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Meridian city, ID

ZIP 83642 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 83642

Median Home Value
$492,300
Median Rent
$1,488
Affordability Snapshot
$136,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,162/mo PITI).

19%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.6 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 83642 in Meridian city, ID, a household would need roughly $136,000 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 $3,162. That is about 41% above the local median household income ($96,361), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
72.0%+10% vs US avg
x
Vacancy Rate
2.6%-74% vs US avg
x
Broadband Access
96.1%+10% vs US avg
x
4+ Bedrooms
9.3%-37% vs US avg
x
Built Pre-1939
0.3%-97% vs US avg
x
Built Post-2014
7.8%+12% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
26.3%-31% vs US avg
x
$492,300
Home Value
$1,488
Rent
2004
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached78.0%
  • 1-unit attached3.0%
  • 2-9 units10.3%
  • 10+ units7.3%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$492,300
Median rent$1,488
Owner-occupied72.0%
Vacant2.6%
Price-to-income5.1x
Est. income to buy$136,000