Merritt Island · Brevard County, Florida
Merritt Island housing report
The numbers that matter if you're buying or selling a home in Merritt Island, in plain words.
$402,900typical home value
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Merritt Island sits between the Indian River and the Banana River. It is a community, not a city, so county rules apply.
Typical home value$402,90019% above BrevardHalf of owner-lived homes are worth more, half less.
Typical rent$1,441/mo7% below BrevardRent plus utilities, for homes that are rented.
Lived in by owners80%3 pts above BrevardThe rest are rented.
Typical year built197315 yrs olderAbout 53 years old.
Owners with a mortgage pay$2,070/mo15% above BrevardMortgage, taxes, insurance, HOA and utilities.
People who live here34,992Census estimate.
What stands out in Merritt Island
- The typical home here is valued at about $402,900, which is 19% higher than Brevard County as a whole ($339,600).
- About 59% of homes were built before 1980. Many insurance companies ask for a 4-point inspection (roof, electrical, plumbing, heating and air) on older homes, so plan for it early.
- 80% of homes are lived in by their owners, close to the county's 77%.
- Owners with a mortgage pay about $2,070 a month in housing costs, $629 more than typical rent ($1,441). Many of those owners bought years ago at lower prices, so today's buyers often pay more.
Merritt Island next to its neighbors
Of its closest neighbors, Rockledge is valued lower than Merritt Island.