Merritt Island, FL Housing

Merritt Island, FL is a great place to invest in housing. The median value of a home is $433,900, significantly higher than the national median of $338,100. Furthermore, the 1 year appreciation rate for homes in Merritt Island is 20.52%, much higher than the national average of 8.27%. This makes Merritt Island an attractive area for potential home buyers who are looking to invest in a property that will appreciate over time.

The median home cost in Merritt Island is $433,900. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Merritt Island is up 26.8%.

Average Age of Homes

- The median age of Merritt Island real estate is 43 years old

The Rental Market in Merritt Island

- Renters make up 20.9% of the Merritt Island population
- 4.3% of houses and apartments in Merritt Island, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Merritt Island, Florida	United States
	16,888.0	139,647,020.0
	48	42
	$433,900	$338,100
	26.8%	16.6%
	85.7%	57.0%
	211.6%	101.1%
	$7.37	$10.98
	$2,333	$2,690
	65.2%	57.4%
	19.6%	11.2%
	15.2%	31.4%
Vacant Housing
	4.3%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.5%	0.4%
	9.0%	3.6%
	4.6%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	1.2%	2.4%
	0.6%	2.8%
	1.0%	3.9%
	1.6%	4.5%
	6.5%	11.3%
	12.8%	13.0%
	21.6%	20.1%
	21.5%	13.6%
	14.9%	8.3%
	9.6%	9.7%
	3.7%	3.9%
	1.7%	2.2%
	1.2%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.6%	13.6%
	8.6%	13.6%
	10.7%	13.6%
	17.1%	13.2%
	16.8%	14.8%
	10.7%	13.6%
	8.7%	10.0%
	0.1%	4.7%
	0.9%	12.2%

Reviews for Merritt Island

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Deborah · Merritt Island, FL

Generally pretty good

Over 10 years ago

It can get hot in the summer, but you get a breeze off the ocean most afternoons. If you live on the waterways, it seems to be a little cooler. Winters are More

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Bp · Merritt Island, FL

Florida livng

Over 13 years ago

New to the area, but soon to know more. Florida is a sunshine state More

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sregan7 · Merritt Island, FL

ARCHITECTURE

Over 16 years ago

Coming from Virginia, the Merritt Island architecture leaves a lot to be desired. Hurricane season (June - November) causes me a lot of More

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