Meridian, MS—39305
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 $186,000, with a year-over-year change of 3.3%. This indicates that home prices in Meridian, MS are increasing. According to Zillow, the 1-year price projection is -2.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | 3.3% |
| Single Family | $186,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $91,000 | -4.2% |
3 Bed | $154,000 | 2.0% |
4 Bed | $262,000 | 3.6% |
| 5 Bed | $367,000 | 2.8% |
% of Housing Stock
Rental Trends — Meridian, MS
As of July '25, Rentcast reports the average rent in Meridian, MS is $1,350, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Meridian, MS is 1-bedrooms: $774, 2-bedrooms: $934, 3-bedrooms: $1,780, 4-bedrooms: $1,650. The most common rental property sizes in Meridian, MS are 3-bedroom and 2-bedroom, accounting for 32.6% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $815 | $774 |
| 2 Bed Rent | $906 | $934 |
| 3 Bed Rent | $1,700 | $1,780 |
| 4 Bed Rent | $1,100 | $1,650 |
% 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 67. This is a decrease of -9.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | -15.0% |
Listing Count | 95 | 26.0% |
| Listings as % of Homes | 0.7% | 26.0% |
Days on Market | 67 | -9.0% |
Demographics — Meridian, MS
As of the latest ACS Survey released in 2023, Meridian, MS has a population of 21,900, which has increased by 6.6% 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 moderately educated workforce, with 34.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 6.6% |
% Under 18 | 23.4% | -4.1% |
% Seniors | 19.9% | 8.2% |
% WFH | 3.6% | 50.0% |
% w/ College Degree | 34.8% | 3.0% |
As of the latest ACS Survey released in 2023, Meridian, MS is a predominantly white area, with 53.0% of the population identifying as white. The white population has shrunk by 24.5% in the last 5 years. The second most common race or ethnicity in Meridian, MS is black, making up 36.5% of the population. Foreign-born residents account for 2.8% of the population in Meridian, MS, and this percentage has decreased by 22.2% 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 | 53.0% | -24.5% |
% Black | 36.5% | 44.8% |
% Hispanic | 2.9% | 31.8% |
% Asian | 1.3% | -31.6% |
% Foreign Born | 2.8% | -22.2% |
Mortgage and Risk — Meridian, MS
According to HUD data as of 2023, there were 332 mortgage originations in Meridian, MS, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 332 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
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 | 482 |
Total Units Section 8 | 442 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $815 | $970 |
| 2 Bedroom | $194 | $906 | $1,100 |
| 3 Bedroom | -$230 | $1,700 | $1,470 |
| 4 Bedroom | $450 | $1,100 | $1,550 |
Affordability — Meridian, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $186,000 |
| Median Household Income | $65,200 |