Meridian, MS—39301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Meridian, MS
As of Oct '25, the median home price in Meridian, MS is $91,000, with a year-over-year change of -0.7%. This indicates that home prices in Meridian, MS are flat. According to Zillow, the 1-year price projection is -3.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $91,000 | -0.7% |
| Single Family | $90,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $37,000 | -9.8% |
3 Bed | $93,000 | 1.1% |
4 Bed | $157,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Meridian, MS
As of July '25, Rentcast reports the average rent in Meridian, MS is $1,160, with a year-over-year rent change of 16.0%. Per bedroom, the median rent as of July '25 in Meridian, MS is 1-bedrooms: $856, 2-bedrooms: $1,090, 3-bedrooms: $1,320, 4-bedrooms: $1,500. The most common rental property sizes in Meridian, MS are 2-bedroom and 3-bedroom, accounting for 37.4% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $856 |
| 2 Bed Rent | $1,100 | $1,090 |
| 3 Bed Rent | $1,000 | $1,320 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Meridian, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Meridian, MS is 44. This is a decrease of -53.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $139,000 | -25.0% |
Listing Count | 32 | -25.0% |
| Listings as % of Homes | 0.2% | -25.0% |
Days on Market | 44 | -53.0% |
Demographics — Meridian, MS
As of the latest ACS Survey released in 2023, Meridian, MS has a population of 21,200, which has decreased by -19.2% over the past 5 years. Meridian, MS is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,200 | -19.2% |
% Under 18 | 23.4% | -0.8% |
% Seniors | 18.5% | 8.8% |
% WFH | 6.4% | 392.3% |
% w/ College Degree | 15.6% | 9.1% |
As of the latest ACS Survey released in 2023, Meridian, MS is a predominantly white area, with 55.7% of the population identifying as white. The white population has grown by 11.0% in the last 5 years. The second most common race or ethnicity in Meridian, MS is black, making up 40.0% of the population. Foreign-born residents account for 0.9% of the population in Meridian, MS, and this percentage has decreased by 59.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.7% | 11.0% |
% Black | 40.0% | -11.9% |
% Hispanic | 1.8% | -43.8% |
% Asian | 0.4% | 100.0% |
% Foreign Born | 0.9% | -59.1% |
Mortgage and Risk — Meridian, MS
According to HUD data as of 2023, there were 174 mortgage originations in Meridian, MS, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Meridian, MS. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 174 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Meridian, MS
Meridian, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,284 |
Total Units Section 8 | 575 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 96.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $700 | $870 |
| 2 Bedroom | -$110 | $1,100 | $990 |
| 3 Bedroom | $310 | $1,000 | $1,310 |
| 4 Bedroom | -$120 | $1,500 | $1,380 |
Affordability — Meridian, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $91,000 |
| Median Household Income | $42,700 |