%
CapRateCity
Free cap rate calculators for every US market
Meridian, ID

Rent Analysis: Meridian, ID

Updated 2026 · Based on median market data for Meridian, ID

Cap Rate
2.87%
Median Price
$445K
Rent/Mo
$1,650
1% Rule
0.37%
Fails

Rent Overview

The median monthly rent in Meridian, ID is $1,650, translating to $19,800 in annual gross rental income per unit. The rent-to-price ratio is 0.37% — well below the 1% rule, making pure cash flow investing challenging at median prices.

Rent Affordability

Renters in Meridian spend approximately 27% of the local median household income ($72,400) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.

Vacancy & Tenant Demand

The vacancy rate in Meridian is 3.5%. This is extremely tight — expect strong tenant demand, quick lease-ups, and leverage to set favorable lease terms. In markets this tight, landlords often see multiple applications per listing. Population growth of 3.8% annually is actively adding rental demand.

Gross Rent Multiplier

Meridian's GRM (price divided by annual rent) is 22.5x. A GRM above 16x means the property is expensive relative to its income. Investors here are typically betting on appreciation rather than current cash flow. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.

Rental Income Projection

At the median rent of $1,650/mo, a single-family rental in Meridian generates approximately $19,800 in gross annual income. After accounting for 3.5% vacancy ($693 lost), property taxes of $2,759, insurance (~$1,780), and maintenance (~$1,780), the estimated NOI is $12,788 per year, or $1,066/mo.

Full Meridian Analysis →Cap Rate CalculatorBRRRR Calculator

More Meridian Guides

Rental Property Investment GuideProperty Tax GuideCost of Living & AffordabilityAppreciation & Growth ForecastNeighborhood Investment Guide

Similar Markets in the West

Reno, NV$450K · $1,680/mo
2.9%
St. George, UT$440K · $1,620/mo
2.9%
Olympia, WA$420K · $1,680/mo
2.8%
Tacoma, WA$420K · $1,720/mo
2.9%
Salem, OR$360K · $1,480/mo
2.9%
The CapRateCity Report
Weekly market analysis: highest cap rate cities, emerging markets, and deal breakdowns. Free, no spam.