Utica, NY—13501
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Utica, NY
Home Price Trends — Utica, NY
As of Oct '25, the median home price in Utica, NY is $203,000, with a year-over-year change of 8.1%. This indicates that home prices in Utica, NY are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | 8.1% |
| Single Family | $203,000 | 8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $181,000 | 10.4% |
3 Bed | $206,000 | 9.0% |
4 Bed | $217,000 | 8.0% |
| 5 Bed | $214,000 | 7.5% |
% of Housing Stock
Rental Trends — Utica, NY
As of July '25, Rentcast reports the average rent in Utica, NY is $1,440, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Utica, NY is studios: $875, 1-bedrooms: $1,280, 2-bedrooms: $1,320, 3-bedrooms: $1,430, 4-bedrooms: $2,280. The most common rental property sizes in Utica, NY are 3-bedroom and 2-bedroom, accounting for 38.3% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,440 |
| Studio Rent | $875 | $875 |
| 1 Bed Rent | $1,400 | $1,280 |
| 2 Bed Rent | $1,000 | $1,320 |
| 3 Bed Rent | $1,250 | $1,430 |
| 4 Bed Rent | $2,000 | $2,280 |
% of Rental Stock
Property Listings — Utica, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Utica, NY is 50. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 12.0% |
Listing Count | 60 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 50 | 25.0% |
Demographics — Utica, NY
As of the latest ACS Survey released in 2023, Utica, NY has a population of 40,200, which has increased by 6.9% over the past 5 years. Utica, NY is a popular place for families, as children make up 27.3% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,200 | 6.9% |
% Under 18 | 27.3% | 4.2% |
% Seniors | 16.0% | 6.7% |
% WFH | 8.2% | 74.5% |
% w/ College Degree | 21.9% | 13.5% |
As of the latest ACS Survey released in 2023, Utica, NY is a predominantly white area, with 48.9% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Utica, NY is black, making up 15.0% of the population. Foreign-born residents account for 25.4% of the population in Utica, NY, and this percentage has increased by 2.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.9% | -8.4% |
% Black | 15.0% | 4.2% |
% Hispanic | 14.5% | 16.0% |
% Asian | 13.9% | -16.3% |
% Foreign Born | 25.4% | 2.0% |
Mortgage and Risk — Utica, NY
According to HUD data as of 2023, there were 314 mortgage originations in Utica, NY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Utica, NY. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 314 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Utica, NY
As of 2024, the percent of homes in Utica, NY under the Section 8 program is 21.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Utica, NY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,275 |
Total Units Section 8 | 1,646 |
% Rentals under Section 8 | 21.4% |
% Occupied Section 8 | 88.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$590 | $1,400 | $810 |
| 2 Bedroom | $10 | $1,000 | $1,010 |
| 3 Bedroom | -$30 | $1,250 | $1,220 |
| 4 Bedroom | -$560 | $2,000 | $1,440 |
Affordability — Utica, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $203,000 |
| Median Household Income | $49,800 |