RenewGroup

Meridian · Ada County

The fastest-growing market in the Valley.

848 apartments and 35 townhomes are under development near The Village. The Old Town Opportunity Zone is the federally-incentivized play most Treasure Valley investors still haven't surfaced.

Old Town Opportunity Zone

Deferral deadline

Capital-gains deferral through December 31, 2026 on gains invested through a Qualified Opportunity Fund.

Step-up schedule

10% basis step-up at year five. 15% total step-up at year seven.

10-year exclusion

Gains on the OZ investment held for ten years are fully excluded from federal capital gains tax.

Meridian's Old Town Opportunity Zone is a federally designated census tract where capital-gains investments structured through a Qualified Opportunity Fund receive preferential federal tax treatment. A new OZ 2.0 designation round is anticipated beginning January 1, 2027.

These rules are complex and interact with individual tax circumstances. Consult a qualified tax advisor before committing capital to any Qualified Opportunity Fund. We've mapped every eligible parcel, tracked ownership history, and know which owners are near trigger events.

Multifamily

Under development

848 apts

Near The Village

Townhomes

35

Under development

Meridian's multifamily pipeline is the heaviest in the Valley measured per capita. Near The Village, 848 apartments plus 35 townhomes are in the ground or in permitting. For stabilized acquisitions, the B/C-class window is tighter than Boise's. Most sourcing happens through direct owner contact and our investor network.

Population & Growth

Population · 2025 est.

147,340

COMPASS 2025

10-year growth

+61.3%

2015 to 2025 · COMPASS

Median sale price · Mar 2026

~$530K

$527K–$533K · Zillow / Realtor.com

Days on market · Mar 2026

28 days

Realtor.com

Median list price · Mar 2026

$600,000

Realtor.com

Median rent · Mar 2026

$2,500/mo

Realtor.com

Meridian grew roughly 3× faster than Idaho's state average over the last decade. Growth is broad-based across residential, retail, and institutional follow-on.

Flips

South Meridian flip ARV

$520K–$650K

Typical cluster

North Meridian flip ARV

$650K–$800K

Typical cluster

Meridian flip product is typically 2000–2008-era tract homes needing kitchen, bath, and cosmetic work. Rehab budgets pencil lower than Boise North End, but buyer pools are less forgiving on finish quality.

SFH Rentals

Meridian SFH rentals run at a small premium to Boise on new-construction product and a small discount on older stock. Tenant quality trends high. Turnover is our favorite metric here.

Infill & Development

Meridian's growth pressure has pushed infill interest toward previously overlooked parcels, particularly mid-block corner lots where a lot-split or duplex conversion is viable.

Lot Splits, ADUs & Duplexes

Meridian permits one detached ADU per residential lot at a maximum of 900 square feet or 50% of the primary dwelling, whichever is less, with two bedrooms maximum (Meridian UDC Title 11).

Approximately 65% of Meridian residential parcels fall within active HOA boundaries. Verify CC&Rs before any ADU application. Existing HOA bans remain enforceable under Idaho SB 1354 (effective July 1, 2026).

Annexation

Meridian's south and west edges have the most active annexation discussion. We've represented acquisitions in the 18-to-36-month-to-annexation window where the basis is meaningfully below post-annexation comparable values.

Data

Meridian in context. Ada County, ten years.

Population series 2015 through 2025 from the U.S. Census Bureau vintage files and COMPASS 2025. Price figures from Redfin and Zillow as of March 2026.

ChartAda County · population 2015–2025
Line chart of Boise, Meridian, and Eagle population 2015 to 2025. Ada County major cities.

Source: U.S. Census vintage 2023 and COMPASS 2025.

ChartAda County · median price Q1 2026
Bar chart of Ada County city median sale prices as of March 2026.

Source: Redfin and Zillow, March 2026. Point-in-time figures, not annualized.

Last updated: April 2026.

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