Meridian, ID 83646 Real Estate Market Report

ZIP Code: 83646
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Meridian, ID housing market is currently characterized by a median sold price of $519,000, reflecting a stable market environment. The neighborhood has shown signs of gradual stabilization, with a flat price trend year-over-year, suggesting that recent sales activity is maintaining price levels despite external pressures. This indicates a balanced market where buyers and sellers are adjusting to current economic conditions, particularly elevated interest rates that may be impacting buyer confidence.

Transaction activity appears moderate, with median days on market at 280, indicating slower sales velocity. The elevated inventory levels relative to sales activity suggest a market that is leaning towards a buyer's environment, although strong rental demand is evident, with a median market rent of $2,690, indicating ongoing interest in rental properties. Overall, the market remains neutral, with potential for slight appreciation as local economic factors continue to support growth.

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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

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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.

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Key Findings

1. The median sold price of $519,000 indicates a stable market, with prices holding steady amidst economic pressures.

2. With median days on market at 280, the market is experiencing slower sales velocity, suggesting a need for strategic pricing by sellers.

3. Elevated inventory levels relative to sales activity may indicate a shift towards a buyer-favorable environment, impacting negotiation dynamics.

4. The median market rent of $2,690 reflects strong rental demand, which could attract investors looking for rental opportunities in the area.

5. The market temperature remains neutral, suggesting balanced conditions between buyers and sellers, with no significant upward or downward pressure on prices.

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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.