Meridian, ID—83646
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 0.0%. This indicates that home prices in Meridian, ID are flat. According to Zillow, the 1-year price projection is 0.3%, 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 | 0.0% |
| Single Family | $527,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $440,000 | -0.2% |
3 Bed | $473,000 | -0.6% |
4 Bed | $571,000 | 0.5% |
| 5 Bed | $737,000 | 1.1% |
% of Housing Stock
Rental Trends — Meridian, ID
As of July '25, Rentcast reports the average rent in Meridian, ID is $2,230, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Meridian, ID is 1-bedrooms: $1,680, 2-bedrooms: $1,660, 3-bedrooms: $2,220, 4-bedrooms: $2,530. The most common rental property sizes in Meridian, ID are 3-bedroom and 2-bedroom, accounting for 36.2% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,680 |
| 2 Bed Rent | $1,500 | $1,660 |
| 3 Bed Rent | $2,150 | $2,220 |
| 4 Bed Rent | $2,500 | $2,530 |
% 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 49. This is a increase of 14.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $604,000 | 5.0% |
Listing Count | 488 | 25.0% |
| Listings as % of Homes | 1.4% | 25.0% |
Days on Market | 49 | 14.0% |
Demographics — Meridian, ID
As of the latest ACS Survey released in 2023, Meridian, ID has a population of 74,500, which has increased by 25.9% over the past 5 years. Meridian, ID is a popular place for families, as children make up 28.6% of the population. The area has a moderately educated workforce, with 44.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 74,500 | 25.9% |
% Under 18 | 28.6% | -1.0% |
% Seniors | 16.0% | 31.1% |
% WFH | 16.8% | 121.1% |
% w/ College Degree | 44.1% | 19.8% |
As of the latest ACS Survey released in 2023, Meridian, ID is a predominantly white area, with 80.9% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Meridian, ID is hispanic, making up 9.4% of the population. Foreign-born residents account for 4.0% of the population in Meridian, ID, and this percentage has decreased by 40.3% 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 | 80.9% | -8.3% |
% Black | 2.0% | 122.2% |
% Hispanic | 9.4% | 67.9% |
% Asian | 1.6% | -48.4% |
% Foreign Born | 4.0% | -40.3% |
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 1.6%. 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 | 83 |
Total Units Section 8 | 83 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 91.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,500 | $1,940 |
| 2 Bedroom | $820 | $1,500 | $2,320 |
| 3 Bedroom | $1,100 | $2,150 | $3,250 |
| 4 Bedroom | $1,390 | $2,500 | $3,890 |
Affordability — Meridian, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $527,000 |
| Median Household Income | $101,000 |