39307, Meridian, MS

Meridian, MS is located in the eastern part of the state and has a population of around 39,000 people. The median household income in Meridian is $52,500 and the median home value is $128,000. Home equity in Meridian is relatively high compared to other parts of Mississippi. In fact, according to Zillow's analysis of data from 2016, Meridian has the fourth-highest home equity rate in Mississippi at 11%.

One reason for this high level of home equity may be that Meridian has a low rate of unemployment (3%). Additionally, there are many affluent residents in Meridian who may be able to afford to borrow against their homes' value. However, despite these factors, there are still some areas within Meridian where home values are lower than average. For example, ZIP code 39307 has a lower home value than ZIP codes 39301 (the next lowest) and 39302 (the highest). This suggests that there may be areas within Meridian where housing prices are not as inflated as they are elsewhere in the city.

Despite these variations from neighborhood to neighborhood within Meridian, overall it seems that homeownership rates and home values are high relative to other parts of Mississippi. This suggests that there is strong demand for housing in Meridian and that prices will continue to rise over time unless something changes – such as an increase in unemployment or a decrease in household incomes.