ZIP Code · FL

ZIP 32953

Part of Merritt Island, FL

Pop. 24,759·Brevard County·244th most expensive ZIP in Florida

Median rent (all units)

$2,248/mo

Year-over-Year

+6.0%

Month-over-Month

+1.1%

vs US Median

+$316

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 32953 · $2,248

More expensive than 72% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,130

1 BR

$1,310

2 BR

$1,520

3 BR

$2,070

4 BR+

$2,350

Research median

$1,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 32953 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Florida

Rent in ZIP 32953 changed +6.0% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 5 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($87,262) is $2,182 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,070); a 4-bedroom is $2,350.

Cheaper nearby

ZIP 32922, 5 miles away, rents for 43% less ($1,279/mo), about $11,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32953. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,976/yr

At $2,248/mo median

Location

CityMerritt Island

StateFL

CountyBrevard County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.0% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 32953 (Merritt Island, FL) is majority owner-occupied, has a large retiree population, 34.5% of residents hold a bachelor's degree or higher.

Population

24,759

Median income

$87,262

Median age

49.1

Renters

26.1%

Age distribution

19.1%

16.6%

22.1%

16%

26.1%

Under 1819.1%

18–3416.6%

35–5422.1%

55–6416%

65+26.1%

Gender

50.9%

49.1%

Male50.9%

Female49.1%

Race & ethnicity

80.4%

White80.4%

Black6.1%

Hispanic12%

Asian2.9%

Education (25+)

25.1%

35.9%

34.5%

No HS diploma4.6%

HS diploma25.1%

Some college35.9%

Bachelor's+34.5%

Housing tenure

73.9%

26.1%

Owner73.9%

Renter26.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 32953 in Merritt Island, FL has changed in 5 years

Rent

$1,854 → $2,248

up 21.3%

Income

$75,188 → $87,262

up 16.1%

Population

23,853 → 24,759

up 3.8%

Renter share

23.1% → 26.1%

+3.0 pts

Bachelor's+

36.4% → 34.5%

-1.9 pts

Median age

48.5 → 49.1

+0.6 yrs

Since 2022, the typical rent in ZIP 32953 in Merritt Island, FL has increased from $1,854 to $2,248, a 21.3% change over five years. On the earnings side, the typical household in ZIP 32953 in Merritt Island, FL now reports about $87,262, up from $75,188 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.8% since 2021, moving from about 23,853 residents to roughly 24,759. Renters now make up 26.1% of households, compared with 23.1% five years ago. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 32953 in Merritt Island, FL reflects that arc in its own way.

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About renting in ZIP 32953

Last updated: October 17, 2026

ZIP code 32953 covers Merritt Island, FL. The median rent here is $2,248/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,520/mo.

At 31% of local median household income ($87,262/yr), ZIP 32953 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32953?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,248/mo in ZIP 32953. The local median household income is $87,262/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32953?

Rent in ZIP 32953 has risen 6.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 32953 compare to other ZIPs in Florida?

ZIP 32953 is in the middle among Florida ZIP codes for rent, ranking #244 of 656 at $2,248/mo. Over the year to September 2026, rent in ZIP 32953 changed +6.0%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.