How much do homeowners pay a month in Meridian Hills, IN?
Homeowners with a mortgage in Meridian Hills, IN pay a median of $3,000 (±$356) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,292 (±$200).
57.7% of owned homes carry a mortgage.
In Meridian Hills, the median monthly cost with a mortgage went from $2,524 in 2015–2019 to $3,000 in 2020–2024 (+18.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $3,000 (±$356)
- Without a mortgage
- $1,292 (±$200)
- Owned with a mortgage
- 57.7%
Monthly owner costs in Meridian Hills
| Meridian Hills | Marion County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $3,000 (±$356) | $1,453 (±$14) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $1,292 (±$200) | $550 (±$7) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 57.7% (±6.3 points) | 68.0% (±0.8 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $7,226 (±$497) | $2,028 (±$35) | $1,614 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Meridian Hills, the median cost with a mortgage is higher than in Marion County ($1,453).
It is also higher than in Indiana ($1,404).
It is higher than the national figure ($1,963).
In Marion County, Meridian Hills ranks 4 of 25 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 7 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Meridian Hills have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $2,524 (±$199) | $3,000 (±$356) | +18.9% | No measurable change after inflation |
| Median real estate taxes | $4,945 (±$392) | $7,226 (±$497) | +46.1% | Up after inflation |
| Median home value | $515,600 (±$53,964) | $661,700 (±$43,072) | +28.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Meridian Hills
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Meridian Hills | — | $3,000 (±$356) | — |
| Williams Creek | 0.9 mi | $4,000 or more | — |
| Washington Township (Marion County) | 1.1 mi | $1,814 (±$45) | Lower |
| North Crows Nest | 1.5 mi | $4,000 or more | — |
| Crows Nest | 2.2 mi | $4,000 or more | — |
| Rocky Ripple | 2.8 mi | $1,356 (±$163) | Lower |
| Spring Hill | 4.1 mi | $2,313 (±$464) | Lower |
| Wynnedale | 4.4 mi | $1,875 (±$1,021) | Lower |
| Carmel | 5.4 mi | $2,431 (±$62) | Lower |
Nearby places with a measurably lower figure: Washington Township (Marion County), IN ($1,814), Rocky Ripple, IN ($1,356), Spring Hill, IN ($2,313).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Marion County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 (tie) | Crows Nest | $4,000 or more |
| 1 (tie) | North Crows Nest | $4,000 or more |
| 1 (tie) | Williams Creek | $4,000 or more |
| 4 | Meridian Hills | $3,000 (±$356) |
| 5 | Spring Hill | $2,313 (±$464) |
| 6 | Wynnedale | $1,875 (±$1,021) |
| 7 | Washington Township (Marion County) | $1,814 (±$45) |
| 8 | Franklin Township (Marion County) | $1,569 (±$49) |
| 9 | Lawrence Township | $1,554 (±$53) |
| 10 (tie) | Indianapolis | $1,462 (±$14) |
Showing 10 of 25 places in Marion County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Meridian Hills
What is the average mortgage payment in Meridian Hills?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Meridian Hills, IN is $3,000 (±$356) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Meridian Hills?
Owners without a mortgage in Meridian Hills pay a median of $1,292 (±$200) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Meridian Hills gone up?
In Meridian Hills, the median monthly cost with a mortgage went from $2,524 in 2015–2019 to $3,000 in 2020–2024 (+18.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Meridian Hills town, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Meridian Hills town, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Meridian Hills town, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Meridian Hills town, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Meridian Hills town, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Meridian Hills town, Indiana (place:48456, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Meridian Hills at a glance
- Income and affordability in Meridian Hills
- Home values in Meridian Hills
- Property taxes in Meridian Hills
- Types of homes in Meridian Hills
- Bedrooms in Meridian Hills
- Age of homes in Meridian Hills
- Heating fuel in Meridian Hills
- Commute and cars in Meridian Hills
- Population growth in Meridian Hills
- How long people stay in Meridian Hills
- Indiana landlord and tenant rules
- Housing across Marion County
- Housing data for every place in Indiana