Meridian, ID Real Estate
According to census data in the year 2000 there were 12,288 housing units in Meridian.
This represents a 228% growth from 3,746 in 1990.
Of those housing units, 12,288 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Meridian is about 83.9%.
Meridian's vacancy rate, including seasonal lodging, is about 4.1%.
Average household size is 2.93 people.
The majority of houses, apartments or condos in Meridian were built after 1994.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 3.70% |
| Two Bedrooms | 14.80% |
| Three Bedrooms | 58.50% |
| Four Bedrooms | 19.40% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.99 |
| Median year structure was built | 1995 |
| Median Value of occupied units | $121,200 |
| Median Price asked for vacant units | $149,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $695 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 12.70% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 67.60% |
| Debt Free | 9.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.9% |
