The housing market in Utica, MN has seen a steady appreciation rate over the past year. The median value of homes is $323,900, which is lower than the national average of $338,100. However, the appreciation rate for homes in Utica is 6.78%, which is lower than the national average of 8.27%. This indicates that despite the lower median house value in Utica compared to other areas of the US, the value of these homes has still increased at a reasonable rate over the past year.
The median home cost in Utica is $323,900. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Utica is up 11.4%.
Average Age of Homes
- The median age of Utica real estate is 61 years old
The Rental Market in Utica
- Renters make up 14.2% of the Utica population
- 6.2% 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.