Zip Code 83642

Meridian, ID • Ada County

Real Estate Market Analysis

Q3 2025 Report

$524,582 (up 2.5% YoY as of Feb 2025)

Median Home Value

(Not specified; Meridian is one of Idaho’s fastest-growing cities)

Population

(Not specified; higher than state average due to professional influx)

Median Income

Above average (reputation for quality schools)

School District Rating

Market Statistics

Property Values

$524,582 (up 2.5% YoY as of Feb 2025)

Median Home Value

(Not specified for 83642, but rents remain high due to demand)

Median Rent

$268 (May 2025)

Price per Sq Ft

Market Performance

Home Appreciation+2.5% YoY (Feb 2025)

Market VelocityHomes go pending in ~25 days; inventory up 40.6% MoM in June 2025

Foreclosure Rate(Not specified, but no indication of elevated rates)

Area Information

Area SizeRapidly growing suburban area in the Treasure Valley

CountyAda

Primary CityMeridian

Housing Profile

Housing Statistics

Total Housing Units(Not specified; substantial new construction activity)

Owner Occupied(Not specified; area is predominantly owner-occupied)

Rental Properties(Not specified; rental demand remains strong)

Vacant Units(Not specified; low vacancy due to demand)

New ConstructionOver 50% of listings are new homes in 2025

Housing Types

Single-family homesTownhomesNew construction subdivisions

Demographics

(Not specified; Meridian is one of Idaho’s fastest-growing cities)

Population

(Not specified; area attracts families and professionals)

Median Age

(Not specified; higher than state average due to professional influx)

Median Income

(Not specified; strong employment due to local economic growth)

Employment Rate

(Not specified; high proportion of college-educated residents)

Education Levels

Family-friendly, high percentage of households with children

Family Composition

Education Quality

School District Performance

Above average (reputation for quality schools)

District Rating

School DistrictWest Ada School District

Test Scores(Not specified; generally above state average)

Graduation Rates(Not specified; generally high)

Schools in Area

Meridian High School
Mountain View High School
Rocky Mountain High School
Numerous elementary and middle schools

Economic Factors

Employment & Business

Job GrowthStrong, driven by tech, healthcare, and service sectors

Unemployment Rate(Not specified; generally low in Ada County)

Business EnvironmentBusiness-friendly, with ongoing commercial expansion

Commercial ActivityRetail, dining, and service businesses expanding to meet population growth

Major Employers

Micron Technology
St. Luke’s Health System
Blue Cross of Idaho
Scentsy
Local tech and healthcare firms

Infrastructure & Quality of Life

Infrastructure

Transportation Access

• I-84 freeway
• State Highway 55
• Valley Regional Transit bus service

Utilities & Services

• City water/sewer
• Electricity (Idaho Power)
• Natural gas (Intermountain Gas)

Quality of Life

Safety & Environment

Low to moderate; Meridian is considered one of Idaho’s safest cities

Good air and water quality; suburban environment

Healthcare Access

• St. Luke’s Meridian Medical Center
• Primary care clinics
• Urgent care centers

Development Trends

Planned Developments

Multiple new subdivisions
Mixed-use commercial centers

Infrastructure Projects

• Road expansions
• School construction

Investment Outlook

Growth Outlook

Continued strong growth through 2025 and beyond

Investment Opportunities

• New construction homes
• Rental properties
• Commercial real estate

Marketing Intelligence

Target Demographics

Young families
Relocating professionals
Move-up buyers
Investors

Competitive Advantages

High quality of life
Strong schools
Modern housing stock

Pricing Strategies

Position slightly below new construction premiums for resale homes; highlight value and move-in readiness

Common Objections & Response Strategies

Objection: High home prices compared to previous years

Response Strategy:

Emphasize ongoing appreciation, quality of life, and limited inventory

Objection: Rising mortgage rates

Response Strategy:

Highlight negotiation leverage with increased inventory and potential for future refinancing

Objection: Competition from new construction

Response Strategy:

Showcase resale home advantages: mature landscaping, established neighborhoods, immediate occupancy

Professional Recommendations

Highlight new construction and builder incentives

Educate buyers on market timing and negotiation leverage

Promote school quality and community amenities

Advise sellers on pricing competitively against new builds

Target marketing to families and relocating professionals

Competitive Analysis

Comparable Markets

Boise (urban, higher prices)
Eagle (luxury, higher prices)
Nampa/Caldwell (more affordable, less amenities)

Market Positioning

Positioned as a premium, family-friendly suburb with strong growth

Competitive Advantages

Family amenities
New construction share
Proximity to Boise

Price Comparison

Priced below Eagle/Boise, above Nampa/Caldwell

Investment Metrics

(Not specified; estimated 4-5% for single-family rentals)

Cap Rates

(Not specified; strong due to high rents and demand)

Rental Yields

(Not specified; likely in the 20-25 range)

Price-to-Rent

Moderate; best for long-term appreciation and stable tenants

Cash Flow

2-4% annual growth expected through 2025

Appreciation

Buyer Journey Insights

First-Time Buyers

May face affordability challenges; benefit from new construction incentives

Move-Up Buyers

Strong options for larger homes and new builds

Downsizers

Limited inventory of smaller homes; may consider townhomes

Investors

Attractive due to rental demand and appreciation

Relocators

Drawn by schools, amenities, and job market

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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