Mortgage Rates in Meridian, Idaho — March 2026
Updated March 2026 | Based on Meridian market data and regional lending conditions
Meridian is a growing city in Idaho with a population of 117,635. The current 30-year fixed mortgage rate in Meridian is 6.7%, which is 0.05% above the national average. With a median home price of $465,000 and a 20% down payment of $93,000, homebuyers can expect a monthly principal and interest payment of approximately $2,400.
Current Mortgage Rates in Meridian, ID
Below are the current average mortgage rates available in the Meridian area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Meridian Housing Market Overview
The Meridian housing market reflects moderate demand with prices near the national average. The median household income in Meridian is $72,250, and the cost of living index is 102.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $114,300 to comfortably afford the median-priced home in Meridian, which exceeds the current median household income.
Monthly Payment Breakdown for Meridian
Based on the median home price of $465,000 with 20% down ($93,000), here is what you can expect to pay monthly in Meridian:
15-Year vs. 30-Year Mortgage in Meridian
Choosing a 15-year mortgage in Meridian at 5.94% instead of a 30-year at 6.7% would save you $301,140 in total interest over the life of the loan. However, your monthly payment would be $3,127 instead of $2,400 — an increase of $727 per month.
Calculate Your Meridian Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Meridian
What are the current mortgage rates in Meridian, ID?
As of March 2026, the average 30-year fixed mortgage rate in Meridian, Idaho is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Meridian?
Based on the median home price of $465,000 with 20% down, the estimated monthly mortgage payment in Meridian is $2,400 for principal and interest. Including property taxes of $267/month, the total monthly housing cost is approximately $2,667.
What income do I need to buy a home in Meridian?
Using the 28% rule, you would need an annual income of approximately $114,300 to afford the median-priced home in Meridian at $465,000. The median household income in Meridian is $72,250. This means most households would need to either earn above the median or consider homes below $465,000.
Is Meridian a good place to buy a home in 2026?
Meridian has a moderate cost of living with a cost of living index of 102.5 (national average = 100). The property tax rate in Idaho is 0.69%, which is below the national average. Meridian has a population of 117,635 and offers a balanced lifestyle.
Mortgage Rates in Other Idaho Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Meridian, Idaho area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.