The typical owner-occupied home in Scottsville is worth about $309,600, 19% below the Virginia median of $383,700 and 7% below the national median of $332,700. Owners pay a median $1,964 a year in property taxes, about 0.63% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $40,417 a year, so the median home costs 7.7 times the median income (4.1 times for Virginia). 58% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Scottsville at a glance
| Scottsville | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $309,600 | $383,700 | $332,700 |
| Median property tax paid per year | $1,964 | $2,790 | $3,119 |
| Property tax as a share of value | 0.63% | 0.73% | 0.94% |
| Median household income | $40,417 | $93,170 | $80,734 |
| Homes lived in by their owners | 58% | 67% | 65% |
| Owner homes with a mortgage | 48% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,875 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 27.9% | 20.1% | 21.0% |
| Median rent | $900 | $1,579 | $1,413 |
| Rent as a share of renters' income | 21.9% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1984 | 1980 |
| Vacant homes | 24.8% | 8.7% | 10.1% |
| Population | 510 | 8,705,170 | 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 $309,600 with 20% down costs about $1,958 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,473, 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 $83,901 for the 20%-down payment. That payment is 58% of the median Scottsville household income of $40,417; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $900 a month, so owning the median home costs about $1,058 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $61,920 |
|---|---|
| Loan amount | $247,680 |
| Principal and interest | $1,666 |
| Property taxes (0.63% a year) | $163 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| PMI | $0 |
| Total per month | $1,958 |
Change the numbers in the calculator
| Down payment | $10,836 |
|---|---|
| Loan amount | $303,992 |
| Principal and interest | $2,045 |
| Property taxes (0.63% a year) | $163 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| FHA mortgage insurance | $137 |
| Total per month | $2,473 |
Change the numbers in the calculator
Questions about home buying in Scottsville
What is the median home value in Scottsville?
About $309,600 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 $1,964 a year, which is about 0.63% 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 $1,958 a month. Keeping that under 28% of gross income takes about $83,901 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