Merritt Island, FL
- Overview
- Performance
- Listings
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Key Performance Metrics
Market snapshotPerformance indicators for the Merritt Island short-term rental market based on reliable data.
Listings
175 / 482
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$37,118
Middle-Earners Revenue
Occupancy
60%
Middle-Earners Occupancy
Home Value
$419,489
Median Home Sale Price
Top Earners
$58,381
Top-Earners Revenue
Merritt Island
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Merritt Island.
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Challenging to Investors
Merritt Island Regulations
Short‑term rentals are technically allowed, but Brevard County’s 90‑day minimum outside limited Resort Dwelling zones makes traditional 30‑day Airbnb/Vrbo rentals effectively illegal in most areas, and only narrow coastal resort zones permit STRs under 90 days. Investors face multi‑layer licensing (FL DBPR), county Business Tax Receipt and TDT registration, strict tax obligations, inspections, and 24/7 responsible‑party and parking rules, creating a high compliance and permitting burden.
Local STR Agent
STR specialist · Merritt Island, FL
About Merritt Island
Merritt Island, Florida, is a unique and appealing destination for short-term rentals due to its strategic location and range of attractions. Located along the Atlantic coast in Brevard County, Merritt Island is home to a population of approximately 34,743 people. This barrier island is around 50 miles east of Orlando, the nearest major city, making it an accessible getaway for both city dwellers and tourists.
One of the most significant landmarks on Merritt Island is the Kennedy Space Center, a major draw for visitors interested in space exploration. The center offers a range of exhibits, tours, and even launch viewings: Kennedy Space Center.
Nature enthusiasts will appreciate the Merritt Island National Wildlife Refuge, which provides ample opportunities for bird watching, hiking, and experiencing local wildlife: Merritt Island National Wildlife Refuge.
For those interested in water activities, the Indian River Lagoon is an attractive option, offering boating, fishing, and paddleboarding: Indian River Lagoon.
The nearby Cocoa Beach, known for its surfing culture and the iconic Cocoa Beach Pier, is another major attraction just a short drive away: Cocoa Beach Pier.
Given its proximity to various recreational sites and its peaceful, scenic environment, Merritt Island is a prime location for short-term rentals, appealing to a wide range of interests from space buffs to outdoor enthusiasts.