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Meridian

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

Median Home$503,724
Median Rent$1,743/month
Population193,699
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services14% arts, food & hospitality
Home Value Growth⬆⬆+15.4% over 2 years
Retirees22% of residentsslightly above average
Homeowners74% of occupied units
NotableHighly Educated34% bachelor's · 20% graduate · top 2% nationally
NotableHigh Incomes$126k/year · top 4% nationally
Meridian
MI

Frequently Asked Questions

What are today's mortgage rates in Meridian?

As of today, the 30-year fixed mortgage rate for Meridian is approximately 6.886% (6.922% 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 $504k. The median monthly rent is $1,743. Annual property taxes average $5k. 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 15.4% over the past two years. This indicates a strong appreciation trend. 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 $1,827/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Meridian is $126k/year.

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What industries drive the economy in Meridian?

The largest employment sectors in Meridian are public administration (25%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.