The typical owner-occupied home in Scotts is worth about $135,500, 41% below the Michigan median of $231,600 and 59% below the national median of $332,700. Owners pay a median $1,414 a year in property taxes, about 1.04% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $67,054 a year, so the median home costs 2.0 times the median income (3.2 times for Michigan). 77% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Scotts at a glance
| Scotts | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $135,500 | $231,600 | $332,700 |
| Median property tax paid per year | $1,414 | $2,904 | $3,119 |
| Property tax as a share of value | 1.04% | 1.25% | 0.94% |
| Median household income | $67,054 | $72,875 | $80,734 |
| Homes lived in by their owners | 77% | 73% | 65% |
| Owner homes with a mortgage | 40% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,569 | $1,963 |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1945 | 1972 | 1980 |
| Vacant homes | 0.0% | 11.8% | 10.1% |
| Population | 237 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Scotts
At this week's average 30-year rate of 7.11%, buying the median Scotts home of $135,500 with 20% down costs about $903 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,129, 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 $38,704 for the 20%-down payment. That payment is 16% of the median Scotts household income of $67,054; at that income and 20% down, the 28% guideline points to a home of about $235,000.
| Down payment | $27,100 |
|---|---|
| Loan amount | $108,400 |
| Principal and interest | $729 |
| Property taxes (1.04% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $903 |
Change the numbers in the calculator
| Down payment | $4,742 |
|---|---|
| Loan amount | $133,046 |
| Principal and interest | $895 |
| Property taxes (1.04% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $60 |
| Total per month | $1,129 |
Change the numbers in the calculator
Questions about home buying in Scotts
What is the median home value in Scotts?
About $135,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Scotts?
Homeowners pay a median $1,414 a year, which is about 1.04% 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 Scotts?
For the median home with 20% down at 7.11%, the payment is about $903 a month. Keeping that under 28% of gross income takes about $38,704 a year.
More about Scotts
- Mortgage Refinance in Scotts
- Debt Relief in Scotts
- Home Equity Loans in Scotts
- 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