Home prices
The median home in Merritt Island is valued at $264,600. In comparison to other places in this area it is about $27,460 (11%) higher.In comparison to the country as a whole it is about $47,100 (21%) higher, and is about $24,600 (10%) higher compared to the city of Orlando.
Rents
In Merritt Island the median monthly rent is $1,019. This is roughly $246 (19%) lower in comparison to nearby areas.It is about $43 (4%) lower in comparison to the rest of the country, and is approximately $177 (14%) lower in comparison to the city of Orlando.
Nearby places
Cocoa Beach
Cocoa Beach is Merritt Island's neighbor to the northeast. Its housing prices are somewhat more expensive. The median home cost in Cocoa Beach is $318,000, which is $53,400 (16%) higher than Merritt Island. Rent there is a bit more expensive. In Cocoa Beach the median rent is $1,196 a month, which works out to $177 (14%) higher than Merritt Island.
Rockledge
Rockledge is Merritt Island's neighbor to the west. Real estate prices there are a little less expensive. The median home cost in Rockledge is $204,800, which works out to $59,800 (29%) lower than Merritt Island. The rent there is a little more expensive. In Rockledge the median rent is $1,290 a month, which comes out to $271 (21%) higher than Merritt Island.
Viera East
Viera East is roughly 4 miles southwest from Merritt Island. Its housing prices are pretty similar. The median home price in Viera East is $267,000, which is very similar to Merritt Island. Its rents are a little more expensive. The median rent in Viera East is $1,246 per month, which comes out to $227 (18%) higher than Merritt Island.
Cocoa West
Cocoa West is about 6 miles northwest of Merritt Island. Its housing prices are substantially less expensive. The cost of the median home in Cocoa West is $99,800, which is $164,800 (165%) lower than Merritt Island. Its rents are somewhat less expensive. Cocoa West's median rent is $894 per month, which is $125 (13%) lower than Merritt Island.
Viera West
Viera West is approximately 6 miles southwest of Merritt Island. Housing prices there are a little more expensive. The median home in Viera West is valued at $296,100, which works out to $31,500 (10%) higher than Merritt Island. Rents there are a lot more expensive. Viera West's median monthly rent is $1,701, which works out to $682 (40%) higher than Merritt Island.
