
Home Price Key
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 $91,762, lower than the Indiana average of $175,617.
The average cost of rent is $1,043/mo in Scotland, primarily driven by the current value of real estate in the Scotland area. While nearly 61.31% of residents own their homes outright in Scotland, 22.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Scotland is $4,657 per month. Households that rent pay about 22.41% of their income on rent here. Scotland's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
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