Merritt Island, FL (32952) has a median housing value of $442,000. This is significantly higher than the US House Median Value of $338,100 and far exceeds the national average in terms of appreciation over the last year at 20.52%, compared to 8.27% for the country as a whole. Merritt Island offers an attractive option for people looking to purchase property due to its strong market performance and desirable location in Florida. With house values continuing to appreciate, investing in property here may be worth considering for those seeking long-term returns.
The median home cost in Merritt Island (zip 32952) is $442,000. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Merritt Island (zip 32952) is up 26.8%.
Average Age of Homes
- The median age of Merritt Island (zip 32952) real estate is 41 years old
The Rental Market in Merritt Island (zip 32952)
- Renters make up 15.8% of the Merritt Island (zip 32952) population
- 2.3% of houses and apartments in Merritt Island (zip 32952), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.