514 Palm Ave · Merritt Island, FL
Flood risk 7/10 · Major
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.75%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
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
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.
Questions for the listing agent
- 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?
- 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?
- Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- IRR
- -14.7%
- Equity multiple
- 0.46×
- Total profit
- $-43,016
- Equity at exit
- $42,494
- 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
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
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$446
- Net cashflow
- $-71
Break-even live
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-23days on market $285,000 Active 96 DOM
-
2026-06-22days on market $285,000 Active 95 DOM
-
2026-06-18days on market $285,000 Active 92 DOM
-
2026-06-17days on market $285,000 Active 91 DOM
-
2026-06-16days on market $285,000 Active 90 DOM
-
2026-06-15days on market $285,000 Active 89 DOM
-
2026-06-14days on market $285,000 Active 87 DOM
-
2026-06-10days on market $285,000 Active 84 DOM
-
2026-06-08days on market $285,000 Active 82 DOM
-
2026-06-07days on market $285,000 Active 81 DOM
-
2026-06-05days on market $285,000 Active 78 DOM
-
2026-06-03days on market $285,000 Active 77 DOM
-
2026-06-02days on market $285,000 Active 76 DOM
-
2026-06-01days on market $285,000 Active 75 DOM
-
2026-05-31days on market $285,000 Active 74 DOM
-
2026-05-31days on market $285,000 Active 73 DOM
-
2026-05-19price $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.
-
2026-05-19price $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.
-
2026-05-09price $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.
-
2026-05-09price $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.
-
2026-04-13price $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.
-
2026-04-13price $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.
-
2026-03-19price $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.
-
2026-03-19price $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.
-
2026-03-18$315,000 Active
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2026-03-13$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.
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2009-11-03soldstatus $60,000
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2009-10-30soldstatus $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
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2008-04-18$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
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2004-11-08soldstatus $92,500
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2002-06-14soldstatus $46,000
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1987-09-01soldstatus $38,500
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1983-06-01soldstatus $36,000
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1982-01-01soldstatus $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
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
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
- 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
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
- 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 |
|---|---|---|
| Industrial Technology | 2 | $29B |
|
||
| Insurance | 2 | $17B |
|
||
| Retail | 1 | $60B |
|
||
| Technology Distribution | 1 | $58B |
|
||
| Homebuilding | 1 | $35B |
|
||
| Technology Manufacturing | 1 | $35B |
|
||
Price history
+650.0% since first listed18 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%/yrLatest (2025): $846 · +11.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…