Meridian appreciation rates and housing market information

Meridian housing market information

With 34,858 people, 12,288 houses or apartments, and a median cost of homes of $233,367, Meridian real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Meridian, accounting for 85.16% of the city's housing units. Other types of housing that are prevalent in Meridian include duplexes, homes converted to apartments, or other small apartment buildings (5.97%), mobile homes or trailers (4.45%), row houses and other attached homes (2.61%), and a few large apartment complexes or high rise apartments (1.61%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Meridian. Owner-occupied housing accounts for 80.49% of Meridian's homes, and 77.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Meridian built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Meridian built from 1995 and later (45.32%). A lesser amount of the housing stock also hails from 1940-1969 (5.76%), and some were built from 1939 and earlier (5.76%).

Meridian home appreciation rates

Appreciation rates for homes in Meridian have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.88%, which ranks in the top 20% nationwide. This equates to an annual average Meridian house appreciation rate of 10.28%.

Over the last year, Meridian appreciation rates have trailed the rest of the nation. In the last twelve months, Meridian's appreciation rate has been -5.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Meridian were at -1.97%, which equates to an annual appreciation rate of -7.88%.

Notably, Meridian's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Idaho, our data show that Meridian's latest annual appreciation rate is higher than 9% of the other cities and towns in Idaho.