The housing market in Meridian, MS is flourishing with the median value of a house at $107,700 which is significantly lower than the US median value of $338,100. Furthermore, the appreciation rate for homes in Meridian, MS in the last year has been 12.50%, higher than the national average of 8.27%. This surge in house prices indicates that Meridian is a prosperous and desirable place to live with plenty of opportunity for growth in real estate investment.
The median home cost in Meridian is $107,700. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Meridian is up 14.5%.
Average Age of Homes
- The median age of Meridian real estate is 49 years old
The Rental Market in Meridian
- Renters make up 40.5% of the Meridian population
- 3.5% of houses and apartments in Meridian, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.