Why Meridian is Becoming a Hotspot for Homebuyers in 2024
Meridian, Idaho, located just west of Boise, is increasingly becoming one of the most desirable places to live in the Treasure Valley. In 2024, this booming suburb has captured the attention of both local and out-of-state buyers, and for good reason. With its blend of small-town charm, growing amenities, and strong real estate market, Meridian is attracting homebuyers seeking a balanced lifestyle that combines the best of both city and suburban living.
In this article, we explore the factors driving the real estate market in Meridian and why so many people are choosing to call this rapidly growing city home.
A Booming Population and Expanding Infrastructure
One of the most significant factors contributing to Meridian’s rising popularity is its rapid population growth. According to the U.S. Census Bureau, Meridian’s population has increased by nearly 50% in the past decade. As of 2024, it is estimated that Meridian is home to over 130,000 residents, making it the second-largest city in Idaho.
This population boom has spurred massive infrastructure development, with new residential communities, commercial centers, and schools being built to accommodate the influx of residents. The city’s focus on expanding infrastructure, including road improvements and public transportation options, has made it easier than ever for residents to commute to nearby Boise or other areas in the Treasure Valley.
For buyers, the ongoing development means there are ample options when it comes to choosing a home. Whether you’re looking for a new construction in a master-planned community or a more established neighborhood with mature trees and larger lot sizes, Meridian offers a diverse range of housing options.
Excellent Schools and Family-Friendly Amenities
One of the main reasons families are flocking to Meridian is its reputation for having excellent schools. The West Ada School District, which serves Meridian, is the largest in the state and consistently ranks among the top districts in Idaho. With highly rated schools like Rocky Mountain High School and Hunter Elementary School, parents are confident that their children will receive a quality education.
Beyond schools, Meridian also offers a wide array of family-friendly amenities. The city is home to numerous parks, recreation centers, and community events that appeal to residents of all ages. Settlers Park, one of Meridian’s largest parks, is a favorite destination for families, offering everything from splash pads and playgrounds to baseball fields and walking paths.
For those seeking indoor entertainment, The Village at Meridian is a popular shopping and dining destination that features a wide variety of retail stores, restaurants, and a movie theater. It’s a hub of activity and offers a lively, community-oriented atmosphere that draws both locals and visitors.
Affordability and Growing Real Estate Market
Compared to its neighbor, Boise, Meridian’s real estate market is still relatively affordable, although home prices have seen significant increases over the past few years. According to recent data from the Intermountain Multiple Listing Service (IMLS), the median home price in Meridian as of October 2024 is approximately $530,000. While this is a notable rise from previous years, Meridian remains more affordable than many other booming cities across the country.
The steady appreciation in home values makes Meridian an attractive destination for both homebuyers and real estate investors. Buyers are attracted to the potential for long-term growth, while investors see the opportunity for rental income as the population continues to rise. With ongoing development in the area, including new homes, shopping centers, and entertainment venues, the demand for housing in Meridian is expected to stay strong in the coming years.
A Balanced Lifestyle: Suburban Comfort with Urban Access
Meridian offers the best of both worlds: the comfort and tranquility of suburban living with easy access to the amenities and job opportunities in Boise. For those who commute to Boise for work, the drive is manageable, typically taking about 15 to 20 minutes depending on traffic. This proximity to the city, combined with the relative affordability of homes in Meridian, makes it an ideal choice for professionals and families who want to enjoy a quieter lifestyle without sacrificing convenience.
Another factor that appeals to homebuyers is the abundance of outdoor recreational opportunities. The nearby Boise River and Chinden Boulevard offer access to scenic walking trails, fishing spots, and areas for kayaking or paddleboarding. The community also enjoys close proximity to Roaring Springs Water Park and Wahooz Family Fun Zone, making it a great place for families to spend quality time together.
New Developments and Future Growth
As Meridian continues to grow, the city is seeing a rise in new housing developments. Master-planned communities like Paramount and Bridgetower West offer attractive amenities such as swimming pools, fitness centers, and walking trails, which cater to buyers seeking a high-quality lifestyle. These developments provide a mix of single-family homes, townhouses, and luxury estates, giving buyers a wide variety of options to suit their needs and preferences.
In addition to residential growth, Meridian is also seeing a surge in commercial development. The city has welcomed new businesses, restaurants, and shopping centers, further enhancing the quality of life for residents. The local job market is benefiting from this growth, with new employment opportunities emerging in the tech, healthcare, and service industries.
As Meridian continues to expand, experts predict that the city’s real estate market will remain strong. For buyers looking to invest in a home with long-term value, Meridian represents an excellent opportunity.
Conclusion: Why Now is the Time to Buy in Meridian
Meridian’s combination of affordability, excellent schools, family-friendly amenities, and proximity to Boise makes it an attractive destination for homebuyers in 2024. As the city continues to grow and develop, the real estate market offers both immediate opportunities and long-term investment potential.
Whether you’re looking for a place to raise a family, enjoy a balanced suburban lifestyle, or make a smart real estate investment, Meridian is a city on the rise. If you’re considering buying or selling a home in Meridian, now is the time to act.
For expert guidance and assistance in finding the perfect home, contact Idaho Bliss Realty Partners today. Reach out to Katita Slemp at (208) 891-1222 to learn more about current listings and take the next step toward making Meridian your new home.