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These days, finding an affordable place to live in the Scotland area can be challenging. Home prices in Scotland are now at a median cost of $297,111, lower than the Florida average of $396,783.
The average cost of rent is $1,108/mo in Scotland, primarily driven by the current value of real estate in the Scotland area. In Scotland, 10.58% of households rent, and 49.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Scotland is $5,419 per month. Households that rent pay about 20.45% of their income on rent here. 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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