Property prices for rent in Merritt Island (Florida)

The rent prices in real estate in Merritt Island, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,733.5
Average price last 6 months
$24.18
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Merritt Island has had a strong fall during the last 6 months. In December, the average price per sq.feet was $31.76. In the following month the price per sq.feet rose considerably to $46.08. The price for the following two months in (February, March) had a considerable fall of 44 with regard to the previous two months. The price per sq.feet has had a considerable fall of 59 % 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 $27.97 to $16.59 during April, and May.

Average price

When referring to the price in Merritt Island (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $1,676. In January This price remains at $1,683. During the following two months (February, March) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % 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 $2,228 they are 26 % more affordable than the average price for Merritt Island . The properties with the lowest average price have 2 bedrooms, Their price is 25 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,649.

With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of $31 / sq.feet, with an average $1.18 / sq.feet price in Merritt Island. The properties with the most expensive average prices have 2 bedrooms. They are 3544 % more expensive than the average followed by properties with 1 bedroom with a price at $31 / 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 $2,228 it is 25 % more affordable than the average price in Merritt Island. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Townhouse". At a price of $1,662 it is 25 % more affordable than the average price.

According to the average cost per sq.feet, the least affordable property would be "Townhouse" at an average price of $42 / sq.feet followed by "House" priced at $43 / sq.feet. "House" is the most expensive type of property with a $43 / sq.feet value followed by "Townhouse" with an average price of $42 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Merritt Island
Number of properties used in region Florida
$2,228
$1.18
1,066
840,938
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value