Property prices for rent in Merritt Island (Florida)

The rent prices in real estate in Merritt Island, in the Florida region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.

$2,425.5
Average price last 6 months
$1.65
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Merritt Island has risen during the last 6 months. In January, the average price per sq.feet was $1.58. In the following month the price per sq.feet fell to $1.5. In the following two months the price per sq.feet has risen 109 %, going from $1.54 to $1.67 per sq.feet. The price per sq.feet has risen 108 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.61 to $1.74 during May, and June.

Average price

When referring to the price in Merritt Island (cities), this has risen in the last 6 months. The average price for January is $2,322. During February the price had a slight fall till $2,061. During the following two months (March, April) the price has had an average rise from $2,191.5 to $2,424.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 115 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,456 they are 39 % more affordable than the average price for Merritt Island . The properties with the highest average price have 4 bedrooms, Their price is 18 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,520.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.63 / sq.feet price in Merritt Island. The properties with the most expensive average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,456 it is 35 % more affordable than the average price in Merritt Island. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $2,091 it is 8 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $1 / sq.feet followed by "Townhouse" priced at $5 / sq.feet. "Commercial" is the most expensive type of property with a $6 / sq.feet value followed by "Townhouse" with an average price of $5 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Merritt Island
Number of properties used in region Florida
$2,456
$1.63
660
1,074,248
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
3 Bed, 2 Bath New Home Plan In Merritt Island, Fl
 16
3 Bed, 2 Bath New Home Plan In Merritt Island, Fl
$503,900
Merritt Island, Florida - For Sale - House - 2,066 sq.feet - 3 bedrooms - 2 bathrooms
In the community of the island forest preserve. This plan home is priced from $503,900 and has 3 bedrooms, 2 baths, is 2,066 square feet, and has a 2-car garage. The island forest...
3 Bed, 2 Bath New Home Plan In Merritt Island, Fl
 33
3 Bed, 2 Bath New Home Plan In Merritt Island, Fl
$503,900
Merritt Island, Florida - For Sale - House - 2,044 sq.feet - 3 bedrooms - 2 bathrooms
In the community of the island forest preserve. This plan home is priced from $503,900 and has 3 bedrooms, 2 baths, is 2,044 square feet, and has a 2-car garage. The island forest...
3 Bed, 2 Bath New Home Plan In Merritt Island, Fl
 35
3 Bed, 2 Bath New Home Plan In Merritt Island, Fl
$505,900
Merritt Island, Florida - For Sale - House - 2,151 sq.feet - 3 bedrooms - 2 bathrooms
In the community of the island forest preserve. This plan home is priced from $505,900 and has 3 bedrooms, 2 baths, is 2,151 square feet, and has a 2-car garage. The island forest...
4 Bed, 3 Bath New Home Plan In Merritt Island, Fl
 36
4 Bed, 3 Bath New Home Plan In Merritt Island, Fl
$522,900
Merritt Island, Florida - For Sale - House - 2,286 sq.feet - 4 bedrooms - 3 bathrooms
In the community of the island forest preserve. This plan home is priced from $522,900 and has 4 bedrooms, 3 baths, is 2,286 square feet, and has a 2-car garage. The island forest...
4 Bed, 3 Bath New Home Plan In Merritt Island, Fl
 19
4 Bed, 3 Bath New Home Plan In Merritt Island, Fl
$527,900
Merritt Island, Florida - For Sale - House - 2,427 sq.feet - 4 bedrooms - 3 bathrooms
In the community of the island forest preserve. This plan home is priced from $527,900 and has 4 bedrooms, 3 baths, is 2,427 square feet, and has a 3-car garage. The island forest...