How much does it cost to buy a house in Merritt Island, FL?

In July 2026 Merritt Island homes were listed to buy for a median price of $492K, which is a 8% decrease to June 2025 last month, and a 8% decrease to July 2025 last year. The median value of a home listed to buy in Merritt Island in July 2026 was $241 per sqft, which is a 8% decrease to June 2025 last month, and a 7% decrease to July 2025 last year.

Is it affordable or expensive to live in Merritt Island, FL?

It is expensive to live in Merritt Island. Buying a home in Merritt Island is 1% more expensive compared with the national average.

Is it a good time to buy property in Merritt Island, FL?

Yes now is a good time to buy property in Merritt Island, in July 2026, homes in Merritt Island have decreased in value (price per sqft) by 7% in the last year compared with July 2025.

Are home prices dropping in Merritt Island, FL?

Home price are dropping in Merritt Island, in July 2026, homes to buy in Merritt Island have decreased in median list price by 1% compared with June 2026, one month ago.

Is the Merritt Island, FL housing market slowing down?

The housing market in Merritt Island is slowing down. In July 2026, homes to buy in Merritt Island spent an median 74 days on the market, a 35% decrease from July 2025 last year.

What are the best and safest places to live in Merritt Island, FL?

The best and safest neighborhoods to live in Merritt Island in July 2026 are Lansing Island, Banana River Park, Marsh Harbor, Chelsea Park, Oleander Pointe, Montecito, Stoneybrook, Ashwood Lakes, Wickham Forest, Alamanda Key, Shorewood Condominiums, Catalina Isle Estates, Avalon Park, Oceanfront, Harbor Isles, Ocean Woods, Lake Washington Townhomes, Rockledge Country Club Estates, Snug Harbor Village, Palm Bay Colony

How much money should I make to buy a house in Merritt Island, FL?

In July 2026, Merritt Island homes were listed to buy for a median price of $492K, with 25% down you would need $2.79K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $95.6K.

Is it a good time to sell my house in Merritt Island, FL?

Yes now is a good time to sell your house in Merritt Island, in July 2026, homes in Merritt Island have decreased in value (price per sqft) by 7% in the last year compared with July 2025.

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Merritt Island, FL Real Estate Snapshot

List Price

$499,900

$/Sqft

$243

Homes For Sale

385

Home Size

1,868 Sqft

Days on Movoto

Frequently Asked Questions about Merritt Island, FL

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