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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 $168,375, lower than the South Dakota average of $268,202.
The average cost of rent is $672/mo in Scotland, primarily driven by the current value of real estate in the Scotland area. In Scotland, 22.83% of households rent, and 72.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Scotland is $6,376 per month. Households that rent pay about 10.54% of their income on rent here. Scotland’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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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