Updated 2026 · Based on median market data for Meridian, MS
The median monthly rent in Meridian, MS is $1,070, translating to $12,840 in annual gross rental income per unit. The rent-to-price ratio is 0.89% — below the 1% rule but within a range where deals can work with good financing.
Renters in Meridian spend approximately 33% of the local median household income ($39,333) on rent. This exceeds the standard 30% affordability threshold, suggesting rent growth may face resistance — but it also means a large portion of the population finds buying even more out of reach, supporting rental demand.
The vacancy rate in Meridian is 7.4%. This is above the national average and warrants careful tenant screening and marketing. Budget for longer vacancy periods between tenants and consider offering competitive amenities or pricing to reduce turnover. Population growth of 0.2% annually provides stable demand.
Meridian's GRM (price divided by annual rent) is 9.3x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,070/mo, a single-family rental in Meridian generates approximately $12,840 in gross annual income. After accounting for 7.4% vacancy ($950 lost), property taxes of $792, insurance (~$480), and maintenance (~$480), the estimated NOI is $10,138 per year, or $845/mo.
Meridian vs Mississippi state average and national average across key investment metrics. Meridian outperforms both benchmarks on cap rate.