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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 8.50% |
| Two Bedrooms | 19.20% |
| Three Bedrooms | 45.40% |
| Four Bedrooms | 21.80% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 53.40% |
| Debt Free | 31% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
