Meridian Idaho Population Approaches 100,000

Meridian Idaho

Meridian Idaho is growing up rapidly as its population approaches 100,000 people.

In fact, that milestone may already have been achieved.

Meridian was ranked the 13th fastest-growing city in the U.S. in 2016.

And, Meridian has appeared on numerous Top 10 lists, including:

There are more, but you get the idea.

In the past ten years, Meridian’s population has more than doubled.

Meridian’s population stood at about 10,000 people in 1990.

When I arrived on September 1, 2000, Meridian’s population was around 30,000.

According to U.S. Census estimates, Meridian may have already hit the 100,000 mark in July.

One expert claims that Meridian’s 100,000th resident will arrive on October 7th.

That prediction didn’t include the precise time of day that new resident would arrive, though.

Meridian is forecast to add 48,000 more jobs by 2020, and more than 75,000 new jobs by 2040.

Those jobs are expected to support 21,000 new households.

2,400 new housing units were built in the West Ada School District (which includes Meridian) in 2016 and 2017.

Meridian’s housing market is red hot with little listing inventory.

Desirable Meridian resale listings often sell in a day or two with multiple offers; often above the asking price.

New home builders are struggling to meet demand and many have a backlog of sales with delivery times of 6-10 months from contract signing.

Very few new homes make it to completion without being sold, resulting in very little completed spec home listing inventory.

Interested in a Meridian, Idaho home?

Call me at (208)938-5533 or e-mail for a prompt response.

I answer my own phone and monitor my e-mail closely.

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Phil Hoover is a licensed independent Idaho real estate broker, assisting both buyers and sellers in Boise Idaho, Meridian Idaho, and Eagle Idaho.

During his 45 years of full-time real estate experience, Phil has helped thousands of past clients buy and sell quality properties in the Western U.S.

Phil is one of only ten local Realtors® (of nearly 5,600) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.

 

New Meridian Idaho Costco Store

Meridian Idaho Costco

Following a couple of years of rumors, Costco has announced that it will build a new store at the corner of Chinden Avenue and Ten Mile Road.

Previous rumors speculated that the new store would be the anchor tenant for the proposed Linder Village development at Chinden Avenue and Linder Road.

Those rumors were proven to be incorrect with last week’s announcement.

Instead, a new Winco Supermarket will anchor the Linder Village development, across from the existing Fred Meyer Supermarket.

Previous Winco Supermarkets have been accompanied by Petco and Home Depot stores.

It will be interesting to see which other businesses will accompany Winco in the Linder Village development.

Both developments will add substantially more traffic to Chinden Avenue, which is already inadequate for its current traffic load.

Chinden Avenue is slated to be widened by 2021, but that schedule could be accelerated by the Costco and Linder Village developments.

The developers of both projects could be required to pay for some, or all, of the road improvements that will be required.

I expect additional development along the Chinden Avenue corridor to expand westward to the Highway 16 intersection over the next few years.

Nearby residents are already up in arms and promising to fight the new developments.

Those efforts could result in  modifications to the developers’ plans, but I’m guessing both developments will move forward.

 _______________________________________________________

Phil Hoover is a licensed independent Idaho real estate broker, assisting both buyers and sellers in Boise Idaho, Meridian Idaho, and Eagle Idaho.

During his 45 years of full-time real estate experience, Phil has helped thousands of past clients buy and sell quality properties in the Western U.S.

Phil is one of only ten local Realtors® (of nearly 5,500) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.

 

Meridian Idaho Named 13th Fastest-Growing City

Meridian Idaho

Those of us who live here weren’t surprised to learn that Meridian Idaho was named the 13th Fastest-Growing City in the U.S. last week.

Once a small cow town, Meridian’s population increased 4.5% to 95,263 people last year.

In 1990, Meridian’s population was fewer than 10,000 people.

When I arrived here on September 1, 2000, Meridian’s population was around 30,000 people.

Over the past quarter century, no other Idaho city has grown like Meridian has.

Along with that amazing growth, Meridian has managed to retain its quality of life and continues to be included on Top 10 Lists from various national organizations.

Much of Meridian’s growth has occurred in the past 10 years with dozens of new residential developments in Northwest Meridian.

Cow pastures with old heritage barns are steadily being replaced with beautiful developments and two-lane roads are being widened to accommodate increasing traffic.

The rumor mill continues to speculate that Meridian will be home to a 3rd local Costco store near the intersection of Chinden Avenue and Linder Road.

Power lines have already been moved to facilitate widening of Chinden Avenue west toward Highway 16 in the future.

Most of Meridian’s future growth will occur in the western and southern areas of Meridian, where vacant land awaits future development.

Source: U.S. Census

 _______________________________________________________

Phil Hoover is a licensed independent Idaho real estate broker, assisting both buyers and sellers in Boise Idaho, Meridian Idaho, and Eagle Idaho.

During his 45 years of full-time real estate experience, Phil has helped thousands of past clients buy and sell quality properties in the Western U.S.

Phil is one of only ten local Realtors® (of nearly 5,500) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.

 

Meridian Idaho: Why People Move Here

Meridian Idaho

Meridian Idaho barely boasted 30,000 population when I arrived on September 1, 2000.

There were working farms everywhere within a mile of downtown Meridian, and the old creamery building with its magnificent, towering smokestack presided over downtown alongside the old grain elevator next to the railroad tracks.

Now, Meridian Idaho has been called the “#1 Place To Live in the U.S.” by USA Today, and has also been ranked in the Top 10 of many national polls for livability.

Meridian’s population now exceeds 80,000, the old creamery has been replaced by the new Meridian City Hall, and it’s apparent that Meridian is undergoing tremendous planned growth.

Meridian is now home to new shopping centers, numerous thriving master-planned communities, and several new city parks ~ thanks to its quality of life and a healthy local economy.

The new Ten Mile Road and Meridian Road interchanges with I-84 have opened in the past couple of years and offer vastly-improved access to I-84.

Although home prices have risen substantially in recent years, homes in Meridian are a bargain compared to other similar communities around the country.

You can still find a nice, smaller home for less than $200,000.

Larger homes in beautiful planned communities with lushly-landscaped common areas are available for $350,000 and up.

Everywhere you go in Meridian, there’s new retail space that’s opening, planned, or under construction.

The new Village at Meridian lifestyle mall opened a couple of years ago and includes a theater complex, numerous restaurants, retail space, and office space.

Check out the Meridian Chamber of Commerce website for more information about Meridian.

For more information on Meridian real estate, please call me at (208)938-5533 or e-mail me.

I would be happy to help you find just the right home for you and your family in Meridian!

 

Meridian Idaho: America’s Best City To Live In

Meridian Idaho

Meridian Idaho has been named America’s Best City To Live In by 247WallSt.com.

This ranking is the latest of many accolades for Meridian, but it’s no surprise to the 87,000 residents of the beautiful Boise suburb.

Criteria for the award included employment opportunities, crime rates, restaurants, educational attainment, housing affordability, and other important factors.

Here’s a look at some of Meridian’s attractive features:

  • Population: 87,739
  • Median Home Value: $193,900
  • Unemployment Rate: 4.1% (national rate = 6.2%).
  • Poverty Rate: 10.9%
  • Percent of population with at least a bachelor’s degree: 27.9%
  • Violent crimes per 100,000 population in past year: 80 (national average = 366).

Footnote:

Since late 2000, Meridian’s population has grown from 30,000 to more than 87,000 residents.

Since then, Meridian has blossomed into a vibrant small city with new parks, new schools, the Village at Meridian shopping mall, and numerous attractive subdivisions offering beautiful, affordable homes.

Given the careful planning, it’s no surprise that Meridian’s population has grown by 28% over the past five years (national average = 6.5%).

Would you like more information about Meridian Idaho?

Just give me a call at (208)938-5533 or e-mail me.

I would be happy to send you my informative relocation package.