The typical owner-occupied home in Scotland is worth about $102,500, 66% below the Georgia median of $303,300 and 69% below the national median of $332,700. Owners pay a median $665 a year in property taxes, about 0.65% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $61,964 a year, so the median home costs 1.7 times the median income (3.9 times for Georgia). 78% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Scotland at a glance
| Scotland | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $102,500 | $303,300 | $332,700 |
| Median property tax paid per year | $665 | $2,341 | $3,119 |
| Property tax as a share of value | 0.65% | 0.77% | 0.94% |
| Median household income | $61,964 | $77,353 | $80,734 |
| Homes lived in by their owners | 78% | 66% | 65% |
| Owner homes with a mortgage | 37% | 63% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,783 | $1,963 |
| Median rent | – | $1,393 | $1,413 |
| Median year homes were built | 1980 | 1992 | 1980 |
| Vacant homes | 37.5% | 10.3% | 10.1% |
| Population | 218 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Scotland
At this week's average 30-year rate of 7.11%, buying the median Scotland home of $102,500 with 20% down costs about $650 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $821, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $27,851 for the 20%-down payment. That payment is 13% of the median Scotland household income of $61,964; at that income and 20% down, the 28% guideline points to a home of about $228,000.
| Down payment | $20,500 |
|---|---|
| Loan amount | $82,000 |
| Principal and interest | $552 |
| Property taxes (0.65% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $650 |
Change the numbers in the calculator
| Down payment | $3,588 |
|---|---|
| Loan amount | $100,643 |
| Principal and interest | $677 |
| Property taxes (0.65% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $821 |
Change the numbers in the calculator
Questions about home buying in Scotland
What is the median home value in Scotland?
About $102,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Scotland?
Homeowners pay a median $665 a year, which is about 0.65% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Scotland?
For the median home with 20% down at 7.11%, the payment is about $650 a month. Keeping that under 28% of gross income takes about $27,851 a year.
More about Scotland
- Mortgage Refinance in Scotland
- Debt Relief in Scotland
- Home Equity Loans in Scotland
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data