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Meridian city, ID

ZIP 83646 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 83646

Median Home Value
$488,000
Median Rent
$1,642
Affordability Snapshot
$134,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,135/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 83646 in Meridian city, ID, a household would need roughly $134,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,135. That is about 33% above the local median household income ($101,040), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.4%+25% vs US avg
x
Vacancy Rate
3.3%-68% vs US avg
x
Broadband Access
94.4%+8% vs US avg
x
4+ Bedrooms
10.0%-33% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
5.2%-24% vs US avg
x
Rent Burden >30%
22.4%-55% vs US avg
x
Mortgage-Free
30.2%-21% vs US avg
x
$488,000
Home Value
$1,642
Rent
2006
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached87.7%
  • 1-unit attached3.5%
  • 2-9 units4.4%
  • 10+ units4.3%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$488,000
Median rent$1,642
Owner-occupied81.4%
Vacant3.3%
Price-to-income4.8x
Est. income to buy$134,000