RenewGroup
2-20+ unit

Multifamily in Meridian

Multifamily concentrated along Eagle Road and the Ten Mile corridor. Absorption tracks Meridian's 3%+ annual population growth; newer product commands sub-5.5% cap rates from institutional buyers.

Market snapshot

Multifamily in Meridian by the numbers. Sourced and dated.

Every figure carries source, date, geography, and confidence. Click through to verify any single data point.

Verified· Boise
Annual population growth (2025)
COMPASS 2025· Apr 2026
Verified· Boise
Population (2026 est.)
Verified· Boise
Growth since 2020 census
Estimated· Boise
Overall cap rate (Boise metro)
Cushman & Wakefield MarketBeat· Apr 2026Metro-wide figure; Meridian-specific cap rates may vary by corridor and vintage

Renew takes

Our read on this play. Interpretations, labeled.

Renew's internal analysis of where the edge sits, where it doesn't, and what to watch.

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Meridian's multifamily market operates under fundamentally different structural constraints than Boise's, requiring corridor-specific underwriting and HOA-covenant awareness.
Renew
For investor

For multifamily investors

Meridian's 3.1% annual population growth and corridor-concentrated multifamily inventory create a structurally different opportunity set than Boise. We underwrite every Meridian multifamily deal—2-unit to 20-unit—with the same cap-rate discipline, rent-comp rigor, and infrastructure-cost verification our own capital would demand. Criteria matched. Direct call.

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