HomeFloridaBrevard CountyMerritt Island
Merritt Island, Florida: commercial real estate data.
Merritt Island 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 since FY2020.
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$283,500
- Ninetieth percentile approval$1,173,140
- 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
Counted by borrower city: approvals to borrowers whose address is in Merritt Island, in any county, FY2020 to FY2026. Only 8 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
Counted by borrower city: approvals to borrowers whose address is in Merritt Island, in any county, FY2010 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
- Establishments in Brevard County15,510
- Covered employment, Brevard County242,124
- Average annual pay, Brevard County$68,051
- Housing units permitted, Brevard County4,603
Every figure in this section is published for Brevard County as a whole and is not a measurement of Merritt Island.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $17.6 m since FY2020, across 21 lenders, median approval $283,500, plus 7 504 approvals worth $2.2 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Merritt Island figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.