Median Home PriceBETTER
$122,774.7
Median RentBETTER
$1,195.67/mo
Price-to-Rent RatioBETTER
8.6
Property Tax RateTIE
0.81%
Price Change (1Y)
-0.9%
Price Change (5Y)
-4.7%
Break-Even YearsBETTER
12 years
10-Year Wealth DifferenceBETTER
$1,396
Median Home Price
$295,634.25
Median Rent
$1,734.52/mo
Price-to-Rent Ratio
14.2
Property Tax RateTIE
0.81%
Price Change (1Y)BETTER
+0.5%
Price Change (5Y)BETTER
+2.7%
Break-Even Years
N/A
10-Year Wealth Difference
$120,479
Key Differences
Home Prices
Meridian's median home price of $122,774.7 is lower than Southaven's $295,634.25 by 58%.
Monthly Rent
Renting in Meridian costs $1,195.67/mo compared to $1,734.52/mo in Southaven—a difference of $538.85/mo.
Buy vs Rent Verdict
Meridian favors either option, while Southaven favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.