$339,000
3 bd2 ba1,730 sqft
285 Hickory Ave
Merritt Island, FL Housing Market
$430,609
0.5% 1-yrThe average Merritt Island, FL home value is $430,609, up 0.5% over the past year, and homes go to pending in around 38 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Merritt Island Key Takeaways
Typical Home Values: $430,609
1-Year Value Change: +0.5%
(Data through August 31, 2026)
Merritt Island Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 297 ()
New Listings: 72 ()
Median Sale to List Ratio: 0.976 ()
Median Sale Price: $456,667 ()
Median List Price: $484,117 ()
Percent of Sales Over List Price: 9.9% ()
Percent of Sales Under List Price: 75.0% ()
Median Days to Pending: 38 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Merritt Island
- NameMedian ZHVI
- Sharpes--
- Angel City$424,305
- South Patrick Shores$452,633
- June Park$380,689
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Merritt Island Rental Market Trends
Average Rent: $2,253 ()
National Average Rent: $1,948 ()
Month-Over-Month Change: -1% ()
Year-Over-Year Change: 3.5% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Merritt Island, FL?
The median home value in Merritt Island, FL is $430,609 as of August 2026. This represents a 0.2% increase compared to last month and a 0.5% increase year-over-year.
How have home values changed in Merritt Island, FL?
Home values in Merritt Island, FL have increased by 0.2% month-over-month and 0.5% year-over-year.
How do home values in Merritt Island, FL compare to Brevard County, Florida, and the national average?
The median home value in Merritt Island, FL ($430,609) compares to: Brevard County ($341,942), Florida ($375,470), and the U.S. national median ($368,697).
