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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 32953, which covers North Merritt Island, is $1,560 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 North Merritt Island is $1,180 (±$250), below the Small Area figure for ZIP 32953.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,779
2 bedrooms, ZIP 32953: $1,560

Fair Market Rents for North 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 32953 (42% of the ZIP’s land is in this place)	$1,160	$1,340	$1,560	$2,090	$2,370	$1,345

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.

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

What you can do on Seayora in North 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 North Merritt Island beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near North 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 North Merritt Island, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about North Merritt Island

What is the Section 8 payment standard in North 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 32953 is $1,560.

What is the Fair Market Rent for a two-bedroom in ZIP 32953?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 32953 is $1,560 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,345 (±$79).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 32953 is $1,340 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.