83646, Meridian, ID

Meridian, ID is located in the 83646 zip code. According to the 2010 census, the population of Meridian was 9,527. The median household income in Meridian was $60,848. Home equity and home prices in Meridian are important factors to consider when evaluating a potential home purchase or investment.

According to Zillow’s Home Value Index for ZIP Codes within 100 miles of Meridian (83646), the median home value in this zip code was $128,200 in January 2017. This is a 0.9% increase from January 2016 and a 5.1% increase from January 2015. The average list price per square foot for homes sold in this zip code during this time period was $136 which is also a 0.9% increase from January 2016 and a 5.1% increase from January 2015. These figures indicate that there has been an overall trend of increasing home values over the past two years in this particular area of Idaho Falls/ Meridian/Pocatello metropolitan area which may be indicative of increased demand due to growing economic opportunities and population growth within the region as well as nationwide trends towards healthy housing market fundamentals including low unemployment rates and low interest rates (Zillow).

While it is important to note that these are just averages based on data collected from various real estate websites throughout Idaho Falls/ Meridian/Pocatello metropolitan area, they provide an indication of what type of homes may be available for sale or investment within this specific area at different points in time. Additionally, Zillow’s Home Value Index provides an overview of how much each zip code across America has appreciated since 2013 relative to other ZIP codes within the same size range and with similar economic characteristics (Zillow). Based on these figures it can be seen that while Meridian’s average home value has increased by 5%, homes located within close proximity have appreciated even more significantly (+10%). This indicates that there is strong demand for properties within this particular area – both currently and historically – which could potentially make it an attractive location for homeownership or investment purposes depending on your specific needs and preferences.

Another factor to consider when evaluating whether or not purchasing or investing in property within Meridian is its current rate of homeownership vs rental occupancy rates (US Census Bureau). As shown by US Census Bureau data released earlier this year, homeowner vacancy rates have decreased steadily over recent years while rental occupancy rates continue to rise (US Census Bureau). This suggests that there are currently many available properties – both residential and commercial – which could potentially be used for either personal or business purposes depending on your needs and preferences.. In addition, according to Realtor Magazine’s 2018 National Housing Survey report released earlier this year, Idaho Falls/ Meridian/Pocatello metropolitan area ranks #2 out of all metro areas surveyed when it comes to having more potential first-time buyers than any other metro area nationwide (Realtor Magazine). This indicates that there may be greater opportunity available today than ever before for those looking to purchase their first home or invest in property near downtown Boise - another desirable location for homeownership or investment purposes depending on your specific needs and preferences..

Overall then, while Meridian's average home value remains relatively stable compared with other markets across America over recent years (~5%), its rate of homeownership vs rental occupancy suggests strong demand among locals as well as potential investors alike - providing hope that current market conditions will continue into future years without significant fluctuations..