Merritt Island, FL (32953) is a great place to live for many reasons. One of the biggest advantages for people considering moving to Merritt Island is its housing market. The median value of houses in Merritt Island is currently $435,900, which is significantly higher than the U.S. median house value of $338,100. Additionally, the 1-year house appreciation rate in Merritt Island has been 20.52%, far higher than the U.S. averagehouse appreciation rate of 8.27%. This means that those who invest in property in Merritt Island can expect to enjoy a healthy return on their investment over time.
The median home cost in Merritt Island (zip 32953) is $435,900. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Merritt Island (zip 32953) is up 26.8%.
Average Age of Homes
- The median age of Merritt Island (zip 32953) real estate is 35 years old
The Rental Market in Merritt Island (zip 32953)
- Renters make up 23.0% of the Merritt Island (zip 32953) population
- 5.7% of houses and apartments in Merritt Island (zip 32953), 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.