Meridian, ID—83642
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Meridian, ID
Home Price Trends — Meridian, ID
As of Oct '25, the median home price in Meridian, ID is $527,000, with a year-over-year change of 0.3%. This indicates that home prices in Meridian, ID are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $527,000 | 0.3% |
| Single Family | $527,000 | 0.4% |
| Condos | $275,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $385,000 | -2.0% |
3 Bed | $471,000 | -0.2% |
4 Bed | $577,000 | 0.9% |
| 5 Bed | $727,000 | 0.3% |
% of Housing Stock
Rental Trends — Meridian, ID
As of July '25, Rentcast reports the average rent in Meridian, ID is $1,920, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Meridian, ID is studios: $1,560, 1-bedrooms: $1,390, 2-bedrooms: $1,420, 3-bedrooms: $2,200, 4-bedrooms: $2,550. The most common rental property sizes in Meridian, ID are 2-bedroom and 3-bedroom, accounting for 42.2% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,920 |
| Studio Rent | $1,420 | $1,560 |
| 1 Bed Rent | $1,480 | $1,390 |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | $2,500 | $2,550 |
% of Rental Stock
Property Listings — Meridian, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Meridian, ID is 41. This is a decrease of -13.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $586,000 | -1.0% |
Listing Count | 472 | 23.0% |
| Listings as % of Homes | 1.7% | 23.0% |
Days on Market | 41 | -13.0% |
Demographics — Meridian, ID
As of the latest ACS Survey released in 2023, Meridian, ID has a population of 58,000, which has increased by 28.9% over the past 5 years. Meridian, ID is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 43.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,000 | 28.9% |
% Under 18 | 23.4% | -10.3% |
% Seniors | 14.3% | 7.5% |
% WFH | 18.4% | 111.5% |
% w/ College Degree | 43.7% | 34.0% |
As of the latest ACS Survey released in 2023, Meridian, ID is a predominantly white area, with 83.0% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Meridian, ID is hispanic, making up 9.3% of the population. Foreign-born residents account for 5.5% of the population in Meridian, ID, and this percentage has increased by 12.2% 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 | 83.0% | -3.4% |
% Black | 0.7% | 133.3% |
% Hispanic | 9.3% | 0.0% |
% Asian | 2.6% | 0.0% |
% Foreign Born | 5.5% | 12.2% |
Mortgage and Risk — Meridian, ID
Meridian, ID lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Meridian, ID
As of 2024, the percent of homes in Meridian, ID under the Section 8 program is 2.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Meridian, ID, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 138 |
Total Units Section 8 | 138 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,480 | $1,660 |
| 2 Bedroom | $590 | $1,400 | $1,990 |
| 3 Bedroom | $590 | $2,200 | $2,790 |
| 4 Bedroom | $840 | $2,500 | $3,340 |
Affordability — Meridian, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $527,000 |
| Median Household Income | $96,400 |