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Merritt Island

Why you'd want to live in Merritt Island

Merritt Island is a long peninsula located in between Cape Canaveral and Cocoa Beach. It is known for Kennedy Space Center Visitor complex and Wildlife. Enjoy the Banana River or short drive to the beach!

Merritt Island Market Report

$774,738

AVERAGE PRICE OF 483 HOMES

$379,975

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,295,729

AVERAGE PRICE OF 78 MULTI-MILLION DOLLAR HOMES

$1,026,599

AVERAGE PRICE OF 33 NEWLY BUILT HOMES

$965,002

AVERAGE PRICE OF 176 HOMES WITH A POOL

$683,960

AVERAGE PRICE OF 26 REDUCED PRICE HOMES

Average Home

Average Price $774,738
Avg Bedrooms 2.89 beds
Avg Bathrooms 3.34 baths

Average Price by Bedrooms

1 bedroom $387,790
2 bedrooms $339,806
3 bedrooms $563,822
4 bedrooms $836,789
5 bedrooms $1,613,338
Merritt Island Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 496 495 454 409 376
Average Price $789,882 $766,698 $773,366 $807,356 $792,359
Avg Price Change +3.02% -0.87% -4.40% +1.89% +3.13%
Median Price $532,812 $526,279 $516,544 $533,723 $553,042
Med Price Change +1.24% +1.88% -3.33% -3.62% +2.38%
Avg Bedrooms 2.87 beds 2.83 beds 2.78 beds 2.79 beds 2.78 beds
Avg Bathrooms 2.34 baths 2.15 baths 2.14 baths 2.19 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 440 $669,818 110 days
Total Homes Average Price Avg Days on Site
All Homes 483 $774,738 119 days
Distressed Homes 4 $379,975 104 days
Multi-Million Dollar Homes 78 $2,295,729 146 days
Newly Built Homes 33 $1,026,599 162 days
Homes with a Pool 176 $965,002 85 days
Reduced Price Homes 26 $683,960 58 days