Home Values in Meridian, Idaho — 2026 Market Report
Updated March 2026 | Buyer's Market | +8% YoY
The median home value in Meridian, Idaho is $465,000 as of March 2026, which is above the national median of $400,000. Home values in Meridian have increased by 8% over the past year and 46.9% over the last five years. With a population of 117,635 and a median household income of $72,250, the price-to-income ratio stands at 6.4x, making Meridian affordable for the average household.
Meridian Housing Market Conditions
| Metric | Meridian | National Avg |
|---|---|---|
| Median Home Value | $465,000 | $400,000 |
| YoY Appreciation | +8% | +3.8% |
| 5-Year Appreciation | +46.9% | +22.4% |
| Price per Sq Ft | $165 | $222 |
| Days on Market | 34 days | 45 days |
| Months of Supply | 5.3 | 3.5 |
| List-to-Sale Ratio | 96.1% | 98.5% |
| Monthly Homes Sold | 48 | — |
| Foreclosure Rate | 0.77% | 0.3% |
Home Value Trends in Meridian
A homeowner who purchased at the median price of $316,542 five years ago in Meridian would have gained approximately $148,458 in equity, representing a 46.9% return on investment. Over the past year alone, the typical homeowner gained $34,444 in home equity.
Affordability in Meridian, ID
With a median household income of $72,250 and a median home price of $465,000, the price-to-income ratio in Meridian is 6.4x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,154 compared to estimated monthly ownership costs of $2,476 gives a rent-vs-buy ratio of 0.79. In Meridian, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Meridian
The effective property tax rate in Idaho is 0.69%. On a home valued at $465,000, the estimated annual property tax bill is $3,209, or approximately $267/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Meridian is 102.5 (100 = national average), indicating living costs are near the national average.
Calculate Your Mortgage Payment in Meridian
Use our free calculator to estimate monthly payments for a $465,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Meridian, ID?
The median home value in Meridian, Idaho is $465,000 as of March 2026. Home values have changed +8% over the past year, with a 5-year appreciation of 46.9%.
Is Meridian a buyer's or seller's market?
Meridian is currently a buyer's market with 5.3 months of housing supply. Homes spend an average of 34 days on market, and the list-to-sale price ratio is 96.1%. Higher inventory gives buyers more negotiating power.
Are home values going up in Meridian?
Yes, home values in Meridian have increased by 8% over the past year. The 5-year appreciation rate is 46.9%, meaning a home worth $316,542 five years ago is now worth $465,000.
Is it better to rent or buy in Meridian?
The average monthly rent in Meridian is $3,154, while estimated monthly homeownership costs are approximately $2,476. The price-to-rent ratio is 12.3. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Idaho Cities
Related Resources
Disclaimer: Home value data for Meridian, Idaho is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.