The housing market in Meridian, ID is vibrant, with the median value being $486,400. This is significantly higher than the US house median value of $338,100. While the US has experienced a 1 year house appreciation of 8.27%, Meridian has seen an appreciation of 4.74%. While this growth may be lower than other parts of the country, it indicates that there is still strong demand for homes in the area. With its thriving economy and beautiful scenery, it's no surprise that many people are looking to buy property in Meridian.
The median home cost in Meridian is $486,400. Home appreciation the last 10 years has been 260.0%. Home Appreciation in Meridian is up 15.6%.
Average Age of Homes
- The median age of Meridian real estate is 16 years old
The Rental Market in Meridian
- Renters make up 24.0% of the Meridian population
- 0.3% 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.