Buying In Meridian, MS
Sell Your Commercial Property In Meridian, MS
Own a commercial apartment building of five or more units in Meridian? We purchase multifamily properties around Downtown Meridian, Marion, and the rest of Lauderdale County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Downtown Meridian · Marion · Collinsville · Highway 19 North corridor — Lauderdale County, MS
Market Snapshot
Renter Demand In Meridian
Meridian is a renter-majority city. Renters occupy 51.3% of Meridian homes, or 7,476 households, per ACS 2020-2024 table B25003. Lauderdale County's renter share is 34.9%, against 30.0% statewide. Median gross rent is $910 a month, and rental vacancy is 7.4%. Meridian housing is old, with 71.9% built before 1980. Meridian property also carries a 2024-2025 tax rate of 174.10 mills. This profile covers renters, rents, Lauderdale County taxes and state landlord rules for owners who plan to sell commercial property in Meridian, MS.
Naval Air Station Meridian
NAS Meridian sits about 20 miles northeast of Meridian on more than 8,000 acres, per the Navy installation guide.Health care employment
Education and health care employ 27.8% of working Meridian residents, per ACS DP03, including Baptist Anderson Regional Medical Center.MSU-Meridian campus
Mississippi State University-Meridian reported a record 834 students for fall 2020, per its November 2020 enrollment release.Our Buy Box
What We Buy In Meridian
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Meridian Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Meridian
Renters occupy 51.3% of Meridian homes, or 7,476 households, per Census ACS 2020-2024 table B25003. Statewide, the renter share is 30.0%. Buildings with five or more units hold 19.5% of Meridian housing, against 9.2% in Mississippi, per table B25024.
About 71.9% of Meridian homes were built before 1980, per table B25034. Owners selling commercial property in Meridian should expect buyers to budget for roofs, plumbing and systems on that older stock.
Rents and affordability in Meridian
Median gross rent in Meridian is $910 a month, per ACS 2020-2024 table B25064. That is $96 below HUD's FY2027 two-bedroom fair market rent for Lauderdale County. Rental vacancy is 7.4%, against 8.2% statewide, per profile DP04.
Some 47.9% of Meridian renters spend 30% or more of income on rent, per table B25070. Owners who sell commercial real estate in Meridian, MS will see buyers test rent growth against that burden.
| Unit size | HUD FY2027 FMR, Lauderdale County, MS |
|---|---|
| Efficiency | $877 |
| One-bedroom | $896 |
| Two-bedroom | $1,006 |
| Three-bedroom | $1,328 |
| Four-bedroom | $1,332 |
Property taxes in Lauderdale County
A $2,000,000 apartment property inside Meridian carries about $52,230 a year in property tax. Apartments fall in Class II, assessed at 15% of true value, per the Mississippi Department of Revenue. The 2024-2025 Meridian rate is 174.10 mills: Lauderdale County 60.70, Meridian School District 60.70 and Meridian 52.70, per DOR millage schedules.
The math is $2,000,000 times 15% equals $300,000 assessed, times 174.10 mills equals $52,230. Anyone planning to sell commercial property in Meridian, MS should expect buyers to price that 2.61% effective load into cap rates.
Landlord rules in Mississippi
- Deposits: no dollar cap is set, and the unclaimed balance is due within 45 days, per Miss. Code s. 89-8-21.
- Nonpayment: the termination notice gives the tenant 3 days to pay, per Miss. Code s. 89-8-13.
- Rent control: towns may not regulate private residential rent without legislative approval, per Miss. Code s. 21-17-5.
What it means for an owner
Meridian pairs 7.4% vacancy with $910 median rent and a 174.10-mill tax rate. If you plan to sell your apartment building in Meridian, test the numbers in our cap rate calculator first.
Skyline Capital Investments buys 5+ unit apartment buildings. To sell commercial property in Meridian, MS with a direct buyer, start on our sell my apartment building page.
Local Knowledge
Meridian Seller Checklist
More about selling in Mississippi →Investing in Meridian? See apartment syndications in Meridian →
- Buildings with five or more units hold 19.5% of Meridian housing, more than double the 9.2% statewide share.
- Owners who sell multifamily property in Meridian face buyers pricing capital work on stock 71.9% built before 1980.
- Owners who sell commercial real estate in Meridian, MS face a 2.61% effective Class II tax load.
Seller Guides
Selling In Meridian? Common Situations We Handle
Learn More
Taxes & Rules For Meridian Property
The Mississippi rules that shape any deal in Meridian: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Meridian Seller FAQ
How much property tax does a $2 million apartment building in Meridian pay?
About $52,230 a year. Class II property is assessed at 15% of true value, so $2,000,000 becomes $300,000 assessed. The 2024-2025 Meridian rate of 174.10 mills, per Mississippi Department of Revenue schedules, then yields $52,230, an effective 2.61%.
What should I know before I sell commercial property in Meridian, MS?
Meridian is renter-majority, with 51.3% of homes rented per ACS 2020-2024. Median gross rent is $910 and rental vacancy is 7.4%. Buyers will weigh that demand against 174.10 mills of property tax and housing stock that is 71.9% pre-1980.
Can I sell commercial real estate in Meridian, MS and raise rents first?
Mississippi law bars cities from regulating private residential rent without legislative approval, per Miss. Code s. 21-17-5. Market limits still apply: 47.9% of Meridian renters already spend 30% or more of income on rent, per ACS table B25070.
How do Meridian rents compare with HUD fair market rents?
Median gross rent in Meridian is $910 a month under ACS 2020-2024. HUD's FY2027 two-bedroom fair market rent for Lauderdale County is $1,006. That gap of $96 shows room on voucher-eligible units for buyers. Rental vacancy of 7.4% also sits below the 8.2% statewide rate.
How long does a Mississippi landlord have to return a security deposit?
Mississippi requires the unclaimed deposit balance back within 45 days after the tenancy ends, per Miss. Code s. 89-8-21. The statute sets no dollar cap on deposits. For nonpayment, the termination notice gives tenants 3 days to pay, per s. 89-8-13.
What if my Meridian building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Meridian apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Can I sell rental property in Meridian with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Meridian?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
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