House Prices

House Prices & Home Values Merritt Island, FL 2026


Average Data

average house price$403,520
average size per house1807 ft²
average price per ft²224 $ / ft²

04/05/2026 - The value range (VR) for house prices in Merritt Island, FL is $181/ sqft to $181/ sqft. An average home with 1807 sqft costs approximately $327,067 to $327,067. Merritt Island, FL includes 2 ZIP codes and it is located in Brevard county. The lowest prices are found in ZIP 32952, while the highest are in ZIP 32952. The average price per sqare feet is $224. Our analysis is based on 21 property listings.

Avergage prices by ZIP codes Merritt Island

32952199 $ / ft²
32953192 $ / ft²




Historical development of home values in Merritt Island

Year Estimated value (USD) Change vs. 2025
2010 $187,402 -53.6%
2011 $180,155 -55.4%
2012 $179,670 -55.5%
2013 $186,386 -53.8%
2014 $195,654 -51.5%
2015 $205,695 -49.0%
2016 $216,430 -46.4%
2017 $228,111 -43.5%
2018 $240,723 -40.3%
2019 $251,885 -37.6%
2020 $264,906 -34.4%
2021 $301,302 -25.3%
2022 $351,250 -13.0%
2023 $370,410 -8.2%
2024 $391,838 -2.9%
2025 $403,520 0.0%

Graph: estimated home values in Merritt Island over time (USD)



Example: 100% financing house in Merritt Island

Loan amount: $403,520

Interest rate: 6.00%

Fixed monthly payment: $2,419.31

Breakdown in the 1st month:
Interest portion: $2,017.60  –  Principal portion: $401.71

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $24,076.40 $4,955.27 $398,564.73
2 $23,770.77 $5,260.90 $393,303.82
3 $23,446.29 $5,585.38 $387,718.44
4 $23,101.80 $5,929.88 $381,788.56
5 $22,736.05 $6,295.62 $375,492.94
6 $22,347.75 $6,683.92 $368,809.02
7 $21,935.51 $7,096.17 $361,712.85
8 $21,497.83 $7,533.85 $354,179.00
9 $21,033.16 $7,998.52 $346,180.49
10 $20,539.83 $8,491.85 $337,688.64
11 $20,016.07 $9,015.61 $328,673.03
12 $19,460.01 $9,571.67 $319,101.36
13 $18,869.65 $10,162.03 $308,939.33
14 $18,242.87 $10,788.80 $298,150.53
15 $17,577.44 $11,454.23 $286,696.30
16 $16,870.97 $12,160.70 $274,535.59
17 $16,120.93 $12,910.75 $261,624.85
18 $15,324.62 $13,707.06 $247,917.79
19 $14,479.20 $14,552.48 $233,365.31
20 $13,581.63 $15,450.04 $217,915.27
21 $12,628.71 $16,402.97 $201,512.30
22 $11,617.01 $17,414.67 $184,097.64
23 $10,542.91 $18,488.76 $165,608.88
24 $9,402.56 $19,629.11 $145,979.76
25 $8,191.88 $20,839.79 $125,139.97
26 $6,906.53 $22,125.14 $103,014.83
27 $5,541.90 $23,489.77 $79,525.06
28 $4,093.10 $24,938.57 $54,586.48
29 $2,554.95 $26,476.73 $28,109.76
30 $921.92 $28,109.76 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Merritt Island, FL


1500 sqft3900 sqft
Ø selling price$406,561$864,865
Ø fast selling$369,601$778,378
Ø high price sale$443,521$951,351

In 2026, houses in Merritt Island, FL will be offered at an average price of $224 per square foot. A 1,500 sqft home priced at $406,561 is 25.25% more expensive per square foot than a 3,900 sqft home priced at $864,865. Home prices in Merritt Island, FL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $598,752. Sellers who can wait longer may achieve a higher price of up to $731,809.


Discover Merritt Island, FL

Overview

Merritt Island, FL is a sun-soaked barrier island on Florida?s Space Coast known for rocket launches, waterfront living, and abundant wildlife. Anchored between the Indian River Lagoon and the Banana River, this community blends coastal charm with high-tech excitement.


Attractions and Nature

Visitors flock to the Kennedy Space Center for immersive exhibits and unforgettable launch viewing opportunities. Nature lovers explore the Merritt Island National Wildlife Refuge, where manatees, dolphins, and migratory birds thrive among pristine wetlands. Kayaking, paddleboarding, and boating are everyday adventures on calm waterways that reward sunrise and sunset seekers. Nearby Cocoa Beach and Canaveral National Seashore add surfing, shelling, and uncrowded sands to any Merritt Island itinerary.


Lifestyle and Real Estate

Merritt Island real estate ranges from deep-water canal homes to family neighborhoods near top-rated schools, shopping, and local dining. Residents enjoy a relaxed coastal lifestyle with quick access to Port Canaveral cruises, parks, and community events.


Access and Travel Tips

Convenient highways like SR 528 and SR 520 connect Merritt Island, FL to Orlando attractions and the international airport in under an hour. Whether you?re planning a vacation, relocation, or investment, Merritt Island offers a uniquely Floridian mix of space-age history, eco-adventure, and waterfront tranquility.



FAQ – Home Values in Merritt Island

What is the median home value in Merritt Island in 2026?

In 2026, the typical home value in Merritt Island is about $403,520 for an average home size of 1807 square feet. This corresponds to an average price of roughly $224 per square foot.

What is the average cost per square foot in Merritt Island?

In 2026, homes in Merritt Island sell for an average of around $224 per square foot, with a typical range between $181 and $181 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Merritt Island is about 1807 square feet, with an estimated 2026 value around $403,520.



Locations close to Merritt Island, FL

Rockledge, FL167 $ / ft²
Sebastian, FL155 $ / ft²
Vero Beach, FL133 $ / ft²
Melbourne Beach, FL284 $ / ft²
Malabar, FL235 $ / ft²
Grant, FL398 $ / ft²




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