Merritt Island, FL Real Estate
According to census data in the year 2000 there were 15,814 housing units in Merritt Island.
This represents a 9.6% growth from 14,424 in 1990.
Of those housing units, 15,808 were located in either urbanized areas or urban clusters, and 6 were located in what is classified as a rural area.
Homeownership rate in Merritt Island is about 74.9%.
Merritt Island's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Merritt Island were built after 1970.
|Housing Units by Size|
|Five Bedrooms or more||2.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.46|
|Median year structure was built||1971|
|Median Value of occupied units||$118,300|
|Median Price asked for vacant units||$118,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.07|
|Median year structure was built||1968|
|Median Monthly Rent asked for vacant units||$468|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||6.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.9%|