Merritt Island Village
Homes for Sale in Merritt Island, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Space Coast MLS
Merritt Island Village is a community in Merritt Island, Brevard County, FL. Across Merritt Island as a whole, 267 homes closed in the last 12 months at a median of $439,900, 49 median days on market, with 71 homes for sale today. At that median and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,860 ($6,240 with the full homestead exemption).
This is a small, tightly defined pocket of Merritt Island: 32 homes, all built in a narrow window from 1961 to 1963, with a median living area of roughly 1,200 square feet. When the stock is this uniform in age and size, price is driven almost entirely by condition and updates rather than square footage or floor plan. Two homes on the same street can sit far apart in value depending on roof, systems, and kitchens.
As of July 2026 there are zero active listings. That tells you two things. Inventory turns over rarely here, so a buyer needs patience and a standing alert rather than a weekend of showings. And a seller who lists into an empty field has real leverage on timing - but still has to price to condition, because there is no comparable range to hide a tired house inside.
The 60-Second Overview
Merritt Island Village is a compact enclave of early-1960s single-story homes in Brevard County, small enough that every sale moves the read on the whole community. With just over a third of homes carrying a homestead exemption, this is a mixed owner-occupant and investor block rather than a pure primary-residence street.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Merritt Island Village is best for.
Best for
- Patient buyers who can set an alert and wait for a rare listing in a 32-home enclave
- Renovation-minded buyers with a budget for roof and systems on an early-1960s house
- Investors comfortable with a mixed owner-occupant and rental block and no HOA rules
Probably not for
- Buyers who need to close soon and cannot wait out zero active listings
- Anyone wanting a large or newer floor plan than a ~1,200-square-foot 1962 build
- Buyers who want community amenities or a managed HOA maintaining shared facilities
The market around Merritt Island Village
Merritt Island Village is too small for its own price trend, so here is the market around it.
Across Brevard County, 3,585 homes are active and 1,397 pending (28% under contract).
ZIP and county figures describe the wider market, not Merritt Island Village specifically. Momentum Research analysis of MLS records.
The Merritt Island Village buying strategy.
If we were buying in Merritt Island Village today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Merritt Island Village.
A condition market, not a square-footage market
Everything here was built within a three-year span around 1962, and the median footprint sits near 1,200 square feet. That homogeneity is the whole story: you are not choosing between eras or wildly different sizes, you are choosing between a house that has been reworked and one that has not. Updated systems, roof age, and finished-out interiors are what separate one price from another, so a serious inspection and a clear-eyed renovation budget matter more here than in a neighborhood with more variety.
No community amenities show up in current MLS listings - no HOA package, no shared facilities to underwrite or maintain. What you get is the underlying land and the house on it, in a fixed Merritt Island location. For a buyer that keeps carrying costs simple; for a seller it means the home itself has to do all the work of standing out.
The location and the amenities are priced into every listing in Merritt Island Village. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A 32-home pocket with no active listings is exactly the kind of market that rewards local relationships and hurts anyone waiting on a public search. We track condition and turnover at the individual-home level here, so we can tell a buyer whether a given house is priced for its updates or its age, and tell a seller how to position into thin inventory without leaving room on the table.
Merritt Island Village in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Merritt Island Village buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Merritt Island Village sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Merritt Island Village, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Merritt Island Village home worth?
Get a no-obligation home value based on real comparable sales in Merritt Island Village, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Merritt Island →
Recently off market in Merritt Island Village
Homes in Merritt Island Village that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 340 Schoolhouse Lane · off market
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Brevard County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Brevard County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Merritt Island Village Market Scorecard
Merritt Island Village is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.
Typical home value in the 32953 ZIP is $426,993, right around the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Based on information from the Space Coast MLS for the period 2026 through 2026-09-12. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
How many homes are in Merritt Island Village?
What share of Merritt Island Village is owner-occupied?
When were the homes in Merritt Island Village built?
Who is the best real estate agent for Merritt Island Village?
How do I find a top Merritt Island real estate agent who knows Merritt Island Village?
Can Momentum Realty connect me with an agent for Merritt Island Village?
Should you buy in Merritt Island Village?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Merritt Island Village with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 12, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (community parcel extract) |
| Under-contract shares | Space Coast MLS records, as of 2026-07-12 |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Merritt Island Village fits the bigger picture — live prices, inventory, and Momentum Scores: