Real Estate Market Report

Meridian, Idaho

Meridian is a beautiful city for families looking for a new home in Idaho. The city is the third-largest in the state and home to 99,926 residents. There is a good number of new residential developments in the area ideal for buyers looking for a new home as well as long-standing communities with classic single-family home models. 

Check out our original blog post at https://meridianidhouses.com/.

Types of Homes in Meridian

There are quality real estate options available to home buyers considering to purchase a property in Meridian. About 86.5% of properties in different neighborhoods in the city are single-family homes, many of which are in newly constructed residential developments. Other housing options in the region include mobile homes, townhouses, low-rise apartment buildings, and apartment complexes.

Around 50% of households in Meridian were built in the year 2000 onwards while 41.9% were constructed between 1970 and 1999 which provide excellent home development opportunities. The remaining properties are older residences built before 1970. Half of the home models in the city have three-bedroom layouts, 28.8% are four-bedroom models, 12% are two bedrooms, and 7% have five or more bedrooms.

Check out our original blog post at https://meridianidhouses.com/.

Communities in Meridian

Meridian provides an ideal family-friendly environment for buyers with children who are looking for a new place they can call home. There are excellent schools in the city providing convenient access to most neighborhoods within the community. The school district in Meridian supports over 38,000 students ranging from pre-kindergarten to the 12th-grade level. There are ample employment opportunities in the city with the largest employers being Saint Luke’s Meridian Medical Center and Blue Cross.

Meridian, Idaho Housing Market

If you plan to buy a home in the city, there are ample affordable quality housing options you can consider for your family. There's a 70% residential property in Meridian with price that ranges between $144,001 and $432,000. The median home price is $323,357. Real Estate prices in the region have gone up by 37.57% over the last 10 years. There is an annual average property appreciation rate of 3.24%. Investors looking for excellent real estate opportunities will find great houses to purchase in the city of Meridian, Idaho.

Check out our original blog post at https://meridianidhouses.com/.