Moving to Merritt Island, Florida: The 2026 Data Guide
As of 2026-09-28, the median home sold in Merritt Island, Florida over the last 12 months went for $428,000 (313 closings across 160 communities in Momentum’s MLS record), about $242 per square foot for a median 1,609-sq-ft home built around 1985. Homes currently listed have been on the market a median of 42 days, and with 135 active listings against that sales pace the city is carrying roughly 5.2 months of supply. Sellers have been getting about 93% of their original asking price. That median is 7% above the median across Momentum’s Florida and Georgia coverage.
Merritt Island right now — September 2026
Live pages for your move: 215 homes for sale in Merritt Island · Luxury homes · Condos (36) · Townhomes (7) · Homes by ZIP (2 ZIPs) · Price reductions · What your budget buys in Brevard County · Cost of living · Best neighborhoods · Property tax · Brevard County homes for sale.
MLS closed sales and live inventory, Momentum Research; refreshed nightly. Updated September 28, 2026.
What your budget buys in Merritt Island
Three price points from 506 recent Merritt Island closings in our record, each showing what actually closed within 10% of that price:
- Around $307,000: the typical sale in this band was a 3-bed, 2-bath home of about 1,480 sq ft, built around 1968 (74 sales).
- Around $428,000: the typical sale in this band was a 3-bed, 2-bath home of about 1,836 sq ft, built around 1987 (70 sales).
- Around $635,000: the typical sale in this band was a 4-bed, 2.5-bath home of about 2,373 sq ft, built around 1995 (66 sales).
The real monthly cost of owning in Merritt Island
Take the median $428,000 home with 20% down at today’s 7.03% 30-year rate: principal and interest run about $2,285/month. Brevard County’s typical total millage is 15.60 mills, so after the $50,000 homestead exemption the property tax is roughly $5,898/year ($492/month) for a new owner — the seller’s capped bill on the listing will be lower and is not your number. Citizens Property Insurance’s average premium in Brevard County is about $2,348/year; private-market quotes vary with roof age and wind mitigation. 50% of current Merritt Island listings carry an HOA, with a median of $262/month where one applies. All in, budget on the order of $3,235/month to own the median Merritt Island home including a typical HOA.
For the full worksheet — taxes by scenario, the homestead exemption, and how the Save Our Homes cap works after year one — see the Brevard County property tax guide and our home insurance by county map.
Where people are buying: Merritt Island’s most active communities
The communities with the most closings in the last 12 months, with each one’s median sale and how long its current listings have been on the market. Every name links to that community’s own guide with live listings.
| Community | Sales (12 mo) | Median | Days listed |
|---|---|---|---|
| Hampton Homes | 23 | $295,000 | 53 |
| Catalina Isle Estates | 22 | $440,000 | 55 |
| Diana Shores | 18 | $715,000 | 40 |
| Island Forest Preserve | 12 | $589,750 | — |
| South Oaks | 12 | $308,500 | — |
| Villa De Palmas Sykes Cove | 12 | $547,500 | — |
| Ridge Manor Estates | 11 | $400,000 | — |
| Savannahs Pud The | 11 | $537,500 | 14 |
Merritt Island by ZIP code
Sales and medians by ZIP over the same 12 months: 32952 (251 sales, median $430,000), 32953 (242 sales, median $443,500), 32901 (12 sales, median $308,500).
What’s for sale: property types, new construction, and age of homes
Of the last 12 months of sales, 83% were single-family homes, 2% townhomes or villas, and 14% condos. New construction accounted for 4% of closings, led by Egret'S Reserve. The housing stock skews older: 8% of homes sold were built in 2015 or later and 41% before 1980.
Getting around from Merritt Island
Measured from the center of Merritt Island’s recent sales: Melbourne is about 20 miles; Orlando International Airport (MCO) is about 38 miles; Downtown Orlando is about 44 miles; Daytona Beach is about 62 miles. Distances are straight-line; drive times depend on the corridor and time of day.
Schools, taxes, and insurance: where to verify
School assignments change; check the Brevard County school grades page for the district’s current grades, and confirm zoning for a specific address directly with the district. Property tax figures on this page use Brevard County’s typical millage of 15.60; municipal and special-district millage varies inside the county. Insurance uses Citizens’ Brevard County average of $2,348/year; a wind-mitigation inspection and roof age can move a private quote a long way in either direction.
Merritt Island: the case for and against
What works in Merritt Island’s favor
- homes move quickly (median 42 days listed), so well-priced homes get competition
- no state income tax, and Florida’s Save Our Homes cap limits assessment growth once you homestead
What to plan for
- property taxes reset to your purchase price, so never budget off the seller’s bill
Your Merritt Island relocation toolkit
- Homes for sale in Merritt Island right now
- Cost of living in Merritt Island
- Best neighborhoods in Merritt Island
- Find an agent in Merritt Island
- Merritt Island ZIP codes with prices
- Search every Merritt Island community
Common questions about moving to Merritt Island
How much does a house cost in Merritt Island, FL?
What does it cost per month to own a home in Merritt Island?
What are property taxes like in Merritt Island?
Is Merritt Island a buyer's or seller's market right now?
Is there a lot of new construction in Merritt Island?
Does Florida have a state income tax?
Sales figures are Momentum Realty’s MLS record of closings in Merritt Island communities over the trailing 12 months (community snapshots as of their last refresh; price-band examples from the most recent closings on file); tax and insurance figures are Brevard County data. Estimates, not guarantees; verify before relying on them. General relocation guidance, not financial advice. Equal Housing Opportunity.