Housing & Real Estate — Merritt Island, Florida
Overview
| Total Housing Units | 16,816 |
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| Occupied | 13,867 |
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| Vacant | 2,949 |
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| Owner-Occupied | 11,227 |
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| Renter-Occupied | 2,640 |
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| Median Home Value (Census) | $402,900 |
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| Estimated 2026 | ~$462,000 |
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| Median Rent | $1,348/mo |
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| Median Property Tax | $2,557/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 17.2% |
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| Severely Rent-Burdened | 44.1% |
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Housing Age
| Built 2010 or later | 618 |
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| Built 2000-2009 | 1,848 |
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| Built 1990-1999 | 1,394 |
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| Built before 1960 | 1,686 |
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| Median Year Built | 1974 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
