Meridian, Mississippi

History and Geography of Meridian, Mississippi

Meridian is a city located in eastern Mississippi, near the Alabama border. It is the sixth largest city in the state and has a rich history dating back to its founding in the 19th century. Meridian was established in the 1850s as a strategic railroad junction, connecting the region's major rail lines.

The city played a significant role in the Civil War and was an important center for industry and commerce in the post-war years. Meridian's economy was based on agriculture, timber, and manufacturing, and the city experienced rapid growth and development during the late 19th and early 20th centuries.

Geographically, Meridian is located in a region known for its rolling hills, forests, and rivers. The city is situated near the headwaters of the Chickasawhay River and is surrounded by the scenic landscapes of eastern Mississippi.

Famous People from Meridian

Meridian has been home to several notable individuals, including actress and singer Sela Ward, who won an Emmy Award for her role in the TV series "Sisters." Other famous residents include musician and songwriter Jimmy Buffett, known for his "island escapism" style of music, and civil rights activist James Chaney, who was murdered during the Freedom Summer of 1964.

Current State of the Residential Housing Market in Meridian

The residential housing market in Meridian is currently stable, with a variety of housing options available to buyers. According to data from the National Association of Realtors, the median home price in Meridian is approximately $130,000, making it an affordable option for homebuyers.

The market in Meridian includes a mix of housing types, including single-family homes, townhouses, and condominiums. There is also a strong rental market in Meridian, with many residents choosing to rent rather than buy.

Home Mortgage Financing Options in and around Meridian

Mortgage financing in Meridian is readily available through a variety of lenders, including banks, credit unions, and mortgage companies. The market offers a range of loan products to suit different needs, including conventional loans, FHA loans, VA loans, and USDA loans.

Interest rates for mortgages in Meridian are currently competitive with national averages. Borrowers can find fixed-rate and adjustable-rate mortgage options, with terms ranging from 15 to 30 years.

Overall, the residential real estate market in Meridian presents opportunities for homebuyers, with affordable prices and a variety of mortgage options available.