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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 83642 usually run 1.3% below trend in January and 1.7% above it in July, about $57 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 83642 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 83642 changed +7.5% over the year to September 2026. Across the 34 Idaho ZIP codes Zillow tracks, the typical change was +6.0%.
From 2019 to 2024, rent in ZIP 83642 rose 40.4% while median household income rose 35.5% ($71,515 to $96,909). Rent outpaced income.
Rent in ZIP 83642 is 46.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 12 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($96,909) is $2,423 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,840); a 3-bedroom is $2,560.
ZIP 83687, 7 miles away, rents for 11% less ($1,676/mo), about $2,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 83642. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 83642 (Meridian, ID) is majority owner-occupied, has a median income above the national average, 44.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 83642 in Meridian, ID has changed in 5 years
Rent in ZIP 83642 in Meridian, ID has climbed 24.0% since 2021, going from about $1,522 per month to roughly $1,888 today. Census figures show median household income at $96,909 today, compared with $83,746 five years earlier. Rent outpaced income growth by roughly 8.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 51,088 to 62,279 between 2021 and 2024, a 21.9% change. About 30.3% of households rent today, against 28.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 39.5% to 44.1%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 83642
Last updated: October 17, 2026
ZIP code 83642 covers Meridian, ID. The median rent here is $1,888/mo as of October 2026. A 1-bedroom rents for a median of $1,550/mo. A 2-bedroom rents for a median of $1,840/mo.
At 23% of local median household income ($96,909/yr), ZIP 83642 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.5% over the past year.
Frequently asked questions
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How does ZIP 83642 compare to the rest of Meridian?
At $1,888/mo, rent takes ~23% of ZIP 83642's median household income ($96,909/yr). The standard benchmark is 30%.
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