N Banana River Dr / E Merritt Island Cswy median real estate price is $214,669, which is more expensive than 55.6% of the neighborhoods in Florida and 56.8% of the neighborhoods in the U.S.
The average rental price in N Banana River Dr / E Merritt Island Cswy is currently $1,167, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.7% of Florida neighborhoods.
N Banana River Dr / E Merritt Island Cswy is a suburban neighborhood (based on population density) located in Merritt Island, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
N Banana River Dr / E Merritt Island Cswy real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the N Banana River Dr / E Merritt Island Cswy neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in N Banana River Dr / E Merritt Island Cswy. The current real estate vacancy rate here is 25.1%. This is higher than the rate of vacancies in 91.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.