Merritt Island, FL Real Estate

According to census data in the year 2000 there were 15,814 housing units in Merritt Island. This represents a 9.6% growth from 14,424 in 1990.

Of those housing units, 15,808 were located in either urbanized areas or urban clusters, and 6 were located in what is classified as a rural area.

Homeownership rate in Merritt Island is about 74.9%. Merritt Island's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 2.36 people.

The majority of houses, apartments or condos in Merritt Island were built after 1970.


Housing Size

Housing Units by Size
Studio Type2.30%
One Bedroom8.50%
Two Bedrooms19.20%
Three Bedrooms45.40%
Four Bedrooms21.80%
Five Bedrooms or more2.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1971
Median Value of occupied units$118,300
Median Price asked for vacant units$118,800

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1968
Median Monthly Rent asked for vacant units$468

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage8.60%
Home Equity Loan6.80%
Simple Mortgage53.40%
Debt Free31%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.9%