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Merritt Island, FL Properties

1,494 of 37,350 results

Find, analyze, and compare Merritt Island, FL investment properties, including off-market opportunities and residential homes with value-add potential. Merritt Island offers a diverse housing market with single-family homes, and vacant properties. Investors can explore potential investment opportunities for long-term rentals (LTRs) throughout Florida. Explore housing market trends in Merritt Island, where up-and-coming neighborhoods may offer potential for passive rental income and other investment strategies. Property Intel by Whitepages makes it easy to analyze market trends, uncover off-market properties, compare neighborhood benchmarks, and access owner contact information to help you find the best investment properties in Merritt Island, FL for your real estate goals.

In Merritt Island, the median property value currently stands at $423,996, reflecting a 12.01% year-over-year increase based on recent sales. The 5-year appreciation forecast estimates values reaching $645,873 (a 0.01% gain). The housing market includes a total of 40,479 houses.The median home in Merritt Island has 1,743 square feet of living space, priced at a median of $240 per square foot with a median year built of 1979. For long-term rental properties in Merritt Island, the median annual gross rental income is $30,600 (or $2,550/month) with estimated operating expenses of $8,696, resulting in an approximate gross cap rate of 5.38%.

Property Intel by Whitepages helps investors and homeowners explore the Merritt Island area by offering market analysis tools, neighborhood benchmarks, owner contact information, and interactive maps. These tools support research into investment properties, including foreclosure data and off-market listings in Merritt Island, FL.

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FLMerritt Island

Housing Market Trends & Statistics for Merritt Island, Florida

Median Property Value
$423,996
Total number of Properties
40,479
Median Living Space
1,743 sq ft
Median Year Built
1979 (46 years)
5-Year Appreciation Forecast
$645,873
Median Lot Size
10,454 sq ft
Average Ownership
1 year 1 month
for Merritt Island, FL
  • Est. Rental Income
    $30,600 ($2,550 per month)
  • Net Operating Income
    $21,904 ($1,825 per month)
  • Cap Rate
    5.38%

Find Investment Properties in Merritt Island

Nearby Cities

  1. Rockledge Investment Properties
  2. Cape Canaveral Investment Properties
  3. Cocoa Beach Investment Properties
  4. Cocoa Investment Properties
  5. Satellite Beach Investment Properties
  6. Melbourne Investment Properties
  7. Indian Harbour Beach Investment Properties
  8. Titusville Investment Properties
  9. Indialantic Investment Properties
  10. West Melbourne Investment Properties

Nearby Neighborhoods

  1. Catalina Isle Estates in Merritt Island, FL
  2. Hampton Homes in Merritt Island, FL
  3. Indianola in Merritt Island, FL
  4. Angel City in Merritt Island, FL
  5. Historic Cocoa Village in Cocoa, FL
  6. Diamond Square in Cocoa, FL
  7. Cocoa West in Cocoa, FL
  8. Cape Canaveral in Cocoa Beach, FL
  9. Cocoa North in Cocoa, FL
  10. Georgiana in Merritt Island, FL

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