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 presents as a strong housing market, with a PropertyIQ Score of 96 out of 100. The score is supported by home value momentum of 13.44% over the past 12 months, a median days on market of 46 days, and a relatively low share of listings with a price cut at 13.0%. These indicators point to a market where homes are selling at a steady pace and sellers are not frequently reducing asking prices. At the same time, Utica’s median home value of $234,055 is well below the state average of $527,312, and its rent index of $1,429 is below the state benchmark of $1,576. This combination creates a market that is both high-performing and comparatively affordable within New York State.
The market’s strength is reinforced by an unemployment rate of 3.9%, which is lower than the state average of 4.6%. Median household income in Utica is $68,830, below the state average of $84,578, but the lower cost of housing helps offset that income gap. A median home value of $234,055 against median household income of $68,830 suggests a more accessible price-to-income relationship than the state-level comparison of $527,312 to $84,578. With 674 homes for sale and a median days on market of 46, the market shows enough inventory to give buyers options while still favoring sellers. Population growth data is not available, so the analysis cannot incorporate that long-term demand signal.
Key Trends
The first trend is strong annual price momentum. The 12-month home value momentum of 13.44% indicates meaningful appreciation over the past year. By contrast, the 3-month home value momentum of 1.08% suggests that the pace of appreciation has slowed in the most recent quarter, though it remains positive. The dataset also lists a year-over-year home value change of $5, a very small absolute dollar movement that should be read with caution alongside the percentage-based momentum figures.
A second trend is a relatively efficient sales pace. The median days on market is 46, and only 13.0% of listings have a price cut. These figures point to healthy buyer demand and limited pressure on sellers to discount. With 674 homes for sale, inventory is not extremely tight, but the low price-cut share suggests that well-priced homes are moving without significant negotiation.
A third trend is Utica’s affordability advantage. The median home value of $234,055 is less than half the state average of $527,312. The rent index of $1,429 is also below the state average of $1,576. Because median household income is $68,830, the local price-to-income relationship is far more favorable than the state-level relationship based on $84,578 and $527,312. This affordability gap may continue to attract buyers and renters looking for lower-cost options within the state.
A fourth trend is labor market resilience. Utica’s unemployment rate of 3.9% is below the state average of 4.6%, which can support housing demand by providing more stable employment conditions. While population growth is not reported, the lower unemployment rate is a positive signal for local economic activity.
Who Is This Market For
Utica is well suited to first-time homebuyers who are priced out of higher-cost New York markets. A median home value of $234,055, compared with the state average of $527,312, means entry-level buyers can likely find more attainable purchase prices. The lower rent index of $1,429 may also make the transition from renting to owning more compelling, especially for renters currently paying higher statewide rents. The low share of price cuts and 46-day median days on market suggest buyers should be prepared to act, but the market is not showing extreme scarcity with 674 homes for sale.
Investors may also find Utica attractive based on the data. The 12-month home value momentum of 13.44% points to recent appreciation, while the rent index of $1,429 provides a baseline for rental income expectations. The below-state-average home values may allow investors to enter at a lower price point, and the unemployment rate of 3.9% supports a relatively stable base of potential tenants. However, the lack of population growth data means investors cannot rely on demographic expansion as a demand driver in this dataset.
Move-up buyers and current homeowners may benefit from the equity gains implied by the 13.44% 12-month home value momentum, though the more modest 3-month momentum of 1.08% suggests that recent appreciation has been slower. Overall, this is a market that favors value-conscious buyers, entry-level investors, and local wage earners whose incomes are below state averages but whose housing costs are also lower.
Outlook
The data points toward continued stability in Utica’s housing market, though the pace of appreciation may be moderating. The 12-month home value momentum of 13.44% remains strong, but the 3-month momentum of 1.08% suggests recent growth has been more measured. With a median days on market of 46 and a price-cut share of 13.0%, buyer demand appears steady enough to support current pricing without forcing widespread discounting. The unemployment rate of 3.9% is below the state average, which can help sustain housing activity. The main uncertainty in the long-term outlook is the absence of population growth data, which limits any assessment of future demand from new residents. Based on the available metrics, Utica’s combination of affordability, low unemployment, and efficient sales conditions supports a positive but not overheated near-term market environment.
AI-generated analysis based on current market data. Last updated September 9, 2026.
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Utica, NY market data
Utica, NY Housing Market Overview
Utica, NY's median home value is $234K, up 13.4% over the past year. Homes here sell in a median 46 days. Its PropertyIQ Score of 96 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 96 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 13.4% 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
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Market data through July 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 96, 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 $234K, up 13.4% 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 96, 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 96 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 13.4%, reaching $234K. Over the latest three months, values moved up 1.1%, 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 46 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 13% 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 July 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.