Utica, NY Housing Market
AI-powered market intelligence for the Utica-Rome, NY metro area.
PropertyIQ Scores
Utica, NY Market Analysis
Market Overview
Utica, NY currently presents as a strong residential real estate market, reflected in a PropertyIQ Score of 94 out of 100. That high score is supported by solid home value momentum, a relatively quick sales pace, and a limited share of listings requiring price cuts. Compared with New York state benchmarks, Utica stands out primarily for affordability. The median home value in Utica is $233,378, which is less than half the statewide median of $526,714. At the same time, the rent index of $1,432 is only about 9% below the state average of $1,576, meaning renting in Utica remains relatively close to the statewide rental cost while buying is much less expensive.
The market’s top score drivers help explain this strength. Home value momentum over 12 months is 12.08%, and the 3-month momentum is 0.92%. Median days on market sit at 49 days, and only 14.9% of listings have a price cut. These figures point to steady buyer demand without widespread seller discounting. Unemployment in Utica is 3.9%, below the state average of 4.4%, adding another layer of stability. Median household income is $68,830, which is lower than the state average of $84,578, but the substantially lower median home value helps offset that income gap.
Key Trends
One clear trend is strong annual home value appreciation, though the pace may be moderating. The 12-month home value momentum of 12.08% indicates meaningful year-over-year growth. The 3-month momentum of 0.92% is positive but much smaller, suggesting that the fastest price gains may be easing. The dataset also lists a home value year-over-year change of $4, which is difficult to reconcile with the 12-month momentum figure of 12.08%; because the dollar value appears inconsistent, the percentage momentum metrics are the more useful trend signals.
A second trend is a relatively fast-moving but not frantic market. Median days on market is 49 days, which indicates that homes are selling in about seven weeks on average. The share of listings with a price cut is 14.9%, meaning the large majority of sellers are not reducing their asking price. That combination points to healthy demand and limited downward pricing pressure, although it is not an extreme seller’s market.
Affordability is another defining trend. With a median home value of $233,378 compared with the state’s $526,714, Utica offers a significant cost advantage for buyers. The rent index of $1,432 is close to the state average of $1,576, meaning renters do not receive the same relative discount that homebuyers do. This may encourage renters to consider purchasing, especially with mortgage costs potentially competitive with rent at this price level.
Finally, the economic backdrop is steady. The unemployment rate of 3.9% is below the state average of 4.4%, which supports local housing demand. However, population growth is listed as N/A in the available data, so it is not possible to determine whether the market is benefiting from in-migration or broader demographic expansion. That missing data point limits a full assessment of long-term demand drivers.
Who Is This Market For
Utica is well suited to first-time homebuyers. With a median home value of $233,378 and a median household income of $68,830, the market offers a more accessible entry point than much of New York state. The state median home value of $526,714 would be a much larger financial stretch for the same income level. A median days on market of 49 days means buyers should be prepared to act, but the 14.9% share of listings with a price cut also suggests some room for negotiation.
Investors may also find Utica appealing. The rent index of $1,432 against a median home value of $233,378 implies a gross rental yield around 7.4% before operating expenses, taxes, and vacancy costs. That is an attractive starting point for cash-flow-oriented buyers compared with many higher-priced markets. The below-state-average unemployment rate of 3.9% supports a reasonably stable tenant base, though the lack of population growth data means investors cannot confirm a clear demand tailwind from new residents.
Move-up buyers can also benefit from the affordability gap relative to the state. Homeowners selling elsewhere in New York may find that their equity stretches much further in Utica. The lower median home value allows buyers to purchase more space or reduce their mortgage burden compared with state-level prices.
Outlook
The data supports a continued stable outlook for Utica, though the pace of price growth may moderate. The 12-month home value momentum of 12.08% shows strong annual appreciation, while the 3-month momentum of 0.92% suggests that recent growth has slowed but remains positive. A 49-day median days on market and a 14.9% price-cut share indicate balanced to slightly seller-favorable conditions without severe overheating. The unemployment rate of 3.9% and the affordability advantage relative to the state suggest ongoing buyer interest. Because population growth is not available, future demand from demographic expansion cannot be projected with confidence. Overall, the numbers point to a steady market with strong affordability and moderate momentum rather than a sharp acceleration or decline.
AI-generated analysis based on current market data. Last updated September 26, 2026.
Get Utica, NY market updates
Choose your role for tailored insights.
Utica, NY market data
Utica, NY Housing Market Overview
Utica, NY's median home value is $233K, up 12.1% over the past year. Homes here sell in a median 49 days. Its PropertyIQ Score of 94 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
PropertyIQ tracks the Utica, NY housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this NY market is set to perform against its state benchmark.
The Mid-Atlantic corridor benefits from proximity to major financial centers and government institutions. Housing markets in this region balance urban density with suburban expansion, creating varied opportunities from walkable city neighborhoods to rapidly growing exurbs. Within the Mid-Atlantic, Utica, NY's PropertyIQ Score of 94 ranks among the Mid-Atlantic's stronger demand signals.
New York's housing landscape spans from the nation's most expensive urban neighborhoods to affordable upstate markets with university-driven stability. The post-pandemic remote work shift has redistributed demand across the state.
For the Utica, NY market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 12.1% over the past year.
Use PropertyIQ's interactive analytics to compare Utica, NY against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Utica, NY metro area
ZIP codes in the Utica, NY metro area
View all 57 →Top markets in NY
Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Utica, NY a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Utica, NY currently scores 94, a very strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $233K, up 12.1% over the past year. So whether Utica, NY is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Utica, NY?
Utica, NY's PropertyIQ Score is 94, indicating very strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 94 places Utica, NY above its state benchmark.
Are home prices in Utica, NY rising or falling?
Home prices in Utica, NY are rising. Over the past year, the median home value increased 12.1%, reaching $233K. Over the latest three months, values moved up 0.9%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Utica, NY's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Utica, NY?
In Utica, NY, homes sell in a median of 49 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 15% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Utica, NY market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.