Piper M500
Market Report
Over the past year, inventory levels have risen slightly, up 1 aircraft from a year ago. Prices have increased significantly to 21% more than that of a year ago. M500s are selling at a slightly slower pace than this time last year, with average days on market up 62 days. There have been 23 retail sales over the past 12 months, which represents 18.2% of the 126 in operation, with 19 of those being pre-owned aircraft. Based on the recent supply and demand trends, there's currently about 6 months of inventory on the market for sale. In summary, this market is strong. Prices are at a premium from a year ago, and demand for M500s remains high.
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Q1 2026 MARKET SNAPSHOT
Aircraft Market Video
The M500 modernized the Meridian with updated avionics and a cleaner product identity under Piper's M-series umbrella, pairing the proven PT6A-42A engine with a Garmin G1000 NXi flight deck that represented a meaningful step forward from earlier Meridian cockpits. The cabin seats four comfortably, and the aircraft's performance envelope — high cruise speeds and a service ceiling of 30,000 feet — positions it well for owner-pilots who need pressurized turboprop capability on a focused budget. The M500 is the entry point to the Piper turboprop family and one of the most accessible paths to PT6 ownership on the market.
