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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

$738,856

AVERAGE PRICE OF 418 HOMES

$369,949

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,331,097

AVERAGE PRICE OF 60 MULTI-MILLION DOLLAR HOMES

$807,233

AVERAGE PRICE OF 29 NEWLY BUILT HOMES

$919,110

AVERAGE PRICE OF 132 HOMES WITH A POOL

$510,131

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $738,856
Avg Bedrooms 2.81 beds
Avg Bathrooms 2.16 baths

Average Price by Bedrooms

1 bedroom $440,200
2 bedrooms $344,289
3 bedrooms $495,810
4 bedrooms $684,864
5 bedrooms $1,626,709
Merritt Island Home Price Trends
  11/2025 10/2025 9/2025 8/2025 7/2025
Total Listings 436 440 452 466 464
Average Price $754,009 $766,929 $772,247 $770,341 $792,408
Avg Price Change -1.71% -0.69% +0.25% -2.86% +1.29%
Median Price $525,366 $516,571 $509,356 $514,167 $531,896
Med Price Change +1.70% +1.42% -0.94% -3.45% +0.63%
Avg Bedrooms 2.85 beds 2.88 beds 2.9 beds 2.94 beds 2.93 beds
Avg Bathrooms 2.17 baths 2.2 baths 2.36 baths 3.4 baths 3.41 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 382 $629,991 126 days
Total Homes Average Price Avg Days on Site
All Homes 418 $738,856 141 days
Distressed Homes 4 $369,949 205 days
Multi-Million Dollar Homes 60 $2,331,097 200 days
Newly Built Homes 29 $807,233 254 days
Homes with a Pool 132 $919,110 116 days
Reduced Price Homes 22 $510,131 109 days

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