The housing market in Meridian, ID (83646) is quite unique. The median value of homes here is $485,900, which is significantly more than the US median value of $338,100. Despite this higher cost of housing, the one-year appreciation rate for houses in Meridian is 4.74%, which is much lower than the US average of 8.27%. This suggests that while prices are high in Meridian compared to elsewhere in the US, it may be a good opportunity for buyers looking to invest since the appreciation rate could increase in future years.
The median home cost in Meridian (zip 83646) is $485,900. Home appreciation the last 10 years has been 260.0%. Home Appreciation in Meridian (zip 83646) is up 15.6%.
Average Age of Homes
- The median age of Meridian (zip 83646) real estate is 14 years old
The Rental Market in Meridian (zip 83646)
- Renters make up 19.4% of the Meridian (zip 83646) population
- 0.2% of houses and apartments in Meridian (zip 83646), 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.