What is the Fair Market Rent in Merritt Island, FL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 32952, which covers Merritt Island, is $1,730 a month.

Across the whole Palm Bay-Melbourne-Titusville, FL MSA the two-bedroom figure is $1,779.

The Census Bureau’s median gross rent for a two-bedroom home in Merritt Island is $1,397 (±$98), below the Small Area figure for ZIP 32952.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,779
2 bedrooms, ZIP 32952: $1,730

Fair Market Rents for Merritt Island, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Palm Bay-Melbourne-Titusville, FL MSA (whole area)	$1,327	$1,525	$1,779	$2,382	$2,707	—
ZIP 32952	$1,290	$1,480	$1,730	$2,320	$2,630	$1,494

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

Merritt Island is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

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Questions about Merritt Island

What is the Section 8 payment standard in Merritt Island?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Palm Bay-Melbourne-Titusville, FL MSA is $1,779, and the Small Area figure for 32952 is $1,730.

What is the Fair Market Rent for a two-bedroom in ZIP 32952?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 32952 is $1,730 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,494 (±$176).

What is the Fair Market Rent for a one-bedroom in Merritt Island?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 32952 is $1,480 a month, against $1,525 across the Palm Bay-Melbourne-Titusville, FL MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.