North Merritt Island vs Cape Coral: Housing
| North Merritt Island | Cape Coral | |
|---|---|---|
| Median Home Value | $525,400 | $373,500 |
| Median Gross Rent | $1,274/mo | $1,858/mo |
| Homeownership Rate | 86.6% | 77.2% |
| Rent as Share of Income | 14.6% | 28.5% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.