The typical owner-occupied home in Scotia is worth about $102,800, 57% below the Nebraska median of $238,600 and 69% below the national median of $332,700. Owners pay a median $1,538 a year in property taxes, about 1.50% of their home's value, close to the Nebraska rate of 1.49%. The median household earns $45,000 a year, so the median home costs 2.3 times the median income (3.1 times for Nebraska). 78% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Scotia at a glance
| Scotia | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $102,800 | $238,600 | $332,700 |
| Median property tax paid per year | $1,538 | $3,549 | $3,119 |
| Property tax as a share of value | 1.50% | 1.49% | 0.94% |
| Median household income | $45,000 | $76,475 | $80,734 |
| Homes lived in by their owners | 78% | 67% | 65% |
| Owner homes with a mortgage | 45% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,169 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 34.5% | 19.5% | 21.0% |
| Median rent | $581 | $1,072 | $1,413 |
| Rent as a share of renters' income | 14.4% | 27.9% | 30.6% |
| Median year homes were built | 1938 | 1975 | 1980 |
| Vacant homes | 16.7% | 7.6% | 10.1% |
| Population | 428 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Scotia
At this week's average 30-year rate of 7.11%, buying the median Scotia home of $102,800 with 20% down costs about $725 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $896, 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 $31,053 for the 20%-down payment. That payment is 19% of the median Scotia household income of $45,000; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $581 a month, so owning the median home costs about $144 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $20,560 |
|---|---|
| Loan amount | $82,240 |
| Principal and interest | $553 |
| Property taxes (1.50% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $725 |
Change the numbers in the calculator
| Down payment | $3,598 |
|---|---|
| Loan amount | $100,938 |
| Principal and interest | $679 |
| Property taxes (1.50% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $896 |
Change the numbers in the calculator
Questions about home buying in Scotia
What is the median home value in Scotia?
About $102,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Scotia?
Homeowners pay a median $1,538 a year, which is about 1.50% 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 Scotia?
For the median home with 20% down at 7.11%, the payment is about $725 a month. Keeping that under 28% of gross income takes about $31,053 a year.
More about Scotia
- Mortgage Refinance in Scotia
- Debt Relief in Scotia
- Home Equity Loans in Scotia
- 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