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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

$790,872

AVERAGE PRICE OF 417 HOMES

$323,560

AVERAGE PRICE OF 5 DISTRESSED HOMES

$2,451,083

AVERAGE PRICE OF 66 MULTI-MILLION DOLLAR HOMES

$1,143,107

AVERAGE PRICE OF 24 NEWLY BUILT HOMES

$977,265

AVERAGE PRICE OF 136 HOMES WITH A POOL

$702,213

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $790,872
Avg Bedrooms 2.71 beds
Avg Bathrooms 2.16 baths

Average Price by Bedrooms

1 bedroom $380,360
2 bedrooms $327,648
3 bedrooms $536,112
4 bedrooms $694,577
5 bedrooms $2,039,433
Merritt Island Home Price Trends
  12/2025 11/2025 10/2025 9/2025 8/2025
Total Listings 415 436 440 452 466
Average Price $753,009 $754,009 $766,929 $772,247 $770,341
Avg Price Change -0.13% -1.71% -0.69% +0.25% -2.86%
Median Price $518,640 $525,366 $516,571 $509,356 $514,167
Med Price Change -1.30% +1.70% +1.42% -0.94% -3.45%
Avg Bedrooms 2.79 beds 2.85 beds 2.88 beds 2.9 beds 2.94 beds
Avg Bathrooms 2.16 baths 2.17 baths 2.2 baths 2.36 baths 3.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 364 $654,063 129 days
Total Homes Average Price Avg Days on Site
All Homes 417 $790,872 144 days
Distressed Homes 5 $323,560 133 days
Multi-Million Dollar Homes 66 $2,451,083 205 days
Newly Built Homes 24 $1,143,107 315 days
Homes with a Pool 136 $977,265 104 days
Reduced Price Homes 23 $702,213 104 days

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