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Scotland County

Learn about the people, housing, costs and businesses in Scotland County County

Median Home$117,991
Median Rent$808/month
Population33,590
Leading IndustryRetail19% of local workforce
Home Value Growthโฌ†+6.4% over 2 years
Young Adults28% of residentsslightly above average
Homeowners62% of occupied units
NotableAffordable Market$118k median home ยท lower cost than 86% of the country
Scotland County
NC

Frequently Asked Questions

What are today's mortgage rates in Scotland County?โ€บ

As of today, the 30-year fixed mortgage rate for Scotland County is approximately 7.105% (7.136% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Scotland County?โ€บ

The median home value in Scotland County is $118k. The median monthly rent is $808. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Scotland County?โ€บ

Home values in Scotland County have increased 6.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Scotland County?โ€บ

Based on a typical all-in ownership cost of $750/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income โ€” a common lender guideline. The median household income in Scotland County is $46k/year.

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What industries drive the economy in Scotland County?โ€บ

The largest employment sectors in Scotland County are public administration (25%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

๐Ÿ—บ๏ธ Nearby Areas

Adjacent counties and areas