Flood insurance cost · Monroe County, FL
Flood insurance cost in Monroe County, Florida
What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 21,161 home policies in force on August 31, 2026.
Median annual cost of NFIP flood insurance for a home
$1,986a year
Half of insured homes paid between $1,156 and $3,947. That is 95% more than the Florida median ($1,017). Most insured homes here are rated in zone AE (89%).
This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.
Cost by flood zone in Monroe County
The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.
| Flood zone | Median | Middle half (25th–75th percentile) | Average | Policies | vs last year |
|---|---|---|---|---|---|
| Zone VE / V High risk, coastal | $4,979 | $2,488–$6,932 | $5,039 | 1,151 (5%) | +5.6% |
| Zone AE High risk | $2,019 | $1,133–$3,883 | $2,694 | 18,752 (89%) | +12.8% |
| Zone X Moderate to low risk | $1,299 | $1,156–$1,492 | $1,551 | 1,255 (6%) | +13.3% |
Not shown (fewer than 10 home policies): A, AO, AH, A99/AR, D. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.
Cost by type of building
All NFIP policies in force in Monroe County, by what they insure.
| Type of building | Policies | Median | Average |
|---|---|---|---|
| Single-family home | 18,185 | $2,024 | $2,830 |
| 2–4 unit building | 1,311 | $3,188 | $3,041 |
| Manufactured (mobile) home | 890 | $1,878 | $2,035 |
| Condo or apartment unit | 775 | $967 | $1,305 |
| Whole residential building (5+ units or condo association) One policy covers the whole building, so the cost is much higher than for a single home. | 1,017 | $6,284 | $8,563 |
| Non-residential building or unit Businesses, churches, farm buildings and other non-residential property. | 2,062 | $5,124 | $6,976 |
One year on: Monroe County
Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.
| Aug 31, 2025 | Aug 31, 2026 | Change | |
|---|---|---|---|
| Home policies in force | 21,846 | 21,161 | −3.1% |
| Median annual cost | $1,770 | $1,986 | +12.2% |
| Average annual cost | $2,517 | $2,754 | +9.4% |
| All policies in force (any building) | 24,980 | 24,240 | −3.0% |
How many homes have flood insurance?
FEMA NFIP Residential Penetration Rates, data as of August 3, 2026: residential contracts in force divided by residential structures.
Flood claims history
Since 1978, NFIP policyholders in Monroe County, Florida have filed 27,430 flood claims. 18,720 received a payment, for a total of $714.1 million (an average of $38,148 per paid claim). The year with the most claims was 2005 (9,185 claims). Amounts are in dollars of the time, not adjusted for inflation.
All years with at least 10 claims (32)
Swipe the table sideways to see all columns.
| Year of loss | Claims | Paid claims | Total paid | Average per paid claim |
|---|---|---|---|---|
| 2025 | 15 | <10 | – | – |
| 2024 | 22 | 11 | $210,307 | $19,119 |
| 2023 | 30 | 22 | $706,709 | $32,123 |
| 2022 | 569 | 472 | $28,597,202 | $60,587 |
| 2020 | 76 | 49 | $1,180,777 | $24,097 |
| 2017 | 8,189 | 5,600 | $293,409,237 | $52,395 |
| 2014 | 13 | <10 | – | – |
| 2013 | 14 | <10 | – | – |
| 2012 | 18 | <10 | – | – |
| 2011 | 42 | 15 | $399,694 | $26,646 |
| 2010 | 17 | 10 | $121,886 | $12,189 |
| 2008 | 44 | 23 | $395,397 | $17,191 |
| 2006 | 22 | <10 | – | – |
| 2005 | 9,185 | 8,068 | $336,959,743 | $41,765 |
| 2004 | 25 | <10 | – | – |
| 2001 | 34 | 19 | $183,507 | $9,658 |
| 2000 | 23 | <10 | – | – |
| 1999 | 855 | 485 | $4,831,801 | $9,962 |
| 1998 | 7,258 | 3,487 | $43,521,450 | $12,481 |
| 1997 | 10 | <10 | – | – |
| 1996 | 16 | <10 | – | – |
| 1995 | 20 | 11 | $85,559 | $7,778 |
| 1994 | 188 | 107 | $1,192,116 | $11,141 |
| 1993 | 39 | <10 | – | – |
| 1992 | 180 | 10 | $84,509 | $8,451 |
| 1988 | 11 | <10 | – | – |
| 1985 | 43 | 15 | $74,258 | $4,951 |
| 1983 | 41 | 24 | $47,035 | $1,960 |
| 1982 | 21 | <10 | – | – |
| 1981 | 18 | <10 | – | – |
| 1980 | 292 | 183 | $441,030 | $2,410 |
| 1979 | 16 | <10 | – | – |
From 2016 to 2026: 8,901 claims (counting only years with at least 10). 2026 is a partial year. Claims are counted where the insured property is; they include buildings and contents, homes and businesses.
ZIP codes in Monroe County
ZIP codes with at least 300 NFIP home policies in force have their own page.
- ZIP 33036 · Islamoradamedian $1,843 · 1,325 homes
- ZIP 33037 · unincorporated Monroe Countymedian $1,731 · 3,698 homes
- ZIP 33040 · Key Westmedian $2,420 · 6,558 homes
- ZIP 33042 · unincorporated Monroe Countymedian $1,828 · 2,641 homes
- ZIP 33043 · unincorporated Monroe Countymedian $1,551 · 1,610 homes
- ZIP 33050 · Marathonmedian $2,189 · 3,056 homes
- ZIP 33051 · Key Colony Beachmedian $3,344 · 681 homes
- ZIP 33070 · Islamoradamedian $1,831 · 1,460 homes
Main NFIP communities in the county
Unincorporated Monroe County (10,914 home policies) · Key West (4,791 home policies) · Marathon (2,525 home policies) · Islamorada (2,155 home policies) · Key Colony Beach (690 home policies) · Layton (81 home policies)