Median home value: $420K (-2.6% YoY). Rent: $1,796/mo. Price-to-rent: 19.5x. Part of Palm Bay-Melbourne-Titusville, FL.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Palm Bay-Melbourne-Titusville, FL metro page.
Home Value$419,545
-2.6%
Rent$1,796/mo
AFFORDABILITYRenting $867/mo cheaper ($1,796 rent)6.00% 30yr, 20% down, county tax + FL ins. 28% per HUD.
Enter your income for Merritt Island.
$83,909 on $419,545
Out of reach — 42.6% of income
Need $114,129/yr to afford.
PITI$2,663
P/I42.6%
Afford$276K
Gap-$144K
P&I $2,012Tax $301Ins $350
Home Buying Kit For Dummies (2025)Financing, negotiation, closing