The housing market in Utica, NY is thriving and has seen a high demand for homes. According to recent data, the median house value in Utica is $161,800 and the US median is $338,100. This is lower than the national average but it demonstrates that Utica is a good place to invest as there is still potential for appreciation. Over the past year, house appreciation in Utica has been 11.97% compared to 8.27% nationally. With such a high rate of growth, more people are looking for homes in this area and the market looks promising for those looking to buy or sell property.
The median home cost in Utica is $161,800. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Utica is up 15.8%.
Average Age of Homes
- The median age of Utica real estate is 78 years old
The Rental Market in Utica
- Renters make up 45.7% of the Utica population
- 3.8% of houses and apartments in Utica, 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.