The typical owner-occupied home in Scotland County is worth about $114,900, 60% below the North Carolina median of $288,900 and 65% below the national median of $332,700. Owners pay a median $1,068 a year in property taxes, about 0.93% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $45,730 a year, so the median home costs 2.5 times the median income (4.0 times for North Carolina). 62% 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 | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $114,900 | $288,900 | $332,700 |
| Median property tax paid per year | $1,068 | $1,896 | $3,119 |
| Property tax as a share of value | 0.93% | 0.66% | 0.94% |
| Median household income | $45,730 | $72,388 | $80,734 |
| Homes lived in by their owners | 62% | 67% | 65% |
| Owner homes with a mortgage | 46% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,231 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 19.4% | 21.0% |
| Median rent | $778 | $1,228 | $1,413 |
| Rent as a share of renters' income | 31.0% | 29.5% | 30.6% |
| Median year homes were built | 1982 | 1991 | 1980 |
| Vacant homes | 12.9% | 12.5% | 10.1% |
| Population | 33,590 | 10,730,404 | 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 $114,900 with 20% down costs about $755 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $947, 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 $32,369 for the 20%-down payment. That payment is 20% of the median Scotland County household income of $45,730; at that income and 20% down, the 28% guideline points to a home of about $162,000.
The median rent here is $778 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,980 |
|---|---|
| Loan amount | $91,920 |
| Principal and interest | $618 |
| Property taxes (0.93% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $755 |
Change the numbers in the calculator
| Down payment | $4,022 |
|---|---|
| Loan amount | $112,819 |
| Principal and interest | $759 |
| Property taxes (0.93% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $947 |
Change the numbers in the calculator
Questions about home buying in Scotland County
What is the median home value in Scotland County?
About $114,900 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 $1,068 a year, which is about 0.93% 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 $755 a month. Keeping that under 28% of gross income takes about $32,369 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