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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Meridianville, AL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Meridianville, AL Housing Market Trends

With a population of 8,209, 3,496 total housing units (homes and apartments), and a median house value of $364,160, Meridianville real estate is some of the most expensive in Alabama, although Meridianville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Meridianville, accounting for 93.61% of the town's housing units. Other types of housing that are prevalent in Meridianville include row houses and other attached homes ( 3.59%), mobile homes or trailers ( 2.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Meridianville. Owner-occupied housing accounts for 93.48% of Meridianville's homes, and 90.33% have either three or four bedrooms, which is average sized relative to America.

Meridianville homes and real estate are some of the newest in America. 62.40% of Meridianville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Meridianville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.59%), and between 1940-1969 ( 5.01%).

Meridianville Home Appreciation Rates

Appreciation rates for homes in Meridianville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.92%, which ranks in the top 40% nationwide. This equates to an annual average Meridianville house appreciation rate of 7.17%.

Over the last year, Meridianville appreciation rates have trailed the rest of the nation. In the last twelve months, Meridianville's appreciation rate has been 3.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Meridianville were at 2.78%, which equates to an annual appreciation rate of 11.61%.

Relative to Alabama, our data show that Meridianville's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$364,160

Meridianville, AL Home Prices
> $1,439,000
$1,079,001 - $1,439,000
$720,001 - $1,079,000
$576,001 - $720,000
$432,001 - $576,000
$288,001 - $432,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
0.2%
0.2%
0.9%
0.9%
4.2%
4.2%
5.1%
5.1%
18.7%
18.7%
38.8%
38.8%
28.5%
28.5%
2.5%
2.5%
1.1%
1.1%
0% 100.0%
% of Homes
Very High

for Alabama

High

for nation

Number of Homes And Apartments:

3,496

Meridianville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,593 / per month

Homeownership Rate

Owners
Renters
93.5%
93.5%
6.5%
6.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.1%
1.1%
98.9%
98.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
62.4%
62.4%
32.6%
32.6%
5.0%
5.0%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
93.6%
93.6%
3.6%
3.6%
0.0%
0.0%
0.0%
0.0%
2.8%
2.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
4.6%
4.6%
50.5%
50.5%
39.8%
39.8%
5.1%
5.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Meridianville

Zip Codes in Meridianville, AL