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North Merritt Island CDP, FL

ZIP 32953 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32953

Median Home Value
$394,300
Median Rent
$1,094
Affordability Snapshot
$109,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,533/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

30.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32953 in North Merritt Island CDP, FL, a household would need roughly $109,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,533. That is about 29% above the local median household income ($84,248), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.8%+13% vs US avg
x
Vacancy Rate
16.9%+64% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
31.2%-37% vs US avg
x
Mortgage-Free
45.8%+20% vs US avg
x
$394,300
Home Value
$1,094
Rent
1981
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.7%
  • 1-unit attached2.5%
  • 2-9 units7.4%
  • 10+ units15.2%
  • Mobile home & other7.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$394,300
Median rent$1,094
Owner-occupied73.8%
Vacant16.9%
Price-to-income4.7x
Est. income to buy$109,000