Foreclosure Homes in Merritt Island, FL

Current Market Conditions in Merritt Island, FL

The real estate market in Merritt Island has witnessed a steady increase in demand, especially due to its proximity to natural attractions and the Kennedy Space Center. Homes in this area tend to retain their value well owing to the consistent interest from buyers looking for a mix of lifestyle and investment opportunities.

Currently, there is a growing trend of families and retirees moving to Merritt Island in search of a quieter yet connected community. New developments are emerging, teamed with good schools and amenities, prompting more homebuyers to consider Merritt Island as a viable option for long-term residence.

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.