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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

$789,559

AVERAGE PRICE OF 403 HOMES

$247,114

AVERAGE PRICE OF 7 DISTRESSED HOMES

$2,419,059

AVERAGE PRICE OF 69 MULTI-MILLION DOLLAR HOMES

$1,281,424

AVERAGE PRICE OF 17 NEWLY BUILT HOMES

$1,001,688

AVERAGE PRICE OF 128 HOMES WITH A POOL

$697,634

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $789,559
Avg Bedrooms 2.67 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $483,228
2 bedrooms $282,120
3 bedrooms $492,315
4 bedrooms $710,130
5 bedrooms $2,178,222
Merritt Island Home Price Trends
  2/2026 1/2026 12/2025 11/2025 10/2025
Total Listings 413 401 415 436 440
Average Price $781,121 $758,340 $753,009 $754,009 $766,929
Avg Price Change +3.00% +0.71% -0.13% -1.71% -0.69%
Median Price $512,507 $537,811 $518,640 $525,366 $516,571
Med Price Change -4.94% +3.70% -1.30% +1.70% +1.42%
Avg Bedrooms 2.69 beds 2.74 beds 2.79 beds 2.85 beds 2.88 beds
Avg Bathrooms 2.11 baths 2.16 baths 2.16 baths 2.17 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 367 $645,642 123 days
Total Homes Average Price Avg Days on Site
All Homes 403 $789,559 139 days
Distressed Homes 7 $247,114 77 days
Multi-Million Dollar Homes 69 $2,419,059 199 days
Newly Built Homes 17 $1,281,424 304 days
Homes with a Pool 128 $1,001,688 95 days
Reduced Price Homes 23 $697,634 72 days

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