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These days, finding an affordable place to live in the New Scotland area can be challenging. Home prices in New Scotland are now at a median cost of $484,827, lower than the New York average of $610,895.
The average cost of rent is $1,156/mo in New Scotland, primarily driven by the current value of real estate in the New Scotland area. In New Scotland, 12.53% of households rent, and 42.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Scotland is $12,180 per month. Households that rent pay about 9.49% of their income on rent here. New Scotland’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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