Meridian, ID 83646 Real Estate Market Report

ZIP Code: 83646
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Meridian, ID 83646 are averaging 6.4%, which is approximately 0.5% higher than the 5.9% rates observed for typical loans in this area during early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price is not available in the provided metrics, which may indicate limited closed-transaction data in the analyzed sample or reporting timing lags for recent sales; stakeholders should treat listing-based signals as provisional until representative sold-price data are reported. data gap

2. The median listing price $599,000 combined with a median days on market 126 suggests pricing is holding at higher levels but with slower transaction velocity; this may indicate pricing friction between seller expectations and current buyer activity.

3. Sample analysis shows elevated inventory relative to sales activity, which may be exerting downward pressure on negotiation leverage for sellers and contributing to longer marketing times; this elevated supply context appears alongside a neutral market temperature.

4. Mortgage conditions are a headwind: 6.4% current 30-year fixed mortgage rates in Meridian, ID 83646 (about 0.5% higher than the 5.9% earlier-in-2026 benchmark) and reported elevated interest rate pressure are likely constraining affordability even as rents trend up, which may sustain buyer caution in the near term. rent up

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.