The typical owner-occupied home in Scotland County is worth about $158,800, 31% below the Missouri median of $230,300 and 52% below the national median of $332,700. Owners pay a median $1,248 a year in property taxes, about 0.79% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $68,913 a year, so the median home costs 2.3 times the median income (3.3 times for Missouri). 82% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Scotland County at a glance
| Scotland County | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $158,800 | $230,300 | $332,700 |
| Median property tax paid per year | $1,248 | $1,948 | $3,119 |
| Property tax as a share of value | 0.79% | 0.85% | 0.94% |
| Median household income | $68,913 | $70,702 | $80,734 |
| Homes lived in by their owners | 82% | 68% | 65% |
| Owner homes with a mortgage | 46% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,216 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 19.0% | 21.0% |
| Median rent | $511 | $1,033 | $1,413 |
| Rent as a share of renters' income | 19.9% | 28.1% | 30.6% |
| Median year homes were built | 1971 | 1978 | 1980 |
| Vacant homes | 29.6% | 11.2% | 10.1% |
| Population | 4,686 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Scotland County
At this week's average 30-year rate of 7.11%, buying the median Scotland County home of $158,800 with 20% down costs about $1,025 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,290, 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 $43,942 for the 20%-down payment. That payment is 18% of the median Scotland County household income of $68,913; at that income and 20% down, the 28% guideline points to a home of about $249,000.
The median rent here is $511 a month, so owning the median home costs about $514 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,760 |
|---|---|
| Loan amount | $127,040 |
| Principal and interest | $855 |
| Property taxes (0.79% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $1,025 |
Change the numbers in the calculator
| Down payment | $5,558 |
|---|---|
| Loan amount | $155,924 |
| Principal and interest | $1,049 |
| Property taxes (0.79% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,290 |
Change the numbers in the calculator
Questions about home buying in Scotland County
What is the median home value in Scotland County?
About $158,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Scotland County?
Homeowners pay a median $1,248 a year, which is about 0.79% 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 County?
For the median home with 20% down at 7.11%, the payment is about $1,025 a month. Keeping that under 28% of gross income takes about $43,942 a year.
More about Scotland County
- Mortgage Refinance in Scotland County
- Debt Relief in Scotland County
- Home Equity Loans in Scotland County
- 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