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Merritt Island, FL Housing

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As of 2010-2014, median price of a house in Merritt Island is $172,500, which is higher than the state average of $156,200 and is about the same as the national average of $175,700. The Merritt Island median house value has grown by 45.82% since 2000. The growth rate for the price of a house in Merritt Island is lower than the state average rate of 48.06% and is about the same as the national average rate of 46.91%. The median year that a house in Merritt Island was built is 1973, which is older than the median year for a house built in the state which is 1985 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 10,891 Owner Occupied Houses in Merritt Island, FL, #297

Merritt Island, FL	172,500 USD
Florida	156,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #360

Merritt Island, FL	45.82%
Florida	48.06%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Merritt Island, FL	Florida	U.S.
Total Housing Units	16,799, see rank, 100%	9,051,851	132,741,033
Occupied Housing Units	14,410, 85.78%, see rank	79.74%	87.55%
Owner Occupied	10,891, 64.83%, see rank	52.73%	56.34%
Renter Occupied	3,519, 20.95%, see rank	27.01%	31.21%
Vacant Housing Units	2,389, 14.22%, see rank	20.26%	12.45%
For Rent	400, 2.38%, see rank	2.97%	2.34%
For Sale Only	468, 2.79%, see rank	1.66%	1.20%
Rented or Sold, Not Occupied	65, 0.39%, see rank	1.21%	0.92%
For Seasonal, Recreational, or Occasional Use	695, 4.14%, see rank	9.84%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.04%	0.03%
Other Vacant	761, 4.53%, see rank	4.54%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #731

Merritt Island, FL	Florida	U.S.
1973	1985	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Merritt Island, FL	%	Florida	U.S.
Owner-Occupied Units	10,891	100%	4,772,944	74,787,460
With a Mortgage	6,433	59.07%, see rank	61.11%	65.58%
Without a Mortgage	4,458	40.93%, see rank	38.89%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Merritt Island, FL	1,556 USD
Florida	1,480 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Merritt Island, FL	%	Florida	U.S.
$299 or Less	23	0.36%, see rank	0.21%	0.20%
$300 to $499	96	1.49%, see rank	1.53%	1.59%
$500 to $699	218	3.39%, see rank	5.00%	5.01%
$700 to $999	943	14.66%, see rank	14.91%	14.32%
$1,000 to $1,499	1,760	27.36%, see rank	29.50%	27.90%
$1,500 to $1,999	1,525	23.71%, see rank	21.21%	20.35%
$2,000 to $2,999	1,204	18.72%, see rank	18.45%	19.52%
$3,000 or More	664	10.32%, see rank	9.20%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Merritt Island, FL	23.90% of the Total Income
Florida	26.90% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Merritt Island, FL	%	Florida	U.S.
10% or Less	516	8.02%, see rank	4.76%	5.86%
10% to 20%	1,948	30.28%, see rank	25.89%	31.95%
20% to 30%	1,683	26.16%, see rank	25.92%	27.64%
30% to 40%	704	10.94%, see rank	14.93%	13.74%
40% or More	1,513	23.52%, see rank	27.62%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Merritt Island, FL	474 USD
Florida	469 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Merritt Island, FL	%	Florida	U.S.
$199 or Less	634	14.22%, see rank	9.06%	7.76%
$200 to $299	349	7.83%, see rank	13.71%	14.70%
$300 to $499	1,435	32.19%, see rank	32.19%	34.63%
$500 to $699	1,137	25.50%, see rank	22.09%	21.16%
$700 or More	903	20.26%, see rank	22.95%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Merritt Island, FL	12.60% of the Total Income
Florida	13.30% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Merritt Island, FL	%	Florida	U.S.
10% or Less	1,756	39.39%, see rank	36.34%	40.19%
10% to 20%	1,228	27.55%, see rank	31.41%	31.47%
20% to 30%	723	16.22%, see rank	12.98%	12.24%
30% to 40%	300	6.73%, see rank	6.40%	5.64%
40% or More	356	7.99%, see rank	10.85%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Merritt Island, FL	Florida	U.S.
Total Housing Units	16,799, 100%	9,051,851	132,741,033
1-unit, Detached	12,518, 74.52%, see rank	54.16%	61.65%
1-unit, Attached	307, 1.83%, see rank	6.28%	5.82%
2 Units	196, 1.17%, see rank	2.17%	3.75%
3 or 4 Units	196, 1.17%, see rank	3.85%	4.43%
5 to 9 Units	491, 2.92%, see rank	5.03%	4.78%
10 or More Units	2,422, 14.42%, see rank	19.24%	13.08%
Mobile Home, Boat, RV, Van, etc.	669, 3.98%, see rank	9.28%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Merritt Island, FL	Florida	U.S.
Total Housing Units	16,799, 100%	9,051,851	132,741,033
1 Room	154, 0.92%, see rank	1.65%	1.95%
2 Rooms	122, 0.73%, see rank	2.16%	2.48%
3 Rooms	1,078, 6.42%, see rank	10.38%	9.13%
4 Rooms	2,190, 13.04%, see rank	21.92%	16.60%
5 Rooms	3,456, 20.57%, see rank	23.70%	20.41%
6 Rooms	3,509, 20.89%, see rank	17.82%	18.06%
7 Rooms	2,398, 14.27%, see rank	10.59%	12.27%
8 Rooms	2,032, 12.10%, see rank	6.13%	8.48%
9 Rooms or More	1,860, 11.07%, see rank	5.66%	10.60%
Median Rooms	5.90, see rank	5.10	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Merritt Island, FL	Florida	U.S.
Total Housing Units	16,799, 100%	9,051,851	132,741,033
No Bedroom	164, 0.98%, see rank	1.80%	2.17%
1 Bedroom	1,094, 6.51%, see rank	10.62%	11.16%
2 Bedrooms	3,014, 17.94%, see rank	33.79%	26.69%
3 Bedrooms	7,999, 47.62%, see rank	38.45%	39.70%
4 Bedrooms	3,972, 23.64%, see rank	12.90%	16.05%
5 or More Bedrooms	556, 3.31%, see rank	2.45%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Merritt Island, FL	Florida	U.S.
Total Housing Units	14,410, 100%	7,217,508	116,211,092
Utility Gas	2,136, 14.82%, see rank	4.53%	48.85%
Bottled, Tank, or LP Gas	176, 1.22%, see rank	1.12%	4.86%
Electricity	11,900, 82.58%, see rank	92.30%	36.68%
Fuel Oil, Kerosene, etc.	11, 0.08%, see rank	0.22%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	26, 0.18%, see rank	0.20%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.04%	0.47%
No Fuel Used	161, 1.12%, see rank	1.56%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Merritt Island, FL	Florida	U.S.
Occupied Units Paying Rent	3,206, 100%	2,322,949	39,201,928
$199 or Less	0, 0.00%, see rank	1.03%	1.50%
$200 to $299	46, 1.43%, see rank	1.85%	3.18%
$300 to $499	190, 5.93%, see rank	3.93%	7.37%
$500 to $699	527, 16.44%, see rank	11.03%	16.01%
$700 to $999	1,200, 37.43%, see rank	32.44%	29.17%
$1,000 to $1,499	930, 29.01%, see rank	34.44%	26.88%
$1,500 to $1,999	107, 3.34%, see rank	10.35%	9.79%
$2,000 or More	206, 6.43%, see rank	4.93%	6.10%
Median	$902, see rank	$998	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Merritt Island, FL	Florida	U.S.
Occupied Housing Units	14,410, 100%	7,217,508	116,211,092
No Vehicles Available	810, 5.62%, see rank	7.09%	9.12%
1 Vehicles Available	5,138, 35.66%, see rank	41.49%	33.80%
2 Vehicles Available	5,946, 41.26%, see rank	37.93%	37.48%
3 or More Vehicles Available	2,516, 17.46%, see rank	13.49%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.