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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

$706,558

AVERAGE PRICE OF 294 HOMES

$181,450

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,251,930

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$2,219,508

AVERAGE PRICE OF 12 NEWLY BUILT HOMES

$1,092,481

AVERAGE PRICE OF 118 HOMES WITH A POOL

Average Home

Average Price $706,558
Avg Bedrooms 3.4 beds
Avg Bathrooms 2.54 baths

Average Price by Bedrooms

1 bedroom $133,499
2 bedrooms $256,857
3 bedrooms $502,046
4 bedrooms $742,134
5 bedrooms $1,982,371
Merritt Island Home Price Trends
  6/2026 5/2026 4/2026 3/2026 2/2026
Total Listings n/a n/a n/a 398 413
Average Price n/a n/a n/a $792,575 $781,121
Avg Price Change n/a n/a n/a +1.47% +3.00%
Median Price n/a n/a n/a $497,173 $512,507
Med Price Change n/a n/a n/a -3.08% -4.94%
Avg Bedrooms n/a n/a n/a 2.68 beds 2.69 beds
Avg Bathrooms n/a n/a n/a 2.12 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 284 $621,407 86 days
Satellite 8 $3,493,000 182 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 294 $706,558 88 days
Distressed Homes 4 $181,450 127 days
Multi-Million Dollar Homes 40 $2,251,930 133 days
Newly Built Homes 12 $2,219,508 90 days
Homes with a Pool 118 $1,092,481 93 days

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