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514 Palm Ave
D Composite 41.95
Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +13.2/30.0
  • ARV discount +7.5/15.0
  • Schools +4.7/10.0
  • Rent growth +4.1/5.0
  • DSCR +4.0/10.0
  • Livability +3.5/5.0
  • 1% rule +2.5/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$285,000

514 Palm Ave · Merritt Island, FL 32952
3 bd · 2.0 ba · 861 sqft · SingleFamily public records · 96 Days on market
Built 1959 7,405 sqft lot

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

Key facts

  • Remodeled kitchen
  • Stainless appliances
  • Granite counters

Tags

REMODELED CONCRETE BLOCK HOMESCREEN ENCLOSED FRONT PORCHREMODELED KITCHENGRANITE COUNTERSSTAINLESS APPLIANCESFULLY FENCED YARD

Property features AI

Finance

  • Other: Lot approximately 0.17 acres (76 x 100, asphalt road); Universal property ID on file; Property zoning: RU19
  • Financial info: No lease restrictions noted
  • HOA & community: No HOA association indicated; Pets allowed

Exterior

  • Parking: Driveway; 1-car carport
  • Security: Smoke detector(s)
  • Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
  • Home design: Single-family residence; One story; Faces south; Homestead eligible
  • Construction: Block and stucco construction; Shingle roof; Slab foundation; Built with 1,399 total building area (public records)
  • Exterior features: Front porch; Rear porch; Porch; Patio; Screened porch; Sliding doors; Wood fencing; Shed(s)

Interior

  • Kitchen: Dishwasher; Range; Microwave; Refrigerator; Electric water heater
  • Bedrooms: 4 bedrooms
  • Flooring: Tile
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Central heating (electric); Central air conditioning
  • Interior features: Ceiling fans; Eat-in kitchen; Open floor plan; Split bedroom layout; Smoke detector(s)
  • Laundry & utility: Washer hookup; Dryer hookup (electric); Laundry inside

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $285k.

Deal economics

  • At list price, monthly cash flow is $-71 ($-857/yr) — negative.
  • To cash-flow at today's rent, offer at most $272k (4.4% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (25.4% below list).
  • Recommended offer: $213k (25.4% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 70/100 on livability (#441 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety D-.
  • Brevard (suburban): math 53% / reading 57% proficiency, ranked #19 of 73 in FL (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Tropical Elementary School (math 60% / reading 64%, grade B, #608 of 2,144 statewide, top 29%, 671 students, 51% FRL); Thomas Jefferson Middle School (math 63% / reading 55%, grade B, #144 of 571 statewide, top 26%, 608 students, 43% FRL); Merritt Island High School (math 32% / reading 55%, grade F, #248 of 667 statewide, top 38%, 1,546 students, 35% FRL) — zoned schools at 43% FRL track the district average.
  • Market conditions: Rents rising fast (+6.5%/yr); 231 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
  • Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

  • It's been on market 96 days — a 9% lower offer ($259k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 18y ago; this cycle's ask has dropped $30k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $60k; list at $285k implies a 375% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $212,519 (25.4% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
  3. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.75%
Cap rate
6.27%
Cash-on-cash
-0.07%
DSCR
1.00
GRM
11.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.53% rent growth · sell at horizon

5-year hold
IRR
-14.7%
Equity multiple
0.46×
Total profit
$-43,016
Equity at exit
$42,494
10-year hold
IRR
-1.5%
Equity multiple
0.88×
Total profit
$-9,240
Equity at exit
$24,642

Cash invested: $79,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Florida
87 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

ZIP-level market 32952

Rents YoY
6.5%
Active inventory
231
Price-to-rent
11.2×

Monthly cashflow live

Estimated rent
$2,125 high interval (Pro) →
Mortgage (P&I)
$1,495
Tax from tax record
$71 /mo · $846/yr
Insurance
$119
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$0
Vacancy / Maint / Mgmt
$446
Net cashflow
$-71

Break-even live

Break-even rent $2,216
Max offer price $272,391
Occupancy floor 98%

Sensitivity live

Price -10% $90 -5% $9 +0% $-71 +5% $-152 +10% $-233
Rent -10% $-239 -5% $-155 +0% $-71 +5% $13 +10% $97
Rate -1.0pp $72 -0.5pp $1 base $-71 +0.5pp $-145 +1.0pp $-220

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$71,250
Closing costs
$8,550
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 10 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
480 Nancie Ave Merritt Island, FL 3.0 2.0 888 $2,100 $2.36 26d 1 0.20mi
1200 S Courtenay Pkwy Merritt Island, FL 1.0–2.0 1.5–2.0 812 $1,625 $2.00 17d 7 0.78mi
205 Palmetto Ave Merritt Island, FL 2.0 2.0 1033 $1,625 $1.57 26d 2 0.80mi
225 S Tropical Trl Merritt Island, FL 1.0–2.0 1.0–2.0 779 $2,800 $3.59 17d 4 0.82mi
225 S Tropical Trl Merritt Island, FL 1.0–2.0 1.0–2.0 779 $2,800 $3.59 26d 4 0.82mi
388 Hibiscus Ave Merritt Island, FL 2.0 1.0 720 $1,650 $2.29 26d 1 1.11mi
55 Needle Blvd Merritt Island, FL 2.0 1.5 900 $1,525 $1.69 26d 2 1.24mi
55 Needle Blvd Merritt Island, FL 2.0 1.5 900 $1,545 $1.72 17d 2 1.24mi
50 Needle Blvd #28 Merritt Island, FL 2.0 1.5 900 $1,550 $1.72 26d 1 1.29mi
140 Minna Ln Merritt Island, FL 2.0 1.0 775 $1,250 $1.61 17d 1 1.44mi

Listing history 34 events

  1. 2026-06-23
    days on market $285,000 Active 96 DOM
  2. 2026-06-22
    days on market $285,000 Active 95 DOM
  3. 2026-06-18
    days on market $285,000 Active 92 DOM
  4. 2026-06-17
    days on market $285,000 Active 91 DOM
  5. 2026-06-16
    days on market $285,000 Active 90 DOM
  6. 2026-06-15
    days on market $285,000 Active 89 DOM
  7. 2026-06-14
    days on market $285,000 Active 87 DOM
  8. 2026-06-10
    days on market $285,000 Active 84 DOM
  9. 2026-06-08
    days on market $285,000 Active 82 DOM
  10. 2026-06-07
    days on market $285,000 Active 81 DOM
  11. 2026-06-05
    days on market $285,000 Active 78 DOM
  12. 2026-06-03
    days on market $285,000 Active 77 DOM
  13. 2026-06-02
    days on market $285,000 Active 76 DOM
  14. 2026-06-01
    days on market $285,000 Active 75 DOM
  15. 2026-05-31
    days on market $285,000 Active 74 DOM
  16. 2026-05-31
    days on market $285,000 Active 73 DOM
  17. 2026-05-19
    price $285,000
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  18. 2026-05-19
    price $285,000 965-char remark
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  19. 2026-05-09
    price $289,900
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  20. 2026-05-09
    price $289,900 965-char remark
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  21. 2026-04-13
    price $295,000
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  22. 2026-04-13
    price $295,000 965-char remark
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  23. 2026-03-19
    price $299,900
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  24. 2026-03-19
    price $299,900 965-char remark
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  25. 2026-03-18
    listed $315,000 Active
  26. 2026-03-13
    listed $315,000 Active 965-char remark
    Show marketing remark (965 chars)

    Fantastic opportunity to own a remodeled concrete block home in South Merritt Island. Open floor plan and tile floors throughout. Enter though screen enclosed front porch. Large living room opens to remodeled kitchen with wood cabinetry, granite counters and stainless appliances Refrigerator 2024. Room for a café table or butcherblock island. Home can function as a 4 bed/2 bath or 3 bed with extra-large family room (used to have a pool table!). Both bathrooms remodeled. Indoor laundry, washer and dryer included. 2024 HWH. Sliders exit to screen enclosed porch overlooking fully fenced yard. Storage shed on concrete slab. Double gate on west side with large side yard for boat storage. BRAND NEW Interior Electrical panel and Exterior 150 amp Service Panel. AC 2020 on an FPL lease and maintenance program. Excellent Roof 2017. 1 car carport. Peaceful neighborhood close to shops, restaurants, A rated Tropical Elementary, and Jefferson Middle Schools.

  27. 2009-11-03
    soldstatus $60,000
  28. 2009-10-30
    soldstatus $60,000 142-char remark
    Show marketing remark (142 chars)

    tenant occupied month to month. remodeled throughout. Newer kitchen and tile. Large lotconverted garage could be a 4th bedroomowner lic. agent

  29. 2008-04-18
    listed $70,000 142-char remark
    Show marketing remark (142 chars)

    tenant occupied month to month. remodeled throughout. Newer kitchen and tile. Large lotconverted garage could be a 4th bedroomowner lic. agent

  30. 2004-11-08
    soldstatus $92,500
  31. 2002-06-14
    soldstatus $46,000
  32. 1987-09-01
    soldstatus $38,500
  33. 1983-06-01
    soldstatus $36,000
  34. 1982-01-01
    soldstatus $38,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

Current annual tax
$846 · $71/mo
Projected year-2 tax
$2,366 · $197/mo
Expected delta
+$1,519/yr (+$127/mo · 179.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 75% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$25,502
− Mortgage interest
−$15,964
− Property taxes
−$846
− Insurance
−$2,222
− Repairs & maintenance
−$2,040
− Management
−$2,040
− Depreciation
−$8,291
Taxable loss
−$5,902
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,416
After-tax cash flow
$560/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Brevard
NCES district ID
1200150
Math proficiency
53% ▼ -9.00%
Reading proficiency
57% ▼ -4.00%
Median HH income
$49,426
Composite
46.86/100
National rank
#2370
State rank
#19 of 73 in FL

Livability — Merritt Island

Score
70/100
State rank
#441
US rank
#7878

Category grades

Amenities F Commute F Cost of living C+ Crime A+ Employment A- Housing A+ Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Merritt Island, FL
County
Brevard County · 602,871 people
City population
46,372
Metro
Palm Bay-Melbourne-Titusville, FL
Population (ZIP)
21,613
Household income
$102,726
Rent vs Own
16.0% rent · 84.0% own
Severe rent burden
199.0

Population outlook (Brevard County) Hauer SSP2

Today (2025)
623,254 people
By 2030
648,420 · +4.0%
By 2040
690,009 · +10.7%
By 2050
715,669 · +14.8%
By 2075
775,744 · +24.5%
By 2100
776,687 · +24.6%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (85%)
Race & ethnicity
White 85% Hispanic / Latino 6% Two or more races 6% Asian 2% Black 2%
Hispanic origin (detail)
Puerto Rican 4% Cuban 1%
Common ancestry
Romanian 3% Slovak 2% Lithuanian 1%
Foreign-born
5% · Canada, China
Languages at home
92% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Brevard

2024 margin
Strong R (+20.8) · D 39.1% · R 59.9% · Other 1.0%
2008→2024 swing
-10.4pp toward R · 2008: -10.4pp · 2024: -20.8pp
All cycles
2024: R+20.8 2020: R+16.4 2016: R+19.8 2012: R+12.7 2008: R+10.4

Not yet ingested

Civics

Market trends

HPI YoY
▼ -177.56%
Current HPI
323.6021
Rent YoY
▲ 6.53%
Metro
Palm Bay-Melbourne-Titusville, FL
State GDP YoY
▲ 3.28%
F500 in state
36

Industry mix (Fortune 500 HQ in FL)

Industry F500 HQs Revenue

Price history

+650.0% since first listed
18 events — show timeline
  • 2026-05-19 Price Changed $285,000 Stellar MLS as Distributed by MLS Grid
  • 2026-05-19 Price Changed $285,000 SCMLS
  • 2026-05-09 Price Changed $289,900 Stellar MLS as Distributed by MLS Grid
  • 2026-05-09 Price Changed $289,900 SCMLS
  • 2026-04-13 Price Changed $295,000 Stellar MLS as Distributed by MLS Grid
  • 2026-04-13 Price Changed $295,000 SCMLS
  • 2026-03-19 Price Changed $299,900 Stellar MLS as Distributed by MLS Grid
  • 2026-03-19 Price Changed $299,900 SCMLS
  • 2026-03-18 Listed $315,000 Stellar MLS as Distributed by MLS Grid
  • 2026-03-13 Listed $315,000 SCMLS
  • 2009-11-03 Sold (Public Records) $60,000 Public Records
  • 2009-10-30 Sold (MLS) $60,000 SCMLS
  • 2008-04-18 Listed $70,000 SCMLS
  • 2004-11-08 Sold (Public Records) $92,500 Public Records
  • 2002-06-14 Sold (Public Records) $46,000 Public Records
  • 1987-09-01 Sold (Public Records) $38,500 Public Records
  • 1983-06-01 Sold (Public Records) $36,000 Public Records
  • 1982-01-01 Sold (Public Records) $38,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $846 · +11.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…