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Merritt Island
  • Town in Florida

Merritt Island Real Estate Market

About Merritt Island Real Estate

Housing
grade B+
Based on home values, property taxes, housing costs, local schools, and more.
Area Feel
Dense Suburban
Rent vs. Own
  • Rent
    23%
  • Own
    77%
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Homes for Sale

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Real Estate Costs

Median Home Value
$264,600
National
$217,500
Home Values
  • <$50k
    3%
  • $50-$99k
    6%
  • $100-$199k
    25%
  • $200-$399k
    41%
  • $400-$749k
    17%
  • $750k+
    7%
Median Rent
$1,019
National
$1,062
Monthly Rent
  • <$500
    5%
  • $500-$999
    44%
  • $1,000-$1,499
    29%
  • $1,500-$1,999
    14%
  • $2,000+
    8%
32%
of residents say housing is affordable. 19 responses

Home Quality

Poll
53%
of residents say the exterior quality of homes is good or excellent. 19 responses
Poll
47%
of residents say the interior quality of homes is good or excellent. 19 responses
63%
of residents say there is a good variety of homes. 19 responses
88%
of residents say there are a few vacant or abandoned properties here and there. 17 responses
74%
of residents say that parking is readily available. 19 responses

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Overview

Homes in Merritt Island have a median value of $264,600. The median rent price in Merritt Island is $1,019 and most residents own their homes. Merritt Island is walkable, and there are a lot of restaurants and parks nearby.

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