Home Insurance in South Padre Island, Texas
With a median home value of $516,900, South Padre Island is 279% higher than the Cameron County median.
The typical home in South Padre Island was built around 1984. About 3% of homes were built before 1960, about 6 points below Cameron County's 10%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in South Padre Island is 15% single-family homes and 73% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 31% of owner-occupied homes in South Padre Island have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 71%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 70% of occupied homes in South Padre Island are owner-occupied.
97% of homes in South Padre Island are primarily heated with electricity.
What's the biggest home insurance risk near South Padre Island? 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.
The statewide average premium for a standard HO-3 homeowners policy in Texas is $2,864 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $516,900 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 31% |
| 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)