Scott's Addition has a much older population than other areas in Richmond with a median age of 24 years. It is also affluent with a median income of $43,354 per household. The Scott's Addition market is almost exclusively made up of detached homes, currently accounting for 100% overall. Heading the list of top schools in the neighborhood is Richmond Technical Center.
Some of the least expensive homes in Richmond are in Scott's Addition with a median home value of $96,900, while the list prices of available homes is currently at an average of $354,365. The Scott's Addition reported another in a series of 30-day periods with zero home sales. Scott's Addition usually averages 0.2 sales per month.
The typical dwelling in Scott's Addition is a two-bedroom condo worth about $213,000. To purchase a similar home, a buyer with good credit and a $42,600 cash down payment could obtain a mortgage with a 3.95% interest rate and a $78 monthly payment. The property tax rate is $12.69 per $1,000 of taxable assessed value.