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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 $281,610, higher than the Missouri average of $246,641.
The average cost of rent is $924/mo in Scotland, primarily driven by the current value of real estate in the Scotland area. In Scotland, 22.48% of households rent, and 46.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Scotland is $5,879 per month. Households that rent pay about 15.72% of their income on rent here. Scotland’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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