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Foreclosure Homes in Merritt Island, FL 32953

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Merritt Island, FL Foreclosures

How much do homes sell for in Merritt Island, FL?
The average home price is currently $519,781.
In Merritt Island, FL, how many homes are available?
There are currently 376 active home listings available in Merritt Island.
What’s the average rental cost in Merritt Island, FL?
The average rental price in Merritt Island is $1,594.
What is the most expensive home in Merritt Island?
The most expensive home sold in Merritt Island had a price of $13,793,160.
What is currently the cheapest priced home in Merritt Island, FL?
The cheapest home for sale in Merritt Island is priced at $20,371.

Living in Merritt Island, FL

Merritt Island is a thriving community nestled along the Indian River Lagoon in Florida. It offers a serene lifestyle with abundant outdoor recreational activities, top-notch education options, and convenient access to shopping and dining. The blend of suburban charm and proximity to nature makes it an attractive place for families and individuals seeking a peaceful yet engaging environment.

Current Market Conditions in Merritt Island, FL

The real estate market in Merritt Island shows a steady increase in property values, driven by a growing demand for family homes in safe and scenic neighborhoods. Historically, the area has witnessed a balanced mix of buyers, including first-time homeowners and retirees, which supports a diverse market.

Recent trends indicate a rise in interest from out-of-state buyers looking for vacation homes or permanent residences in the warmer climate of Florida. The influx of new residents has led to an uptick in new construction projects and renovations of existing homes.

Home Value Estimator For Merritt Island, FL

There are currently 17,829 real estate properties in Merritt Island, FL, with a median automated valuation model (AVM) price of $432,127.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merritt Island, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Merritt Island, FL, is $519,781.00, with the most expensive house in Merritt Island, FL, topping out at $13,793,160.00 and the cheapest home in Merritt Island, FL, clocking in at $20,371.00. In other words, there’s something for every potential homebuyer or savvy investor in Merritt Island, FL!

Rent Prices In Merritt Island, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merritt Island, FL, is on a rollercoaster ride. The average rent price in Merritt Island, FL, is $1,594.00. Indeed, when looking to rent in Merritt Island, FL, you can expect to pay as little as $620.00 or as much as $3,860.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Merritt Island, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Merritt Island, FL 32953 Foreclosures


Market Trend for Merritt Island, FL

Total Listings Available: 376

Market Values:

Home Prices from $20,371 to $13,793,160

Average Sales Price: $519,781

Rental Values:

Rental from $620 to $3,860

Average Rent Value: $1,594 / month

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