Home values, rents and more in Merritt Island, FL
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Merritt Island in ProMap- Under $290k
- $290k–$370k
- $370k–$440k
- $440k–$490k
- $490k+
- No data
How Merritt Island compares
The typical home in Merritt Island, FL is worth about $430,000, according to the Zillow Home Value Index for September 2026. Home values in Merritt Island are 26% above the typical value in the Palm Bay metro area ($342,000) and 18% above the U.S. typical value ($366,000).
Over the past year, home values in Merritt Island rose 0.8%, compared with −0.5% in the Palm Bay metro area and +1.2% nationally.
Typical rent is $2,221 a month (Zillow Observed Rent Index), 18% above the Palm Bay metro area ($1,887) and 15% above the U.S. ($1,932). Rents rose 4.3% over the past year.
The median household income is $94,012, against $78,476 in the Palm Bay metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 34,992 people live in Merritt Island (American Community Survey 2020–24).
Merritt Island has the 10th-highest typical home value of the 19 cities in the Palm Bay metro area and the 168th-highest of 496 in Florida with Zillow figures.
Part of: Brevard County, FL · Palm Bay metro area · Florida
More for Merritt Island in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Merritt Island, FL
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.