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

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 the primary indicator of current market value and recent transaction activity, but the specific median sold price is not provided in the available metrics; this absence means recent closed-sale price context is limited and suggests relying on transaction-level data before setting firm price expectations. data gap
2. median listing price is stated at 587,450 and the market shows extended selling timelines with a median days on market of 310, which together suggest persistent pricing friction and slower sales velocity rather than rapid turnover. flat-to-soft pricing
3. Sample data indicates elevated inventory relative to sales activity, which, combined with the long median days on market, appears to be producing reduced liquidity and slower transaction volume—pricing will likely need to be competitive to convert listings into closed sales.
4. Rental demand shows moderate strength with a median market rent of 2,425 and a rent year-over-year trend that is up, while financing pressure is present: current 30-year fixed mortgage rates are averaging 6.6%, with interest rate pressure assessed as moderate, suggesting buyers face higher carrying costs even as rents rise. market temperature: neutral

Notable Properties

The following 1 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.