Updated 2026 · Based on median market data for Meridian, MS
Meridian sits in the South with a population of 50,000 growing at 0.2% annually. The median home costs $120,000 while rents average $1,070/mo, producing an estimated cap rate of 8.45%. This puts Meridian in the upper tier of investable US markets.
Meridian is ideal for cash flow investors, BRRRR practitioners, and anyone building a portfolio of affordable, income-producing rentals. The low price point ($120,000) means you can get started with a $24,000 down payment, and the 8.45% cap rate should produce positive cash flow even with conservative financing.
Target properties priced 15-25% below the $120,000 median — around $96,000 or less. At this price point with $1,070/mo rents, your cap rate improves to roughly 10.9%. Factor in 0.66% property taxes ($792/yr), budget 5% of gross rent for maintenance, and underwrite to a 7.4% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $804.
The 7.4% vacancy rate is above the national average, so budget conservatively and screen tenants carefully. Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.
Run the numbers on a specific Meridian property using our cap rate calculator (pre-filled with Meridian data). Compare Meridian against similar markets in the South region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.
Meridian vs Mississippi state average and national average across key investment metrics. Meridian outperforms both benchmarks on cap rate.