Current Price

$427,666

1 Month Forecast

â–² $433,268

1-Year Forecast *

â–² $464,362

5-Year Forecast *

â–² $494,924

"Is it a good time to buy homes in Merritt Island?" "Does investing in real estate in Merritt Island (Florida State, Brevard County) worth it?" According to our live Forecast System, buying a house in Merritt Island is a acceptable short-term (1-year) investment*. The Merritt Island average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Merritt Island" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Merritt Island in Florida State, Brevard County. If you are looking for homes for sale with good flipping profit, Merritt Island can be a profitable property investment option. The median price of an average house in Merritt Island was 427,666 USD on 2026-02-15. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Merritt Island" area is 494,924 USD by 2031-02-15. For a 5-year investment the profit is expected to be around +15.73% meaning that investing 100000 USD today may yield a profit of 15,727 USD by 2031.

Current Median Listing Price: 427,666 USD Median Listing Price Per Square Foot: 238 USD

Merritt Island Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Merritt Island (Florida State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Merritt Island Price Target

Merritt Island median home price target in 12 months: $464,362* (upside of 8.6%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $443,076 $430,546 $430,546 $443,076
2024 $435,657 $427,666 $427,666 $436,771
2023 $425,337 $435,498 $423,098 $435,498
2022 $371,345 $427,063 $371,345 $428,676
2021 $314,692 $364,967 $314,692 $364,967
2020 $284,151 $309,588 $284,151 $309,588
2019 $271,538 $281,561 $271,538 $281,561
2018 $257,474 $270,552 $257,474 $270,552
2017 $235,569 $255,756 $235,569 $255,756
2016 $218,477 $234,351 $218,477 $234,351
2015 $194,094 $217,066 $194,094 $217,066
2014 $177,871 $191,705 $177,871 $191,705
2013 $157,527 $175,882 $157,527 $175,882
2012 $150,779 $155,952 $150,464 $155,952

Questions & Answers about the Merritt Island Housing Market Forecast

How much does an average home cost in Merritt Island today?

The value of an average home (the listing price) in Merritt Island is $427,666 USD.

What is the average price per square foot in Merritt Island?

According to Walletinvestor the median price per square foot in Merritt Island is 238 USD.

Will the median listing price of homes in Merritt Island grow / rise / go up?

Yes. The Merritt Island home prices may rise from 427,666 USD to 464,362 USD in one year.

Is it profitable to invest in Merritt Island homes?

Yes. The long-term profit potential is +8.58% in one year.

Will Merritt Island house prices fall / drop?

No. See above.

What is the predicted price of a Merritt Island home in 2030?

The predicted home sales price of a Merritt Island home in 2030 in Merritt Island is 482,994 USD.

What is the predicted price of a Merritt Island home in 2035?

The predicted home sales price of a Merritt Island home in 2035 in Merritt Island is 527,498 USD.

Will real estate prices decrease in Merritt Island?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Merritt Island is the 1356. largest city in the United States, located in Florida State.

During the last 12 months the real estate prices in Brevard, Merritt Island decreased, looking at the past 12 months.

According to Walletinvestor's Merritt Island real estate market research, home values will increase in the next 12 months.

Median home values decreased by 3.342% to 427,666 USD, between 2025-02-15 and 2026-02-15

The average annual profit of property investment was:

  • 8.930% in 2021
  • 9.470% in 2022
  • 10.140% in 2023
  • 7.650% in 2024
  • 10.560% in 2025
  • 9.140% in 2026

Based on our Merritt Island real estate market research and report the predicted sales prices will increase by 127.781% in the next 10 years.

Over the last 12 months, the value of homes in Merritt Island fluctuated: decreasing 5 times.

Merritt Island (Florida) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Merritt Island Housing Market Forecast with Real Estate Prices for 2025
August 2025 433268 403806 462730
September 2025 436006 402434 469579
October 2025 438762 396641 480883
November 2025 441535 403122 479949
December 2025 444326 412779 475873
Merritt Island Housing Market Forecast with Real Estate Prices for 2026
January 2026 447135 419859 474410
February 2026 449961 418014 481908
March 2026 452805 410241 495369
April 2026 455667 428327 483007
May 2026 458547 425990 491104
June 2026 461445 431451 491439
July 2026 464362 417926 510798
August 2026 467297 425708 508887
September 2026 470251 445798 494704
October 2026 473223 436312 510134
November 2026 476214 448117 504311
December 2026 479224 455263 503185
Merritt Island Housing Market Forecast with Real Estate Prices for 2027
January 2027 481508 436727 526288
February 2027 481295 457230 505359
March 2027 480876 434712 527040
April 2027 480573 451739 509408
May 2027 479696 438442 520950
June 2027 477758 440015 515500
July 2027 475944 440724 511164
August 2027 475243 441501 508985
September 2027 475727 435290 516163
October 2027 477175 439955 514395
November 2027 479513 437316 521710
December 2027 482248 435952 528544
Merritt Island Housing Market Forecast with Real Estate Prices for 2028
January 2028 484930 454864 514995
February 2028 486798 462458 511138
March 2028 488011 446042 529980
April 2028 488602 441696 535508
May 2028 489172 447103 531241
June 2028 489350 450691 528009
July 2028 489707 457876 521538
August 2028 490251 460345 520156
September 2028 490601 465090 516112
October 2028 490121 458753 521489
November 2028 488274 452142 524407
December 2028 486301 456151 516452
Merritt Island Housing Market Forecast with Real Estate Prices for 2029
January 2029 484554 444336 524772
February 2029 483558 451643 515472
March 2029 482795 450930 514659
April 2029 481674 453737 509611
May 2029 480635 434974 526295
June 2029 483673 438207 529138
July 2029 482994 443389 522600
August 2029 481301 439909 522693
September 2029 479357 446281 512432
October 2029 477420 436839 518001
November 2029 475491 439354 511628
December 2029 473570 443261 503878
Merritt Island Housing Market Forecast with Real Estate Prices for 2030
January 2030 476563 440821 512305
February 2030 479575 442648 516503
March 2030 482607 451720 513493
April 2030 485657 454089 517225
May 2030 488727 451583 525870
June 2030 491816 459848 523784
July 2030 494924 453351 536498
August 2030 498053 457212 538893
September 2030 501201 472632 529769
October 2030 504369 458975 549762
November 2030 507556 465937 549176
December 2030 510765 468371 553158
Merritt Island Housing Market Forecast with Real Estate Prices for 2031
January 2031 513993 464136 563850
February 2031 517242 488793 545690
March 2031 520511 488239 552783
April 2031 523801 484516 563086
May 2031 527112 496539 557684
June 2031 529623 485135 574112
July 2031 529389 483332 575446
August 2031 528929 497722 560135
September 2031 528596 495823 561369
October 2031 527631 485420 569841
November 2031 525499 491867 559131
December 2031 523504 497329 549679
Merritt Island Housing Market Forecast with Real Estate Prices for 2032
January 2032 522733 475164 570301
February 2032 523265 473031 573498
March 2032 524858 491267 558449
April 2032 527429 494729 560130
May 2032 530438 484290 576586
June 2032 533387 499784 566991
July 2032 535442 507599 563285

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.