The housing market in Utica, MI is quite impressive. The median value of housing in the town is $230,400, which is much lower than the US median value of $338,100. Despite this lower price tag, the appreciation rate for houses over the past year has been rather close to that of the United States as a whole with 8.00% compared to 8.27% nationwide. This indicates that Utica homes have held their value well and may be seen as an attractive investment option for those looking to get into the housing market in Michigan.
The median home cost in Utica is $230,400. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Utica is up 11.2%.
Average Age of Homes
- The median age of Utica real estate is 44 years old
The Rental Market in Utica
- Renters make up 40.1% of the Utica population
- 1.7% 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.