What is the median home value in Merritt Island, FL?

Name: Home values in Merritt Island, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Merritt Island, FL is $402,900 (±$16,436), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Merritt Island, the median home value went from $264,600 in 2015–2019 to $402,900 in 2020–2024 (+52.3%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $402,900 (±$16,436)
Owner-occupied homes: 11,327 (±670)
Most common range: $300,000 to $499,999

Home values in Merritt Island

Owner-occupied homes by value, 2020–2024
Value	Merritt Island	Brevard County	Florida	United States
Less than $50,000	3.0% (±0.8 points)	3.8%	4.9%	5.3%
$50,000 to $99,999	1.6% (±0.9 points)	2.7%	4.3%	6.1%
$100,000 to $149,999	4.1% (±1.7 points)	4.8%	4.6%	6.8%
$150,000 to $199,999	6.1% (±1.8 points)	7.3%	6.8%	9.0%
$200,000 to $299,999	16.0% (±2.4 points)	22.7%	17.9%	17.8%
$300,000 to $499,999	38.8% (±3.3 points)	36.9%	34.5%	26.9%
$500,000 to $999,999	24.3% (±2.7 points)	18.6%	21.1%	20.9%
$1,000,000 or more	6.2% (±1.4 points)	3.2%	5.9%	7.1%

The most common range is $300,000 to $499,999, 38.8% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Merritt Island against Brevard County, its state and the nation

Estimate (90% margin of error)
	Merritt Island	Brevard County	Florida	United States
Median home value	$402,900 (±$16,436)	$339,600 (±$3,715)	$359,000 (±$930)	$332,700
Owner-occupied homes	11,327 (±670)	197,609 (±2,066)	5,918,647 (±31,594)	84,210,142

In Merritt Island, the median home value is higher than in Brevard County ($339,600).

It is also higher than in Florida ($359,000).

It is higher than the national figure ($332,700).

In Brevard County, Merritt Island ranks 12 of 28 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 278 of 838.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Merritt Island have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$264,600 (±$11,133)	$402,900 (±$16,436)	+52.3%	Up after inflation
Median owner cost with a mortgage	$1,635 (±$60)	$2,070 (±$145)	+26.6%	No measurable change after inflation
Median real estate taxes	$2,145 (±$107)	$2,557 (±$135)	+19.2%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Merritt Island

Nearest places with a published estimate, compared with Merritt Island
Place	Distance	Median home value	Compared with this place
Merritt Island	—	$402,900 (±$16,436)	—
Cocoa Beach	3.3 mi	$503,200 (±$41,186)	Higher
Rockledge	3.9 mi	$338,100 (±$9,116)	Lower
Viera East	4.0 mi	$396,700 (±$18,685)	Not measurably different
Tropical Park	5.3 mi	$307,100 (±$53,698)	Lower
Viera West	5.9 mi	$546,600 (±$34,586)	Higher
Cocoa West	6.7 mi	$158,700 (±$51,330)	Lower
Cocoa	7.1 mi	$246,100 (±$18,840)	Lower
Cape Canaveral	7.2 mi	$372,400 (±$24,718)	Lower

Nearby places with a measurably lower figure: Rockledge, FL ($338,100), Tropical Park, FL ($307,100), Cocoa West, FL ($158,700).

Nearby places with a measurably higher figure: Cocoa Beach, FL ($503,200), Viera West, FL ($546,600).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Brevard County, place by place

Rank	Place	Median home value
6	Cocoa Beach	$503,200 (±$41,186)
7	Satellite Beach	$502,500 (±$34,515)
8	Malabar	$451,100 (±$22,318)
9	South Patrick Shores	$443,600 (±$25,527)
10	Indian Harbour Beach	$440,200 (±$32,928)
11	June Park	$411,200 (±$28,756)
12	Merritt Island	$402,900 (±$16,436)
13	Viera East	$396,700 (±$18,685)
14	Melbourne Village	$385,000 (±$26,458)
15	West Melbourne	$377,100 (±$26,243)
16	Cape Canaveral	$372,400 (±$24,718)
17	Palm Shores	$351,600 (±$18,750)
18	Rockledge	$338,100 (±$9,116)

Showing 13 of 28 places in Brevard County, ranked from highest to lowest.

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

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Merritt Island

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Merritt Island beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Merritt Island, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Merritt Island, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Merritt Island

What is the average home value in Merritt Island, FL?

The Census Bureau publishes the median: $402,900 (±$16,436) for owner-occupied homes in Merritt Island (2020–2024 American Community Survey).

Have home values in Merritt Island gone up?

In Merritt Island, the median home value went from $264,600 in 2015–2019 to $402,900 in 2020–2024 (+52.3%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Merritt Island sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Merritt Island CDP, Florida (place:44275, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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.