Merritt Island vs Cape Coral: Housing
| Merritt Island | Cape Coral | |
|---|---|---|
| Median Home Value | $402,900 | $373,500 |
| Median Gross Rent | $1,441/mo | $1,858/mo |
| Homeownership Rate | 80.0% | 77.2% |
| Rent as Share of Income | 18.4% | 28.5% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.