HomeFloridaBrevard CountyMerritt Island CDP
Merritt Island CDP, Florida: commercial real estate data.
Merritt Island CDP is a Census CDP of 34,992 people across 16.97 square miles of land, in Brevard County. Median household income is $94,012, 80.0 percent of occupied homes are owned, and the SBA record carries 40 7(a) approvals to borrowers here worth $17.6 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Merritt Island
What Merritt Island is
- Census place typeCDP
- Land area16.97 sq mi
- Water area29.19 sq mi
- Population per square mile of land2,062
- County holding the largest share of its areaBrevard County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Merritt Island
How many people live in Merritt Island
- Population34,992
- Median age50.2
- Population under 186,020
- Share under 1817.2 percent
- Population 65 and over9,659
- Share 65 and over27.6 percent
- Households14,166
- Family households9,680
- Share of households that are families68.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Merritt Island
Income and work in Merritt Island
- Median household income$94,012
- Per capita income$56,114
- Civilian labor force15,716
- Employed15,065
- Unemployed651 plus or minus 275
- Unemployment rate4.1 percent plus or minus 1.7
- Adults 25 and over26,868
- Adults 25 and over with a high school diploma or higher95.2 percent
- Adults 25 and over with a bachelor degree or higher41.0 percent
- Adults 25 and over with a graduate degree17.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Merritt Island
Housing in Merritt Island
- Housing units17,006
- Occupied units14,166
- Vacant units2,840
- Vacancy rate16.7 percent
- Owner occupied11,327
- Renter occupied2,839
- Ownership rate80.0 percent
- Median owner-occupied home value$402,900
- Median gross rent, monthly$1,441
- Annual rent as a share of median income18.4 percent
- Single family units13,470
- Share single family79.2 percent
- Units in buildings of two or more3,040
- Share in buildings of two or more17.9 percent
- Mobile homes476 plus or minus 142
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Merritt Island
How Merritt Island gets to work
- Workers 16 and over who commute12,154
- Commuting under 15 minutes3,221
- Share commuting under 15 minutes26.5 percent
- Commuting 30 minutes or more3,766
- Share commuting 30 minutes or more31.0 percent
- Drove alone72.1 percent
- Carpooled6.4 percent plus or minus 1.7
- Public transport0.3 percent plus or minus 0.3
- Walked0.2 percent plus or minus 0.3
- Worked from home19.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Merritt Island
SBA loans in Merritt Island (7(a))
- Approvals40
- Gross approval$17,612,700
- Average approval$440,318
- Median approval$300,000
- Ninetieth percentile approval$1,187,000
- Largest approval$1,802,000
- Jobs supported677
- Jobs per approval16.9
- Loans with a final outcome8
- Paid in full7
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more22.5 percent
- Share to franchises12.5 percent
- Distinct lenders21
- Distinct industries by NAICS33
A charge-off rate is not published here. only 8 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Merritt Island
SBA loans in Merritt Island (504)
- Approvals7
- Gross approval$2,245,000
- Average approval$320,714
- Median approval$310,000
- Largest approval$657,000
- Jobs supported32
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Brevard County, not Merritt Island
Brevard County context, not Merritt Island figures
These are Brevard County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Merritt Island measurements.
- Establishments in Brevard County15,510
- Employment at those establishments, Brevard County205,503
- Covered employment, Brevard County242,124
- Average annual pay, Brevard County$68,051
- Average weekly wage, Brevard County$1,309
- Housing units permitted, Brevard County4,603
- Of those, single family, Brevard County3,889
- County product, 2024, Brevard County$43,482,320,000
- County product change over the prior year, Brevard County7.1 percent
- Average income of an arriving household, Brevard County$87,320
Every figure in this section is published for Brevard County as a whole and is not a measurement of Merritt Island. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Merritt Island questions, answered from the record.
How many people live in Merritt Island, Florida?
34,992, in 14,166 households. Merritt Island CDP covers 16.97 square miles of land, which is 2,062 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Merritt Island in?
Brevard County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Merritt Island?
$94,012. The median owner-occupied home is valued at $402,900. Median gross rent is $1,441 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Merritt Island businesses?
40 7(a) approvals totalling $17.6 m, across 21 lenders, median approval $300,000, plus 7 504 approvals worth $2.2 m. These count approvals to borrowers whose address is in Merritt Island, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Merritt Island borrowers get paid back?
No rate is published for Merritt Island. only 8 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Merritt Island figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Brevard County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Merritt Island.
Is zoning published for Merritt Island?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.