Rent to own Homes in Merritt Island, FL
The Sunshine State! Make a home near the beautiful beaches at Cocoa Beach, enjoy the wildlife at the many refuges and lounge in warmth in Merritt Island, FL. This small city, located in the popular vacation state of Florida, offers a laid-back place to live nearby of one of NASA's greatest space centers. Close to big cities but away from it all; you can live on the ocean while being able to drive back to the mainland.
Merritt Island, FL is a great place for affordable rent-to-own homes! With a median household income of over $72,961 and a median rent of $1,032, the Merritt Island, FL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Merritt Island, FL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Merritt Island, FL Property Resources
Rent to own Homes in Cities Near Merritt Island, FL
- Cape Canaveral
- Christmas
- Cocoa
- Cocoa Beach
- Cocoa West
- Indialantic
- Indian Harbour Beach
- June Park
- Malabar
- Melbourne
- Melbourne Beach
- Melbourne Village
- Merritt Island
- Mims
- North Merritt Island
- Palm Bay
- Palm Shores
- Patrick AFB
- Port St. John
- Rockledge
- Satellite Beach
- Sharpes
- South Patrick Shores
- Titusville
- Tropical Park
- Viera East
- Viera West
- West Canaveral Groves
- West Melbourne
Neighborhoods in Merritt Island, FL
Rio Vista rent to own homes Tropic Point Waterfront Estates rent to own homes Barony Estates rent to own homes Bel Aire rent to own homes Bevis rent to own homes Brentwood rent to own homes Buttonwood Manor rent to own homes Carlton Groves rent to own homes Carlton Groves South One rent to own homes Carlton Grove Number rent to own homesPopular Zip Codes in Merritt Island, FL
32952 rent to own homesBuying a Home in Merritt Island, FL
Merritt Island, FL is seeing rapid growth and Merritt Island, FL's' housing market remains not optimal with an average home price that is 37% above the 2024 national average. Merritt Island, FL is part of Brevard county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Brevard is 0.87% which is below the national average, which is 0.99%.
Median Home Price in Merritt Island, FL
Median Rent in Merritt Island, FL
5 Reasons to Live in Sunny Merritt Island, FL
Island living! Merritt Island is a small island off the coast of Florida that's been turned into a peninsula via the Crawlerway installed by NASA. Enjoy making your home on a beautiful island-like setting while also enjoying the convenience of driving to Melbourne and Titusville. Surrounded by water on three sides, including the Atlantic Ocean and the Banana River Lagoon, Merritt Island offers beach living without the hassle. rent to own homes are also found here, with many single-family homes offering this option.
A great place to stay: While many people consider Merritt Island a vacation spot, it's also a great place to put down roots. Over the last 12 years, homes for sale in this city have increased in value by an average of over $40,000, making staying in the area a good bet for those who want to invest in real estate. A short average commute, as well as recreation spots such as Honeymoon Lake and the Savannahs Golf Course add to the benefits of living in Merritt Island.
Love the wildlife: Also located on Merritt Island is the Merritt Island National Wildlife Refuge, which is an important location for many species of animals that live in marshy and wetlands areas. Some of the refuge's residents include sea turtles, bald eagles and Florida panthers. Most people have full access to the wildlife refuge during the daylight hours, making the area a great place for wildlife lovers. For another side of wildlife, check out the nearby Black Point Wildlife Drive.
Close to cities: While Merritt Island itself may not be full of hustle and bustle, it is close to bigger cities. Nearby Titusville and Palm Bay both offer plenty of options for shopping and employment and the area is close to the vacation spot of Cocoa Beach, which is also a busy area. Enjoy the relative quiet of your beach life while still being close to all the amenities of the city.
Space coast: Live in the astronauts' footprints in Merritt Island, FL. Merritt Island is the site of NASA's John F. Kennedy Space Center and was the spot where many of the space shuttle launches took place until 2011. The Space Center is still an active space for visitors as the Visitor Complex offers tours; many come here to see the history of the US space program.