Scotland, IN is a great place to live due to the relatively low median housing value of $118,800. Compared to the US median house value of $338,100, Scotland offers much more affordable home prices. Additionally, the US one year house appreciation rate is 8.27%, while Scotland's one year house appreciation rate is 12.85%. This high rate of appreciation demonstrates that purchasing a home in this area will be a wise investment for years to come.
The median home cost in Scotland is $118,800. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Scotland is up 16.7%.
Average Age of Homes
- The median age of Scotland real estate is 63 years old
The Rental Market in Scotland
- Renters make up 0.0% of the Scotland population
- 0.0% of houses and apartments in Scotland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.