Land and home values in Merritt Island, FL
Merritt Island is a census-designated community in Brevard County, Florida, home to about 34,992 people. Residential land runs about $12.70 per sq ft, the typical home is worth about $407,000, and a 2-bedroom rents for about $1,730 a month, as of October 12, 2026.
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| Land: residential | $12.70 | per sq ft |
| Land: residential | $553,212 | per acre |
| Land: quarter-acre lot | $138,303 | 10,890 sq ft |
| Home: typical (median) | $407,000 | value |
| Home: entry-level | $285,000 | lower quartile |
| Home: upper-end | $635,000 | upper quartile |
| Build new | $157 | per sq ft, no land |
| Rent: 1-bedroom | $1,540 | per month |
| Rent: 2-bedroom | $1,730 | per month |
| Rent: 3-bedroom | $2,430 | per month |
| Rent: 4-bedroom | $2,750 | per month |
| Gross yield, 2-bed | 5.1% | a year |
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Questions people ask
How much is land worth in Merritt Island, FL?
Residential land in Merritt Island, FL is about $12.70 per square foot, or $553,212 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $138,303. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Merritt Island, FL?
The typical (median) home in Merritt Island, FL is worth about $407,000, with entry-level homes around $285,000 and upper-end homes around $635,000, as of October 2026.
How much is rent in Merritt Island, FL?
A 2-bedroom rents for about $1,730 a month in Merritt Island, FL, a 1-bedroom about $1,540 and a 3-bedroom about $2,430 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.