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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

$786,388

AVERAGE PRICE OF 405 HOMES

$249,087

AVERAGE PRICE OF 8 DISTRESSED HOMES

$2,434,446

AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES

$1,154,229

AVERAGE PRICE OF 23 NEWLY BUILT HOMES

$1,038,383

AVERAGE PRICE OF 131 HOMES WITH A POOL

$555,857

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $786,388
Avg Bedrooms 2.67 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $476,671
2 bedrooms $269,277
3 bedrooms $461,729
4 bedrooms $762,258
5 bedrooms $2,264,070
Merritt Island Home Price Trends
  3/2026 2/2026 1/2026 12/2025 11/2025
Total Listings 398 413 401 415 436
Average Price $792,575 $781,121 $758,340 $753,009 $754,009
Avg Price Change +1.47% +3.00% +0.71% -0.13% -1.71%
Median Price $497,173 $512,507 $537,811 $518,640 $525,366
Med Price Change -3.08% -4.94% +3.70% -1.30% +1.70%
Avg Bedrooms 2.68 beds 2.69 beds 2.74 beds 2.79 beds 2.85 beds
Avg Bathrooms 2.12 baths 2.11 baths 2.16 baths 2.16 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 368 $634,776 121 days
Total Homes Average Price Avg Days on Site
All Homes 405 $786,388 137 days
Distressed Homes 8 $249,087 80 days
Multi-Million Dollar Homes 71 $2,434,446 200 days
Newly Built Homes 23 $1,154,229 216 days
Homes with a Pool 131 $1,038,383 90 days
Reduced Price Homes 19 $555,857 142 days
Florida Lifestyle Realty LLC
Jackie Griffin
6500 N. Atlantic Ave. Suite C
Cape Canaveral, FL 32920
321-613-5922

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