The typical owner-occupied home in Scotland is worth about $214,000, 16% below the Pennsylvania median of $254,500 and 36% below the national median of $332,700. Owners pay a median $2,153 a year in property taxes, about 1.01% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $70,096 a year, so the median home costs 3.1 times the median income (3.3 times for Pennsylvania). 76% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Scotland at a glance
| Scotland | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $214,000 | $254,500 | $332,700 |
| Median property tax paid per year | $2,153 | $3,311 | $3,119 |
| Property tax as a share of value | 1.01% | 1.30% | 0.94% |
| Median household income | $70,096 | $77,971 | $80,734 |
| Homes lived in by their owners | 76% | 69% | 65% |
| Owner homes with a mortgage | 32% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,535 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 19.4% | 21.0% |
| Median rent | $867 | $1,209 | $1,413 |
| Rent as a share of renters' income | 19.3% | 29.2% | 30.6% |
| Median year homes were built | 1977 | 1965 | 1980 |
| Vacant homes | 0.0% | 9.2% | 10.1% |
| Population | 1,492 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Scotland
At this week's average 30-year rate of 7.11%, buying the median Scotland home of $214,000 with 20% down costs about $1,421 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,777, 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 $60,898 for the 20%-down payment. That payment is 24% of the median Scotland household income of $70,096; at that income and 20% down, the 28% guideline points to a home of about $246,000.
The median rent here is $867 a month, so owning the median home costs about $554 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $42,800 |
|---|---|
| Loan amount | $171,200 |
| Principal and interest | $1,152 |
| Property taxes (1.01% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| PMI | $0 |
| Total per month | $1,421 |
Change the numbers in the calculator
| Down payment | $7,490 |
|---|---|
| Loan amount | $210,124 |
| Principal and interest | $1,414 |
| Property taxes (1.01% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| FHA mortgage insurance | $95 |
| Total per month | $1,777 |
Change the numbers in the calculator
Questions about home buying in Scotland
What is the median home value in Scotland?
About $214,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Scotland?
Homeowners pay a median $2,153 a year, which is about 1.01% 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?
For the median home with 20% down at 7.11%, the payment is about $1,421 a month. Keeping that under 28% of gross income takes about $60,898 a year.
More about Scotland
- Mortgage Refinance in Scotland
- Debt Relief in Scotland
- Home Equity Loans in Scotland
- 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