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Affordable
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These days, finding an affordable place to live in the Meridian area can be challenging. Home prices in Meridian are now at a median cost of $600,600, higher than the Colorado average of $579,698.
The average cost of rent is $2,068/mo in Meridian, primarily driven by the current value of real estate in the Meridian area. In Meridian, 81.97% of households rent, and 12.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Meridian is $7,834 per month. Households that rent pay about 26.40% of their income on rent here. Meridian’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lone Tree, CO: higher priced homes
- Stonegate, CO: higher priced homes
- Centennial, CO: higher priced homes
- Foxfield, CO: higher priced homes
- Parker, CO: higher priced homes
- Greenwood Village, CO: higher priced homes
- Castle Pines North, CO: higher priced homes
- Highlands Ranch, CO: higher priced homes
- Englewood, CO: equally priced homes
- Cherry Hills Village, CO: higher priced homes
Cities with Similar Populations
- Philpott, VA: less expensive homes
- Pine Grove, AR: less expensive homes
- Pine Glen, PA: less expensive homes
- Pilot Grove, TX: less expensive homes
- Pilot Grove, MN: less expensive homes
- Piihonua, HI: higher priced homes
- Pigeon River, MN: less expensive homes
- Piedra, CO: less expensive homes
- Pidcoke, TX: less expensive homes
- Picacho, NM: less expensive homes
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