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Meridian, MS Real Estate


According to census data in the year 2000 there were 17,952 housing units in Meridian. This represents a 1.2% growth from 17,740 in 1990.

Of those housing units, 17,052 were located in either urbanized areas or urban clusters, and 900 were located in what is classified as a rural area.

Homeownership rate in Meridian is about 56.7%. Meridian's vacancy rate, including seasonal lodging, is about 11%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Meridian were built after 1965.

Statistics

Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom13.80%
Two Bedrooms31.30%
Three Bedrooms42.20%
Four Bedrooms9.20%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1962
Median Value of occupied units$59,600
Median Price asked for vacant units$53,700

Rented Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1968
Median Monthly Rent asked for vacant units$327

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage4.40%
Home Equity Loan3%
Simple Mortgage47.70%
Debt Free44.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.6%