North Merritt Island · Brevard County, Florida
North Merritt Island housing report
The numbers that matter if you're buying or selling a home in North Merritt Island, in plain words.
$525,400typical home value
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North Merritt Island is the northern, more rural part of Merritt Island, near Kennedy Space Center.
Typical home value$525,40055% above BrevardHalf of owner-lived homes are worth more, half less.
Typical rent$1,274/mo18% below BrevardRent plus utilities, for homes that are rented.
Lived in by owners87%10 pts above BrevardThe rest are rented.
Typical year built19957 yrs newerAbout 31 years old.
Owners with a mortgage pay$2,591/mo44% above BrevardMortgage, taxes, insurance, HOA and utilities.
People who live here9,025Census estimate.
What stands out in North Merritt Island
- The typical home here is valued at about $525,400, which is 55% higher than Brevard County as a whole ($339,600).
- The typical home here was built around 1995, about 31 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
- 87% of homes are lived in by their owners, more than the county's 77%. Homes here change hands less often, so good ones can go quickly.
- Owners with a mortgage pay about $2,591 a month in housing costs, $1,317 more than typical rent ($1,274). Many of those owners bought years ago at lower prices, so today's buyers often pay more.
North Merritt Island next to its neighbors
North Merritt Island is valued higher than all three of its closest neighbors.