North Merritt Island · Buying
Buying in a flood or hurricane area in North Merritt Island
Flood zone, flood insurance, wind and 4-point reports and past flood claims, before you commit.
Free · Agents who know North Merritt Island · Every step in one app
North Merritt Island is the northern, more rural part of Merritt Island, near Kennedy Space Center.
Buying near the water or in hurricane country can bring up real worry. You may have watched storm coverage, heard about insurance prices, or wondered whether a home could flood. Those worries are reasonable.
Read the full guide: buying in a flood or hurricane area, step by step →
What this means in North Merritt Island
- The typical home here is worth about $525,400. With 10% down, that is a loan of about $472,900; owners here typically spend about $2,591 a month on housing costs (Census), which gives you a real local starting point for your budget.
- To look up a home's flood zone in North Merritt Island, use Brevard County Floodplain Administration (Flood Zone Information). A home's flood zone decides whether a lender requires flood insurance.
What’s different for you
- Read the seller’s flood answers. Florida sellers answer three flood questions before you sign.
- Check the flood zone. With most mortgages, homes in high-risk flood zones must have flood insurance.
- Get insurance quotes early. Homeowners insurance doesn’t cover flooding.
- Book the 4-point and wind reports. Older homes usually need a 4-point; a wind report can lower your price.
When you start in CloseHive from this page, your plan already includes these steps, along with the usual ones for buying in North Merritt Island. You always see what to do next, and your agent handles the how.
North Merritt Island in numbers
- 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.
A typical North Merritt Island home costs about 5.0 times the typical household income here ($104,878 a year), compared with 4.3 times across Brevard. With 10% down, the loan on a $525,000 home would be $472,500, and Florida's mortgage taxes at closing would be about $2,599.
Questions people ask
Does homeowners insurance cover floods?
No. Flood insurance is a separate policy.