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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 $298,710, higher than the Pennsylvania average of $288,156.
The average cost of rent is $1,348/mo in Scotland, primarily driven by the current value of real estate in the Scotland area. In Scotland, 25.28% of households rent, and 41.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Scotland is $8,567 per month. Households that rent pay about 15.73% of their income on rent here. Scotland’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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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