The Most Affordable Neighborhoods in Meridian, ID by Home Value

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 $572,461, higher than the Idaho average of $450,170.

The average cost of rent is $2,190/mo in Meridian, primarily driven by the current value of real estate in the Meridian area. In Meridian, 24.75% of households rent, and 26.40% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Meridian is $9,265 per month. Households that rent pay about 23.64% of their income on rent here. Meridian’s most expensive areas are in the northwestern 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.

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