Real Estate Market Update for 32953 (Merritt Island, FL)
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was up 29% from one year earlier, and down 25% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 440-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 280-thousand dollars. The number of units sold increased 100% year-over-year, and increased 33% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 32953 (Merritt Island, FL)
Area Information for 32953 (Merritt Island, FL)
  • Population: 23,241
  • Median Age: 48.76 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 720/sq mi
  • Population Change Since 2000: 7.3%
  • Closest Airport: Melbourne International
  • Closest College: Everest University-melbourne Campus
  • Closest Jr. College: Brevard Community College-cocoa
  • Median Household Income: $52,493
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $180,000
  • Closest Major Sports Team: Gulf Coast Nationals (r)
  • Change Avg. Household Income Since 2000: 21.26%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 32953 (Merritt Island, FL)
Median Age: 48.76 Married: 41% Number of Households: 9,774 Households with Children: 2,279
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 32953 (Merritt Island, FL)

      School Name Distance Type Grades School Rating Parent Rating
      Alpha Academy 2.8 mi Private PRESCHOOL-6 0 0
      Calvary Chapel Christian School 3.1 mi Private PRESCHOOL-1 0 0
      Christian Heritage Academy 3.5 mi Private K-12 0 0
      Lewis Carroll Elementary School 4.8 mi Public K-6 4 0
      Divine Mercy Catholic Academy 5.0 mi Catholic PRESCHOOL-8 0 0
      Merritt Island High School 6.1 mi Public 9-12 3 0
      Pillar Institute 6.5 mi Private K-12 0 0
      Faith Lutheran School & Day Care 7.0 mi Private - 0 0
      Edgewood Jr/sr High School 7.0 mi Public 7-12 5 4
      Mila Elementary School 7.1 mi Public PRESCHOOL-6 2 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 32953 (Merritt Island, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.