Meridian, Idaho Short-Term Rental Market
Meridian ID STRs averaged $145/night at 68.2% occupancy in April 2026, with a 92-point rental demand score in Idaho's fastest-growing suburb.
Quick Answer: Meridian, Idaho is an active short-term rental market. average occupancy in the Boise market area is 81%. average monthly revenue in the Boise market area is $3,834. average daily rate in the Boise market area is $176. the top operator in the Boise market area is Premium Rentals with 72 listings. market score is 81/100 (grade B).
Market data reflects the Boise regional market, which includes Meridian. Regulations, taxes, and permit details below are specific to Meridian.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Meridian is a fast-growing suburban city in Ada County, Idaho, with a population of approximately 139,740 and one of the highest growth rates in the Boise metropolitan area. The STR market draws primarily from regional leisure travel rather than national destination tourism. The area’s anchor attraction is Roaring Springs Water Park, one of the Northwest’s largest, along with the adjacent Wahooz Family Fun Zone. Proximity to Boise adds overflow demand from events and business visitors.
In April 2026, listings averaged $145/night with occupancy of 68.2%, generating average monthly revenue of $2,722. RevPAR was $99. Year-over-year, April occupancy rose 5.4 percentage points, ADR edged up 0.4%, and revenue increased 3.9%.
The listing mix in the regional dataset is dominated by entire-place properties (3,111). Airbnb is the dominant channel, with VRBO representing a much smaller share (148 standalone vs 1,760 Airbnb). Private-room listings (343) represent a meaningful share, reflecting Meridian’s suburban residential character. The market’s rental demand score is 92.27 out of 100, the highest in this batch. Total market score is 81.47. The investability score of 61.77 reflects the challenge of high property prices relative to ADR.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 54% | $102 | $1,628 |
| Feb | 64% | $107 | $1,717 |
| Mar | 69% | $119 | $2,194 |
| Apr | 66% | $120 | $2,144 |
| May | 71% | $134 | $2,561 |
| Jun | 79% | $143 | $2,982 |
| Jul | 77% | $135 | $2,853 |
| Aug | 75% | $133 | $2,735 |
| Sep | 68% | $127 | $2,322 |
| Oct | 65% | $125 | $2,240 |
| Nov | 61% | $117 | $1,923 |
| Dec | 58% | $114 | $1,880 |
Top Short-Term Rental Operators in Boise market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Boise market as a whole, which includes Meridian, so these counts are not Meridian-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Premium Rentals | 72 | 2,398 | ★ 4.71 |
| 2 | Boise BnB | 60 | 2,224 | ★ 4.58 |
| 3 | Evolve | 59 | 2,626 | ★ 4.83 |
| 4 | ITrip Vacations | 48 | 2,543 | ★ 4.91 |
| 5 | SeeYahBye Rentals | 47 | 2,812 | ★ 4.87 |
What Kind of STR Should I Buy in Meridian?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,090 |
| 2 bed | 771 |
| 3 bed | 952 |
| 4 bed | 433 |
| 5 bed | 206 |
ADR by Property Tier
| Entire Home | $189 |
| Luxury | $285 |
| Professionally Managed | $226 |
Revenue by Dwelling Type
| Apartment | $3,429 |
| Entire Place | $4,091 |
| House | $3,985 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 50.9% |
| vrbo | 4.3% |
| both | 44.8% |
Investment Analysis
Monthly revenue averaged $2,722 in April 2026. Entire-place listings generated $2,879/month and houses $2,838. Apartments averaged $2,433/month.
ADR tiers show a 17% premium for professional management: professionally managed listings reached $169/night versus $145 market average. Luxury-tier properties averaged $234/night.
Typical home value in Meridian is $534,732 (Zillow, April 2026 snapshot). Median sale price was $522,496 and median list price was $583,300. With 430 active for-sale listings, a sale-to-list ratio of 0.896, and median days to pending of just 13, the housing market moves quickly.
At $2,722 average monthly revenue, annualized gross revenue is approximately $32,700, representing a gross yield of roughly 6.1% against the $534,732 typical home value. Using the 2025 annual average of $2,830/month, annualized gross is approximately $33,960 and the implied yield is 6.4%. Both are pre-expense figures, before taxes, management fees, and maintenance. Idaho’s zero-permit-fee environment (no local licensing required) eliminates one cost layer that applies in many other states.
The rental demand score of 92.27 suggests supply has not kept pace with demand growth in this high-growth suburb, which has historically supported occupancy rates well above the national median.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Average booking lead time is 32 days, the shortest in this batch of markets. Average length of stay is 4.9 nights. The short lead time reflects the regional drive-market profile: guests spontaneously book weekend or multi-night stays for water park trips, Boise-area events, and extended family visits.
The near-5-night average stay is notably long for a suburban market without a traditional beach or mountain draw. This likely reflects extended-family group bookings at larger homes near Roaring Springs Water Park, or travelers combining Boise business with leisure days. Operators with flexible minimum stays can capture both the 2-3 night weekend visitor and the 5-7 night group stay. The 32-day lead time means last-minute rate adjustments are frequent and necessary; operators should monitor competitor inventory within the final 2-week window.
Short-Term Rental Regulations
Meridian operates under one of the most permissive STR environments in the United States. Idaho Code 67-6539 (2017) prohibits cities and counties from banning short-term rentals. A May 2025 Idaho Supreme Court ruling further held that cities cannot restrict vacation rentals based on owner occupancy. Effective July 1, 2026, Idaho House Bill 583 goes further: local governments may not require permits, licenses, conditional-use permits, registration, owner-occupancy status, professional management, inspections, neighbor notices, occupancy-day limits, or caps on the number of STRs.
There is no City of Meridian STR permit, registration program, or licensing requirement. Operators must register with the Idaho State Tax Commission and collect and remit lodging taxes: 6% Idaho state sales tax plus the 2% statewide Travel and Convention lodging tax, for a combined rate of approximately 8%. Meridian does not levy a local-option lodging tax. Cities retain only authority over zoning classification, building codes, noise, nuisance, and safety equipment (smoke alarms, CO detectors, escape ladders) that applies equally to all residences.
For investors, this framework means no permit barrier, no night caps, no owner-occupancy requirement, and minimal local regulatory overhead. Enforcement is rated minimal.
Market Comparison
The US STR median occupancy is approximately 55% and median ADR approximately $220. Meridian’s April 2026 occupancy of 68.2% substantially exceeds the national median, while its $145 ADR is well below. The high occupancy at a modest price point produces a RevPAR of $99, below what the above-median occupancy would imply in a higher-ADR market.
Premium Rentals leads the market with 72 listings and 2,398 reviews (rating 4.708). Boise BnB manages 60 listings with 2,224 reviews (rating 4.583). Evolve operates 59 listings with 2,626 reviews (rating 4.833). ITrip Vacations holds 48 listings with 2,543 reviews (rating 4.911). SeeYahBye Rentals has 47 listings and 2,812 reviews (rating 4.872).
Three of the top five operators carry average ratings above 4.83. The high review-rating competition is notable in a market where ADR is modest: operators here compete on service quality and guest experience rather than price premium alone. The market’s rental demand score of 92.27 suggests demand has outpaced supply growth, supporting the above-median occupancy despite the below-median ADR.
Frequently Asked Questions About Meridian, Idaho
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