMA's National Risk Index points to hurricane (Very High) in Cameron County and Cameron County had 19,149 active NFIP flood policies as of September 2026. See the full Cameron County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Texas, the statewide average premium for a standard HO-3 homeowners policy is $2,864 per year (NAIC, 2023 data).
Key figures
| Median home value | $275,000 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 77% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Cameron County | 19,149 |
| Home insurance premium | $2,864 - 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)