Housing in North Merritt Island, FL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$594,400

Median List Price

$592,000

Price Per Sq Ft

$230

Days on Market

86

Active Inventory

47

Months of Supply

3.9

Seller's market

Price Trends

Source: Redfin
Sale Price ↓ 1.8%List Price ↓ 5.9%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

25.0%

Off Market in 2 Weeks

14.3%

Sale-to-List Ratio

98.3%

Buyer's market

Sold Above Asking
25.0%
Under Contract in 2 Wks
14.3%
Listings with Price Drops
57.5%

Market Activity

Source: Redfin

Homes Sold

12

New Listings

10

Pending Sales

14

Homes Sold ↓ 36.8%New Listings ↓ 65.5%Pending ↓ 36.4%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$230

Median List $/SF

$250

Sale $/SF ↓ 12.2%List $/SF ↓ 7.1%Mar 24 → Jan 26

North Merritt Island vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. North 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

$495,400

Median Rent

$1,328

Total Housing Units

3,838

Vacancy Rate

11.5%

Owner Occupied

86.2%

Renter Occupied

13.8%

Median Property Tax

$3,179

per year

Monthly Cost (w/ Mortgage)

$1,788

Housing Types

Single Family
74.3%
Multi-Family
6.1%
Mobile Home
19.6%

The current median sale price in North Merritt Island, FL is $594,400 according to Redfin data. Homes spend a median of 86 days on the market. 25.0% of homes sold above asking price. The market has 3.9 months of supply. The median price per square foot is $230. The median rent is $1,328 per month (Census ACS). About 86.2% of housing units are owner-occupied. The median year homes were built is 1995. There are 3,838 total housing units.