How much do homeowners pay a month in Merritt Island, FL?

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

Homeowners with a mortgage in Merritt Island, FL pay a median of $2,070 (±$145) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $698 (±$43).

51.1% of owned homes carry a mortgage.

In Merritt Island, the median monthly cost with a mortgage went from $1,635 in 2015–2019 to $2,070 in 2020–2024 (+26.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

With a mortgage: $2,070 (±$145)
Without a mortgage: $698 (±$43)
Owned with a mortgage: 51.1%

Monthly owner costs in Merritt Island

Median selected monthly owner costs, estimate (90% margin of error)
	Merritt Island	Brevard County	Florida	United States
With a mortgage	$2,070 (±$145)	$1,805 (±$21)	$1,959 (±$5)	$1,963
Without a mortgage	$698 (±$43)	$608 (±$15)	$673 (±$3)	$638
Owned homes with a mortgage	51.1% (±3.2 points)	56.3% (±1.0 points)	56.3% (±0.2 points)	60.6%
Median real estate taxes (a year)	$2,557 (±$135)	$2,311 (±$40)	$2,730 (±$10)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Merritt Island, the median cost with a mortgage is higher than in Brevard County ($1,805).

It is not measurably different from Florida ($1,959).

It is not measurably different from the national figure ($1,963).

In Brevard County, Merritt Island ranks 13 of 28 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 303 of 830.

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

How owner costs 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 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
Median home value	$264,600 (±$11,133)	$402,900 (±$16,436)	+52.3%	Up 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 monthly cost with a mortgage in places near Merritt Island

Nearest places with a published estimate, compared with Merritt Island
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Merritt Island	—	$2,070 (±$145)	—
Cocoa Beach	3.3 mi	$2,312 (±$168)	Higher
Rockledge	3.9 mi	$1,749 (±$118)	Lower
Viera East	4.0 mi	$1,943 (±$61)	Not measurably different
Tropical Park	5.3 mi	$1,608 (±$481)	Not measurably different
Viera West	5.9 mi	$2,497 (±$183)	Higher
Cocoa West	6.7 mi	$1,407 (±$352)	Lower
Cocoa	7.1 mi	$1,424 (±$86)	Lower
Cape Canaveral	7.2 mi	$1,759 (±$216)	Lower

Nearby places with a measurably lower figure: Rockledge, FL ($1,749), Cocoa West, FL ($1,407), Cocoa, FL ($1,424).

Nearby places with a measurably higher figure: Cocoa Beach, FL ($2,312), Viera West, FL ($2,497).

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

Median monthly cost with a mortgage across Brevard County, place by place

Rank	Place	Median monthly cost with a mortgage
7	South Patrick Shores	$2,325 (±$307)
8	Malabar	$2,316 (±$296)
9	Cocoa Beach	$2,312 (±$168)
10	Melbourne Village	$2,238 (±$491)
11	Indian Harbour Beach	$2,105 (±$202)
12	June Park	$2,076 (±$198)
13	Merritt Island	$2,070 (±$145)
14	West Melbourne	$2,014 (±$124)
15	Viera East	$1,943 (±$61)
16	Palm Shores	$1,840 (±$109)
17	Cape Canaveral	$1,759 (±$216)
18	Rockledge	$1,749 (±$118)
19	Melbourne	$1,689 (±$57)

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.

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Questions about Merritt Island

What is the average mortgage payment in Merritt Island?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Merritt Island, FL is $2,070 (±$145) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Merritt Island?

Owners without a mortgage in Merritt Island pay a median of $698 (±$43) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Merritt Island gone up?

In Merritt Island, the median monthly cost with a mortgage went from $1,635 in 2015–2019 to $2,070 in 2020–2024 (+26.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

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) and detailed tables (acs/acs5) 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 B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

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.