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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

$741,500

AVERAGE PRICE OF 421 HOMES

$369,949

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,295,497

AVERAGE PRICE OF 62 MULTI-MILLION DOLLAR HOMES

$835,198

AVERAGE PRICE OF 29 NEWLY BUILT HOMES

$905,807

AVERAGE PRICE OF 138 HOMES WITH A POOL

$573,031

AVERAGE PRICE OF 25 REDUCED PRICE HOMES

Average Home

Average Price $741,500
Avg Bedrooms 2.86 beds
Avg Bathrooms 2.19 baths

Average Price by Bedrooms

1 bedroom $401,388
2 bedrooms $369,674
3 bedrooms $498,213
4 bedrooms $675,488
5 bedrooms $1,558,797
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 385 $634,769 122 days
Total Homes Average Price Avg Days on Site
All Homes 421 $741,500 136 days
Distressed Homes 4 $369,949 197 days
Multi-Million Dollar Homes 62 $2,295,497 189 days
Newly Built Homes 29 $835,198 257 days
Homes with a Pool 138 $905,807 111 days
Reduced Price Homes 25 $573,031 74 days

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