Meridian, MS—39307
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 $57,000, with a year-over-year change of -3.9%. This indicates that home prices in Meridian, MS are decreasing. According to Zillow, the 1-year price projection is -4.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $57,000 | -3.9% |
| Single Family | $57,000 | -3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $38,000 | -7.3% |
3 Bed | $62,000 | -3.1% |
4 Bed | $82,000 | -6.8% |
| 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 7.4%. Per bedroom, the median rent as of July '25 in Meridian, MS is 1-bedrooms: $700, 2-bedrooms: $700, 3-bedrooms: $1,210, 4-bedrooms: $1,280. The most common rental property sizes in Meridian, MS are 3-bedroom and 2-bedroom, accounting for 38.1% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | $700 | $700 |
| 3 Bed Rent | $1,200 | $1,210 |
| 4 Bed Rent | $1,200 | $1,280 |
% 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 77. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $89,400 | 21.0% |
Listing Count | 25 | 5.0% |
| Listings as % of Homes | 0.4% | 5.0% |
Days on Market | 77 | 18.0% |
Demographics — Meridian, MS
As of the latest ACS Survey released in 2023, Meridian, MS has a population of 15,600, which has decreased by -8.8% over the past 5 years. Meridian, MS is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | -8.8% |
% Under 18 | 22.8% | 4.6% |
% Seniors | 16.7% | 32.5% |
% WFH | 1.1% | 266.7% |
% w/ College Degree | 10.3% | -10.4% |
As of the latest ACS Survey released in 2023, Meridian, MS is a predominantly black area, with 68.9% of the population identifying as black. The black population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Meridian, MS is white, making up 26.3% of the population. Foreign-born residents account for 1.2% of the population in Meridian, MS, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.3% | -14.3% |
% Black | 68.9% | 3.6% |
% Hispanic | 0.7% | -66.7% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 1.2% | 50.0% |
Mortgage and Risk — Meridian, MS
According to HUD data as of 2023, there were 82 mortgage originations in Meridian, MS, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Meridian, MS. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
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 | 1,219 |
Total Units Section 8 | 865 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 97.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $700 | $820 |
| 2 Bedroom | $230 | $700 | $930 |
| 3 Bedroom | $50 | $1,200 | $1,250 |
| 4 Bedroom | $120 | $1,200 | $1,320 |
Affordability — Meridian, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $57,000 |
| Median Household Income | $27,700 |