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
| Merritt Island | Brevard County | Florida | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 18.3% (±5.7 points) | 10.8% (±1.1 points) | 7.6% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.7% (±1.4 points) | 1.0% (±0.2 points) | 1.4% (±0.1 points) | 0.9% |
| Vacant housing units | 2,840 (±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
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Merritt Island | — | 18.3% (±5.7 points) | — |
| Cocoa Beach | 3.3 mi | 15.1% (±8.8 points) | Not measurably different |
| Rockledge | 3.9 mi | 10.7% (±5.0 points) | Lower |
| Viera East | 4.0 mi | 7.0% (±9.8 points) | Not measurably different |
| Tropical Park | 5.3 mi | 5.8% (±6.8 points) | Lower |
| Viera West | 5.9 mi | 0.0% (±3.2 points) | Lower |
| Patrick AFB | 6.7 mi | 0.0% (±9.8 points) | Lower |
| Cocoa West | 6.7 mi | 10.9% (±8.3 points) | Not measurably different |
| Cocoa | 7.1 mi | 24.0% (±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
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Sharpes | 28.1% (±20.5 points) |
| 2 | North Merritt Island | 24.5% (±16.8 points) |
| 3 | Cocoa | 24.0% (±5.0 points) |
| 4 | Cape Canaveral | 23.9% (±6.4 points) |
| 5 | Melbourne Beach | 22.4% (±24.6 points) |
| 6 | Mims | 20.1% (±16.5 points) |
| 7 | Merritt Island | 18.3% (±5.7 points) |
| 8 | Titusville | 17.9% (±4.8 points) |
| 9 | Cocoa Beach | 15.1% (±8.8 points) |
| 10 | Cocoa West | 10.9% (±8.3 points) |
| 11 | Rockledge | 10.7% (±5.0 points) |
| 12 | Indian Harbour Beach | 7.5% (±8.8 points) |
| 13 | Viera East | 7.0% (±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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Merritt Island CDP, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Merritt Island CDP, Florida
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.
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 .
Related
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- Population growth in Merritt Island
- How long people stay in Merritt Island
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- Fair Market Rent in Merritt Island
- Florida landlord and tenant rules
- Housing across Brevard County
- Florida places ranked by rental vacancy rate
- Housing data for every place in Florida