Meridian Eviction Risk: Moderate

Housing insecurity runs 43.8% against 14.2% nationally. Food insecurity runs 61.5% against 17.8% nationally. Annualized rent equals 51% of average household income of $19,631, past the 30% affordability line, which thins the margin any screening standard has to work with.

The poverty rate is 63%, which in this model reads as reduced rent-recovery odds after a judgment. Well under the midpoint, rent-regulation exposure reads 1/10.

76% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building nearby. Severe burden reaches 22%. Those are renters paying half their income or more, and that is where non-payment filings originate.

On the softer side, state political climate reads 1.8/10. Against the Lauderdale County average of 3.9, this tract reads riskier for landlords by 1.1 points. 43% of renter households cross the 30%-of-income line, above the Lauderdale County average of 38.0%.

Average gross rent is $830, 9% below the Meridian average.

Tract-level figures come from the ACS 5-year release and are rebuilt whenever that, the court-record feed, or the statutory ledger behind the score changes.