Meridian housing market
Typical home value
$117K
▲ 0.1% 1 yr
Typical rent
$1,284/mo
▲ 10.1% 1 yr
12-month forecast
−1.2%
#525 of 546 metros
Gross rent yield
13.2%
#1 of 546 · U.S. 6.3%
Days to pending
76 days
▲ +37 days 1 yr
Listings with a price cut
23%
▲ +4.5 pts 1 yr
Key takeaways
- 1The typical home is worth $117,032, up 0.1% in a year and down 0% over five years.
- 2Zillow forecasts home values falling 1.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,284/mo (+10.1% YoY), a 13.2% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $643/mo in principal and interest, $641 less than renting.
- 5Homes go under contract in 76 days (+37 days vs last year); 23% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 49/100, #155 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Meridian compares
| Measure | Meridian | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.1% | +1.2% | #440 |
| Home value, 5-yr change | −0.4% | +19.7% | |
| 12-month forecast | −1.2% | +1.1% | #525 |
| Rent, 1-yr change | +10.1% | +2.7% | #9 |
| Gross rent yield | 13.2% | 6.3% | #1 |
| Price-to-rent ratio | 7.6 | 15.8 | |
| Mortgage P&I on typical home | $643 | $2,012 | |
| Days to pending | 76 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Meridian rental ($117K, $1,284/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Meridian home.
Rent vs buy
Is it cheaper to rent or buy in Meridian?
Other Mississippi metros
Jackson, MS
$212K home$1,470 rent8.3% yield
▲ 2.7% 1 yr
Gulfport, MS
$224K home$1,422 rent7.6% yield
▲ 1.9% 1 yr
Hattiesburg, MS
$214K home$1,303 rent7.3% yield
▲ 4.2% 1 yr
Tupelo, MS
$193K home$1,301 rent8.1% yield
▲ 6.7% 1 yr
Starkville, MS
$260K home$1,408 rent6.5% yield
▲ 4.8% 1 yr
Columbus, MS
$187K home$1,403 rent9.0% yield
▲ 3.3% 1 yr
Oxford, MS
$404K home$2,338 rent7.0% yield
▲ 2.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.