What is the rental vacancy rate in Merritt Island, FL?

The rental vacancy rate in Merritt Island, FL is 18.3% (±5.7 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.7% (±1.4 points).

2,840 (±433) homes, 16.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Merritt Island, the rental vacancy rate went from 16.1% in 2015–2019 to 18.3% in 2020–2024 (+2.2 percentage points), not a measurable change.

Figures last updated on .

Rental vacancy rate
18.3% (±5.7 points)
Homeowner vacancy rate
1.7% (±1.4 points)
Vacant homes
2,840 (±433)

Vacancy in Merritt Island against Brevard County, its state and the nation

Estimate (90% margin of error)
Merritt IslandBrevard CountyFloridaUnited States
Rental vacancy rate18.3% (±5.7 points)10.8% (±1.1 points)7.6% (±0.2 points)5.5%
Homeowner vacancy rate1.7% (±1.4 points)1.0% (±0.2 points)1.4% (±0.1 points)0.9%
Vacant housing units2,840 (±433)41,610 (±1,774)1,503,660 (±20,826)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Merritt Island, the rental vacancy rate is higher than in Brevard County (10.8%).

It is also higher than in Florida (7.6%).

It is higher than the national figure (5.5%).

Rental vacancy rate in places near Merritt Island

Nearest places with a published estimate, compared with Merritt Island
PlaceDistanceRental vacancy rateCompared with this place
Merritt Island—18.3% (±5.7 points)—
Cocoa Beach3.3 mi15.1% (±8.8 points)Not measurably different
Rockledge3.9 mi10.7% (±5.0 points)Lower
Viera East4.0 mi7.0% (±9.8 points)Not measurably different
Tropical Park5.3 mi5.8% (±6.8 points)Lower
Viera West5.9 mi0.0% (±3.2 points)Lower
Patrick AFB6.7 mi0.0% (±9.8 points)Lower
Cocoa West6.7 mi10.9% (±8.3 points)Not measurably different
Cocoa7.1 mi24.0% (±5.0 points)Not measurably different

Nearby places with a measurably lower figure: Rockledge, FL (10.7%), Tropical Park, FL (5.8%), Viera West, FL (0.0%).

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

Rental vacancy rate across Brevard County, place by place

RankPlaceRental vacancy rate
1Sharpes28.1% (±20.5 points)
2North Merritt Island24.5% (±16.8 points)
3Cocoa24.0% (±5.0 points)
4Cape Canaveral23.9% (±6.4 points)
5Melbourne Beach22.4% (±24.6 points)
6Mims20.1% (±16.5 points)
7Merritt Island18.3% (±5.7 points)
8Titusville17.9% (±4.8 points)
9Cocoa Beach15.1% (±8.8 points)
10Cocoa West10.9% (±8.3 points)
11Rockledge10.7% (±5.0 points)
12Indian Harbour Beach7.5% (±8.8 points)
13Viera East7.0% (±9.8 points)

Showing 13 of 29 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

Is it hard to find a rental in Merritt Island?

The rental vacancy rate in Merritt Island, FL is 18.3% (±5.7 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Merritt Island tighter than it was?

In Merritt Island, the rental vacancy rate went from 16.1% in 2015–2019 to 18.3% in 2020–2024 (+2.2 percentage points), not a measurable change.

How many homes are vacant in Merritt Island?

An estimated 2,840 (±433) housing units, 16.7% of the total, including seasonal homes and homes waiting to be sold or rented.

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 DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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.

Figures last updated on .

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