Market Overview
Home Prices in Scotts Mills, OR
The median home value in Scotts Mills, OR is $648,404 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Scotts Mills are priced58% above average. Scotts Mills is part of the Salem, OR metro area.
Over the past five years, Scotts Mills home values have risen by approximately14.5%, reflecting steady appreciation in this market.
Price History
Scotts Mills Home Price Trend
City Comparison
Scotts Mills vs. National Median
At $648,404, homes in Scotts Mills cost 58% above the national median of $410,000. Buyers in Scotts Mills should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Scotts Mills?
20% Down Payment
$129,681
on $648,404
Monthly P&I
$3,382/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,295/mo
incl. taxes & insurance
Income Needed
$171,800
gross annual (30% rule)
10% Down Option
$64,840
+ PMI applies
Loan Amount (20% dn)
$518,723
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Scotts Mills, OR?
The median home value in Scotts Mills is $648,404 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Scotts Mills?
Over the past year, home values in Scotts Mills have increased by 0.8%. Over five years, prices have risen approximately 14.5%.
How much do I need to earn to buy a home in Scotts Mills?
To comfortably afford the median home price of $648,404 with a 20% down payment ($129,681) at today's rates (6.8%), you'd need a gross annual income of approximately $171,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Scotts Mills compare to the national average home price?
The national median home value is approximately $410,000. At $648,404, homes in Scotts Mills are 58% above the national average.
What metro area is Scotts Mills part of?
Scotts Mills is part of the Salem, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.