The story of this market
The typical home in ZIP 32952 sells for about $600,000, or $194 per square foot.
Prices are roughly flat from a year ago (+0.6%), a market in balance. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,494 a month.
ZIP 32952 — Merritt Island
The 32952 housing market shows resilience with a high median household income and strong demand for waterfront properties. While sales volume has moderated, prices remain stable, supported by limited inventory and the area's appeal to commuters and retirees. Market conditions currently favor sellers, though buyers are finding more choice compared to previous years.
This ZIP is well-suited for families and retirees seeking a waterfront lifestyle, as well as commuters working in the nearby tech and aerospace corridors.
Median prices moved up 0.6% year over year.
Homes spend a median of 70 days on market with 3.4 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 95.62% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 5.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 32952, Brevard County FL
The area is subject to coastal wind and flood risks typical of the Florida Atlantic coast, necessitating careful consideration of property insurance and elevation.
The area benefits from proximity to the regional tech corridor and coastal lifestyle amenities, with ongoing interest in waterfront residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Residents typically commute toward the Melbourne and regional employment hubs, with average commute times around 26 minutes.
The area features extensive access to navigable canals, waterfront parks, and boating facilities, with local shopping and dining options within a short drive.
The rental market is characterized by steady demand driven by the coastal location, with a mix of long-term and seasonal interest.
The local economy is anchored by the aerospace and technology sectors within the broader Palm Bay-Melbourne-Titusville metropolitan area.
The area is primarily car-dependent, relying on regional highway corridors for access to employment centers.
Development is focused on residential infill and the maintenance of waterfront access points.
The Brevard County Property Appraiser manages assessments, focusing on market-value adjustments and homestead exemption compliance.
Parcels are subject to Brevard County school and municipal tax districts, with specific utility service districts for water and sewer.
Property insurance premiums are influenced by regional hazard exposure, with a competitive but hardening market for coastal properties.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major regional nature preserve offering extensive trails and wildlife viewing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.