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Text (352) 352-5665Merritt Island, FL · Market Data
Merritt Island, Florida real estate market data.
Real estate market data for Merritt Island, FL (Brevard County) — Census median home value $379,700, county listing prices down about 2.2% over the past year.
Merritt Island, FL is in Brevard County, Florida — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 34,718, with a median household income of $91,020. Census data puts Merritt Island's median home value at $379,700 (all owner-occupied homes); Brevard County's current median listing price runs $375,000, down about 2.2% over the past year.
At a glance
Merritt Island market snapshot
Population
34,718
Median Household Income
$91,020
Median Home Value (city)
$379,700
Median Listing Price (Brevard County)
$375,000
Median Gross Rent
$1,348/mo
Price Trend (YoY)
-2.2%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Merritt Island different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Merritt Island's median home value — across all owner-occupied homes, not just recent sales — at $379,700. Separately, Brevard County's current median listing price (via Realtor.com data, 2026-06-01) runs $375,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Brevard County's FHFA house price index shows a -0.76% annual change in 2025.
Population & Income
Merritt Island has an estimated population of 34,718 and a median household income of $91,020, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Merritt Island's Census-reported median home value works out to about 4.2x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Merritt Island FAQ
What are home values like in Merritt Island, FL?
The Census Bureau's American Community Survey puts Merritt Island's median home value at $379,700. Brevard County's current median listing price runs $375,000, down about 2.2% over the past year.
What is the population of Merritt Island, FL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Merritt Island's population at approximately 34,718.
What's the median rent in Merritt Island, FL?
The Census ACS estimates median gross rent in Merritt Island at approximately $1,348 per month.
What is the median household income in Merritt Island, FL?
Census ACS data puts the median household income in Merritt Island at approximately $91,020.
Is the Merritt Island housing market growing?
Brevard County's FHFA house price index shows a -0.76% annual change in 2025.
Is Merritt Island, FL affordable relative to income?
Census ACS data puts Merritt Island's median home value at about 4.2 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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