The typical owner-occupied home in Scottsville is worth about $169,000, 60% below the New York median of $423,800 and 49% below the national median of $332,700. Owners pay a median $5,763 a year in property taxes, about 3.41% of their home's value, higher than the New York rate of 1.55%. The median household earns $80,024 a year, so the median home costs 2.1 times the median income (4.9 times for New York). 72% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Scottsville at a glance
| Scottsville | New York | U.S. | |
|---|---|---|---|
| Median home value | $169,000 | $423,800 | $332,700 |
| Median property tax paid per year | $5,763 | $6,582 | $3,119 |
| Property tax as a share of value | 3.41% | 1.55% | 0.94% |
| Median household income | $80,024 | $85,974 | $80,734 |
| Homes lived in by their owners | 72% | 54% | 65% |
| Owner homes with a mortgage | 76% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,499 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 21.2% | 22.5% | 21.0% |
| Median rent | $1,084 | $1,621 | $1,413 |
| Rent as a share of renters' income | 25.5% | 31.2% | 30.6% |
| Median year homes were built | 1958 | 1959 | 1980 |
| Vacant homes | 1.0% | 10.0% | 10.1% |
| Population | 2,723 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Scottsville
At this week's average 30-year rate of 7.11%, buying the median Scottsville home of $169,000 with 20% down costs about $1,460 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,742, 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 $62,578 for the 20%-down payment. That payment is 22% of the median Scottsville household income of $80,024; at that income and 20% down, the 28% guideline points to a home of about $216,000.
The median rent here is $1,084 a month, so owning the median home costs about $376 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,800 |
|---|---|
| Loan amount | $135,200 |
| Principal and interest | $910 |
| Property taxes (3.41% a year) | $480 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,460 |
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| Down payment | $5,915 |
|---|---|
| Loan amount | $165,939 |
| Principal and interest | $1,116 |
| Property taxes (3.41% a year) | $480 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $75 |
| Total per month | $1,742 |
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Questions about home buying in Scottsville
What is the median home value in Scottsville?
About $169,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Scottsville?
Homeowners pay a median $5,763 a year, which is about 3.41% 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 Scottsville?
For the median home with 20% down at 7.11%, the payment is about $1,460 a month. Keeping that under 28% of gross income takes about $62,578 a year.
More about Scottsville
- Mortgage Refinance in Scottsville
- Debt Relief in Scottsville
- Home Equity Loans in Scottsville
- 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