Meridian, PA Real Estate
According to census data in the year 2000 there were 1,535 housing units in Meridian.
This represents a 19.3% growth from 1,287 in 1990.
Of those housing units, 1,468 were located in either urbanized areas or urban clusters, and 67 were located in what is classified as a rural area.
Homeownership rate in Meridian is about 90.2%.
Meridian's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Meridian were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 3% |
| Two Bedrooms | 19.40% |
| Three Bedrooms | 58.60% |
| Four Bedrooms | 15.80% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $115,700 |
| Median Price asked for vacant units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.69 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7% |
| Home Equity Loan | 12.80% |
| Simple Mortgage | 38% |
| Debt Free | 42.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
