Zip 83646 (Meridian, ID) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Meridian, Idaho	United States
	24,894.0	139,647,020.0
	17	42
	$485,900	$338,100
	15.6%	16.6%
	127.5%	57.0%
	260.0%	101.1%
	$6.15	$10.98
	$2,189	$2,690
	81.1%	57.4%
	3.0%	11.2%
	15.9%	31.4%
Vacant Housing
	0.2%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	1.2%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	0.8%	2.4%
	1.1%	2.8%
	0.0%	3.9%
	0.5%	4.5%
	1.4%	11.3%
	4.3%	13.0%
	24.2%	20.1%
	29.7%	13.6%
	19.7%	8.3%
	13.6%	9.7%
	1.6%	3.9%
	1.1%	2.2%
	0.6%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	1.7%	0.2%
	40.1%	13.6%
	40.1%	13.6%
	21.7%	13.6%
	3.2%	13.2%
	5.3%	14.8%
	21.7%	13.6%
	1.0%	10.0%
	0.3%	4.7%
	0.2%	12.2%

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