Neighborhood · Merritt Island, Florida
Indianola
Small-scale island living on Florida's Space Coast
1
Homes for sale
$179,000
Median list price
$173
Avg price / sqft
1
Median days on market
Indianola sits on the northern reaches of Merritt Island, a quiet residential pocket between the Indian River and the Banana River where daily life runs at a slower, water-adjacent pace. The surrounding streets hold established neighborhoods like Diana Shores and Catalina Isle Estates, with families zoned to schools such as Robert L. Stevenson Elementary. You're close enough to the coast for river breezes, and Orlando International Airport is about 44 minutes away when you need to travel.
The market here is genuinely small — right now there's a single active listing at $179,000, so inventory moves fast and options are limited. Over the last 12 months only three homes sold, at a median of $185,900, with sellers collecting about 97% of asking. If you're serious about Indianola, watch the live map closely, because homes that fit don't sit around long.
Indianola is a community in Merritt Island, Florida.
Quick facts
$179,000 – $179K price range
1,037 sqft median home
$265/mo median HOA
3 sold in 12 months
Drive times
On the market now
Homes for sale in Indianola
Every active listing inside the Indianola boundary
Open full map search →Find your fit
Browse Indianola
By feature — on the live map
The numbers that matter
The Indianola market
3
Sold, last 12 months
$185,900
Median sold price
97%
Sale-to-list ratio
What sellers actually get vs asking
7 days
Median time to sell
Indianola vs Merritt Island
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 20.0% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Indianola boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Indianola is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Indianola home
≈ $1,605/mo
$179,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$265/mo
Median HOA
From current listings inside the boundary
Population
1,349
Median age
44
Median income
$73,393
Median home value
$231,700
Beyond the listings
Living in Indianola
Hobbies & Interests
Top 7% in the U.S.Wanderlust
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Culture
Top 16% in the U.S.Sites to See
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Lifestyles
Top 24% in the U.S.Wealth Signaling
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Relationships
Happily Ever After
Whether it's the stress of wedding planning or looking back on that special day, this population has their eyes and hearts focused on lifelong commitment.
Entertainment
Party Life
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Attitudes
Deal Seekers
These people are hunting discounts, contests, and promotions. The population loves a good sale, and they can't wait to share their bargain finds and winnings with friends and family.
Straight answers
Indianola FAQs
Is Indianola a good place to live?+
It's a quiet, water-adjacent part of northern Merritt Island with established neighborhoods like Diana Shores and families zoned to schools including Robert L. Stevenson Elementary. The pace is residential and low-key, and you're close to both the river and a 44-minute drive to Orlando International Airport. It suits buyers who want island living without a resort-town feel.
Is Indianola expensive?+
No — it's one of the more affordable pockets on the Space Coast, with the current active listing priced at $179,000 and recent sales landing at a $185,900 median. At roughly $173 per square foot, it prices below much of coastal Florida.
What do homes cost in Indianola?+
The single active listing is $179,000, and the median home size runs around 1,037 square feet at about $173 per square foot. Over the past year, three homes sold at a median of $185,900, so expect prices to cluster in the high-$100,000s. You can track current options on the live map.
How is the market in Indianola?+
It's small and quick — only three homes sold in the last 12 months, and the current listing shows a median of just one day on market. Sellers are getting about 97% of their asking price on average, so well-priced homes don't linger. Serious buyers should be ready to move fast in nearby Merritt Island too.
What about HOA fees and property taxes?+
The median HOA here runs about $265 per month, and median property taxes come in around $2,249 per year. Those figures vary by specific community, so confirm the numbers for any individual home before you write an offer.
Keep exploring
More Merritt Island neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Indianola homes, in your inbox
A daily digest of new Merritt Island listings — straight from the MLS. Unsubscribe anytime.