Affordability evidence
Meridian, ID home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Meridian, ID.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
Start with the dated local finding: In Meridian, ID, the 2024 ACS reports a median owner-occupied home value of $531,600, median household income of $100,795, and median selected monthly owner costs of $1,993 for owners with a mortgage. Together, those three reference points may still help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,993 measure combines recurring ownership expenses instead of real estate taxes alone. For borrower planning, a useful affordability review starts with $531,600, $100,795, and $1,993, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Meridian, ID's $531,600 median home-value estimate is above the statewide $418,600 estimate, with a reported city-to-state gap of 27.0%. That 27.0% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Meridian, ID.