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Meridian

Learn about the people, housing, costs and businesses in Meridian, Texas

Median Home$122,250
Median Rent$717/month
Population1,807
Leading IndustriesWholesale Trade · Manufacturing14% wholesale trade
Home Value Growth+7.0% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners50% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$122k median home · lower cost than 83% of the country
Meridian
TX

Frequently Asked Questions

What are today's mortgage rates in Meridian?

As of today, the 30-year fixed mortgage rate for Meridian is approximately 6.981% (7.020% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Meridian?

The median home value in Meridian is $122k. The median monthly rent is $717. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Meridian?

Home values in Meridian have increased 7.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Meridian?

Based on a typical all-in ownership cost of $784/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Meridian is $61k/year.

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What industries drive the economy in Meridian?

The largest employment sectors in Meridian are public administration (21%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.