Housing in Merritt Island, FL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$500,000
Median List Price
$499,000
Price Per Sq Ft
$251
Days on Market
85
Active Inventory
236
Months of Supply
6.1
Buyer's market
Zillow Home Value
$419,545
ZHVI — January 2026
Zillow Rent Index
$1,796
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
10.3%
Off Market in 2 Weeks
21.1%
Sale-to-List Ratio
96.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
39
New Listings
75
Pending Sales
57
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$251
Median List $/SF
$278
Merritt Island vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Merritt Island is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$379,700
Median Rent
$1,348
Total Housing Units
16,816
Vacancy Rate
17.5%
Owner Occupied
81.0%
Renter Occupied
19.0%
Median Property Tax
$2,495
per year
Monthly Cost (w/ Mortgage)
$1,242
Housing Types
The current median sale price in Merritt Island, FL is $500,000 according to Redfin data. Homes spend a median of 85 days on the market. 10.3% of homes sold above asking price. The market has 6.1 months of supply. The median price per square foot is $251. Zillow's observed rent index is $1,796/month. About 81.0% of housing units are owner-occupied. The median year homes were built is 1973. There are 16,816 total housing units.