Cheap Homes in Meridian, MS

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1 View this home at 5th Ave S Meridian MS 39301
$20,000 List Price
5th Ave S
Meridian, MS 39301
EST. RENT: $1,072
AUCTION: 04-17-2024
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Meridian, MS Foreclosures

How much do homes sell for in Meridian, MS?
The average home price is currently $120,889.
In Meridian, MS, how many homes are available?
There are currently 17,587 active home listings available in Meridian.
What’s the average rental cost in Meridian, MS?
The average rental price in Meridian is $1,054.
What is the most expensive home in Meridian, Mississippi?
The most expensive home sold in Meridian had a price of $1,788,710.
What is currently the cheapest priced home in Meridian, MS?
The cheapest home for sale in Meridian is priced at $10,100.

Home Value Estimator For Meridian, MS

There are currently 17,587 real estate properties in Meridian, MS, with a median automated valuation model (AVM) price of $89,228.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Meridian, MS, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Meridian, MS, is $120,889.00, with the most expensive house in Meridian, MS, topping out at $1,788,710.00 and the cheapest home in Meridian, MS, clocking in at $10,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Meridian, MS!

Rent Prices In Meridian, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Meridian, MS, is on a rollercoaster ride. The average rent price in Meridian, MS, is $1,054.00. Indeed, when looking to rent in Meridian, MS, you can expect to pay as little as $490.00 or as much as $2,840.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Meridian, MS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Meridian, MS In 2024

Meridian is located in Lauderdale, Mississippi, with an estimated municipal population of 36,347 residents. All of the best foreclosed homes for sale in Meridian are located in the following zip code areas on 39307 39305 39301 39302 39303 39304. The estimated population per square kilometer (.62 miles) in Meridian is 261.

Cost Of Living In Meridian, MS

So, about how much do homes cost in Meridian? The most recent median value of resident-owned homes in Meridian is 84,250. An estimated 49.4 percent of households in Meridian own their homes, with an average family size of 3.05. The median household income in Meridian is 32,422, with12.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Meridian, the median commute time of resident workers (in minutes) is 17.8. And last, but certainly not least, are you looking for homes to rent in Meridian? If so, the average rent price paid by renters in Meridian is 728, according to recent statistics.

Diversity And Demographics In Meridian, Mississippi

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Meridian, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Meridian is 36.5, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Meridian is 38.5, with an average family size of 3.05.

The percentage of residents who report their race in Meridian is as follows:

White 35%
Black / African American 62.9%
Asian 0.8%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.7%
Other 0.5%

Looking for family-friendly neighborhoods in and/or near Meridian? Or maybe you are searching for 55+ active adult communities in and/or near Meridian?

The percentage of residents who report their age in Meridian is as follows:

Under 10 14.5%
Aged 10-19 12.8%
20s 14%
30s 12.7%
40s 10.2%
50s 13.4%
60s 11.3%
70s 6.4%
80+ 4.7%

Best Schools In Meridian, Mississippi

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Meridian with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Meridian.

Pros And Cons Of Living In Meridian, Mississippi

How do you know that living in -- or moving to -- Meridian is right where you need to be? Perhaps you grew up in Meridian or already live nearby; therefore, the decision to buy a home in Meridian is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Meridian for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Meridian:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Meridian.

Reasons To Move To Meridian, Mississippi, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Meridian can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Meridian, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Meridian, MS


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