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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 $179,693, lower than the Missouri average of $194,908.
The average cost of rent is $906/mo in Scotland, primarily driven by the current value of real estate in the Scotland area. While nearly 38.51% of residents own their homes outright in Scotland, 14.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Scotland is $6,316 per month. Households that rent pay about 14.34% of their income on rent here. Scotland's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
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