The housing market in Scotland, TX has experienced strong appreciation over the past year. The median value of a house in Scotland is $161,200, which is substantially lower than the US median value of $338,100. This presents an opportunity for buyers who are looking for a more affordable option than what can be found in other parts of the country. Over the past year, appreciation was even higher than the US average with a rate of 15.22% compared to 8.27%. With prices that are relatively low and stable appreciation, Scotland is an attractive market for those looking for a real estate investment or a new place to call home.
The median home cost in Scotland is $161,200. Home appreciation the last 10 years has been 75.8%. Home Appreciation in Scotland is up 16.6%.
Average Age of Homes
- The median age of Scotland real estate is 40 years old
The Rental Market in Scotland
- Renters make up 8.4% 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.