The median home in Merritt Island, Florida is valued at $419,545, down 2.6% year over year. Typical monthly rent is $1,796, producing a price-to-rent ratio of 19.5x — near the national average of 18x. Merritt Island is part of the Palm Bay-Melbourne-Titusville, FL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$419,545

-2.6%

Rent$1,796/mo

Prices falling — better for buyers.

Affordability

Enter your income for Merritt Island.

Income (annual)

Down Payment

$83,909 on $419,545

Example: $75,000 household income. Change it above to see your own.

Out of reach44.4% of income

Need $118,800/yr to afford.

PITI$2,772

P/I44.4%

Afford$265K

Gap-$155K

P&I $2,121Tax $301Ins $350

Renting $976/mo cheaper ($1,796 rent)6.50% 30yr, 20% down, county tax + FL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Florida

Compare Merritt Island with other housing markets across Florida.

Jupiter Island$9.49M Golden Beach$7.5M Fisher Island$6.39M Lake Buena Vista$6.09M Jupiter Inlet Colony$3.62M Manalapan$3.57M Golf$2.87M Boca Grande$2.63M

Full Palm Bay-Melbourne-Titusville, FL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Palm Bay-Melbourne-Titusville, FL metro.

View Palm Bay-Melbourne-Titusville, FL metro

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Merritt Island, FL