Meridian, ID
Ada County · Pop. 130,183
Ranked #160 of 243 cities
34Crisis
Median Home Price
🏠$460K
4.5% YoY
Median Rent
🔑$1,550
3.0% YoY
Median Income
💰$72K
Rent Burden
📊29.5%
% of income to rent
Income to Buy
🏦$132K
annual income needed
Income to Rent
📝$62K
annual income needed
Price-to-Income
⚖️6.4x
Homeownership
🏡72.0%
Rent vs. Buy
Buy
$2,448/mo
Est. mortgage (7%, 20% down)
Need $132K/yr income
Rent
$1,550/mo
Median rent
Need $62K/yr income
How Meridian Compares
| Metric | Meridian | Idaho | National |
|---|---|---|---|
| Home Price | $460K | $429K | $410K |
| Rent | $1,550 | $1,256 | $1,500 |
| Income | $72K | $75K | $75K |
| Rent Burden | 29.5% | 31.0% | 30.0% |
Key Takeaways
- • Home prices in Meridian are 12% higher than the national average.
- • Rent is 3% higher than the national average.
- • You need an income of $132K to comfortably buy a home here.
- • The homeownership rate is 72.0%, compared to 65.0% nationally.