Meridian, ID 83646 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. median sold price is not available in the provided dataset, which constrains direct transaction-price-based valuation; this absence may be due to an insufficient number of recent closed sales in the analyzed sample, and it limits the ability to use realized sale outcomes as the primary market signal.
2. median listing price — 617,400 suggests seller expectations for the neighborhood remain elevated relative to rents and per-square-foot metrics; combined with a up price year-over-year trend and a neutral market temperature, this appears to reflect modest, broad-based appreciation rather than overheated demand.
3. median days on market — 44 indicates a moderate pace of transactions and may indicate some pricing friction or slower sales velocity compared with faster-moving markets; given the elevated inventory relative to sales activity, sellers may need to be more price-competitive to accelerate offers.
4. median market rent — 2,405 and a up rent year-over-year trend point to robust rental demand supporting price resilience for investors, but moderate interest rate pressure and current 30-year fixed mortgage rates of approximately 6.53% may temper buyer affordability and keep transaction volume measured.

Notable Properties

The following 1 property 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.