Market Summary

Merritt Island, Brevard County, FL

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Median Home Price Price

$421,007 $421K

Median Monthly Rent Rent

$1,596 $1.6K

GRM

22.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Brevard County

Region Price Rent GRM Display
$355,915 $1,956 15.0x
$511,115 $2,255 19.0x
$391,013 $2,066 16.0x
$450,893 $1,947 19.0x
$268,932 $1,596 14.0x
$291,959 $1,349 18.0x

Home prices

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Monthly rent

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GRM

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Similar markets within FL outside of Brevard County

Region Price Rent GRM Display
$283,984 $1,668 14.0x
$308,725 $1,578 16.0x
$239,968 $1,109 18.0x
$331,867 $1,574 18.0x
$300,469 $1,376 18.0x
$302,121 $1,390 18.0x
$334,203 $1,544 18.0x
$350,776 $1,577 19.0x
$343,492 $2,102 14.0x
$692,627 $2,875 20.0x
$283,169 $1,603 15.0x
$371,503 $2,241 14.0x
$613,865 $2,432 21.0x
$292,447 $1,560 16.0x
$481,557 $2,016 20.0x
$354,249 $1,178 25.0x
$310,074 $1,716 15.0x
$316,567 $1,315 20.0x
$224,204 $1,695 11.0x
$392,566 $2,358 14.0x
$287,069 $1,428 17.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of FL

Region Price Rent GRM Display
$526,813 $2,185 20.0x
$291,794 $1,609 15.0x
$491,107 $1,578 26.0x
$315,981 $1,539 17.0x
$571,341 $2,192 22.0x
$491,574 $1,970 21.0x
$303,097 $1,779 14.0x
$632,392 $1,676 31.0x
$269,255 $1,847 12.0x

Home prices

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Monthly rent

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GRM

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Merritt Island

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Trend Insights

Median Rent in Merritt Island, FL is $1,596, with MoM change +$7 and YoY change +$7 pointing to positive momentum while volatility is low (std $9).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Merritt Island, FL.

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Metric
Base market Merritt Island, FL
Compare market Select a market
Delta vs base
Median rent
$1,596
N/A
Median price
$421,007
N/A
YoY change
+$7
N/A
Price-to-rent
22.0x
Data unavailable
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