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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

$792,311

AVERAGE PRICE OF 410 HOMES

$323,560

AVERAGE PRICE OF 5 DISTRESSED HOMES

$2,434,089

AVERAGE PRICE OF 67 MULTI-MILLION DOLLAR HOMES

$1,293,303

AVERAGE PRICE OF 18 NEWLY BUILT HOMES

$984,107

AVERAGE PRICE OF 132 HOMES WITH A POOL

$583,369

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $792,311
Avg Bedrooms 2.7 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $407,400
2 bedrooms $277,382
3 bedrooms $538,657
4 bedrooms $714,988
5 bedrooms $1,977,691
Merritt Island Home Price Trends
  1/2026 12/2025 11/2025 10/2025 9/2025
Total Listings 401 415 436 440 452
Average Price $758,340 $753,009 $754,009 $766,929 $772,247
Avg Price Change +0.71% -0.13% -1.71% -0.69% +0.25%
Median Price $537,811 $518,640 $525,366 $516,571 $509,356
Med Price Change +3.70% -1.30% +1.70% +1.42% -0.94%
Avg Bedrooms 2.74 beds 2.79 beds 2.85 beds 2.88 beds 2.9 beds
Avg Bathrooms 2.16 baths 2.16 baths 2.17 baths 2.2 baths 2.36 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 371 $652,211 125 days
Total Homes Average Price Avg Days on Site
All Homes 410 $792,311 141 days
Distressed Homes 5 $323,560 146 days
Multi-Million Dollar Homes 67 $2,434,089 198 days
Newly Built Homes 18 $1,293,303 346 days
Homes with a Pool 132 $984,107 101 days
Reduced Price Homes 23 $583,369 71 days

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