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Merritt Island, FL
Full City Profile · Florida · Brevard County County
3.6
/5.0
B+
Good
34,718
Population
2,046/sq mi density
$91,020
Median Income
$52,695 per capita
$379,700
Home Value
$422,387 Zillow
$1,348
Median Rent
30.4% income on rent
73°F
Avg Temperature
314 sunny days/yr
846
Violent Crime/100K
5,543 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$91,020 median income, 2.3% unemployment
A
Affordability
4.3 / 5.0
$379,700 home value, $1,348/mo rent
F
Safety
1.0 / 5.0
846 violent crimes/100K (123% above avg)
A
Education
4.3 / 5.0
41.8% bachelor's degree or higher
Housing Overview
Median Home Value
$379,700
35% above
US avg: $281,900
Median Rent
$1,348/mo
16% above
US avg: $1,163/mo
Homeownership Rate
81.0%
24% above US avg (65.4%)
Total Housing Units
16,773
Median year built: 1974
Home Value by Source
Census Median
$379,700
Zillow (ZHVI)
$422,387
Median Sale Price
$540,000
Median List Price
$407,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
81.0%
Owner-Occupied
19.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,348/mo
· Zillow rent:
$1,735/mo
Market Indicators (Redfin)
Median Days on Market
94 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
46
Price Drops
30.1%
of listings with price reduction
Price Per Sq Ft
$259
Active Inventory
219
homes for sale
Affordability & Housing Stock
Rent Burden
30.4%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
81.0%
Complete Housing Data
Home Values
| Census Median Value | $379,700 |
| Zillow Home Value (ZHVI) | $422,387 |
| Median Sale Price | $540,000 |
| Median List Price | $407,500 |
| Price Per Sq Ft | $259 |
Rent
| Census Median Rent | $1,348 |
| Zillow Rent (ZORI) | $1,735 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 94 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 30.1% |
| Homes Sold | 46 |
| Active Inventory | 219 |
| Price Per Sq Ft | $259 |
Ownership & Stock
| Owner-Occupied | 81.0% |
| Renter-Occupied | 19.0% |
| Homeownership Rate | 81.0% |
| Total Housing Units | 16,773 |
| Median Year Built | 1974 |
| Rent Burden | 30.4% |