Welcome to our 83646 real estate data hub, tailored for investors in Meridian, ID. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 83646 in Meridian, ID. Discover Section 8 housing opportunities and challenges to maximize your investment potential in ADA COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Meridian, ID real estate investing. Uncover the wealth of information available, and position yourself for success in the Meridian property market.
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Location Overview
- Zip Code: 83646
- City: Meridian
- State: ID
- Metro Area: Boise City, ID
- County Name: ADA COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $503,994
- Average Home Price (Single Family Homes): $504,352
- Average Monthly Rental Price (All Types): $2,252
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: 1.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,630
- Average 3 Bedroom Section 8 Rental Rates: $2,290
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 25.77
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.34
- Number of Units Offered in Section 8 in the County: 1075
- Number of Occupied Units in Section 8 in the County: 1020
- Percentage of Section 8 Units Occupied in the County: 94.90000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 422.83
- Total % Appreciation since 2000 (Government Data): 242.79
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.24%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -6.6%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.99%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.23%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 112.07%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 65.76%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 141.1%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.72%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.3%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 37.29%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 53.58%