Mortgage payment estimates, closing cost breakdowns, and homebuying data for Utica, New York.
Median Home Price
$145K
Population
65K
Avg Monthly Rent
$880
Property Tax Rate
1.72% *
* Property tax shown is the New York state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Utica.
Utica vs New York Median
The median home price in Utica is $145,000, which is 66% below the New York state median of $430,000.
Mortgage Calculator — Utica, NY
Pre-filled with Utica median home price and New York tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $145K home using New York's 1.72% tax rate and $2,100/yr insurance.
5% Down
$1,334/mo
Down: $7,250
Loan: $138K
P&I: $871
Tax: $208
Insurance: $175
PMI: $80
10% Down
$1,284/mo
Down: $14,500
Loan: $131K
P&I: $825
Tax: $208
Insurance: $175
PMI: $76
20% Down (No PMI)
$1,116/mo
Down: $29,000
Loan: $116K
P&I: $733
Tax: $208
Insurance: $175
Income needed (28% rule): $48K/year with 20% down, $55K/year with 10% down.
Rent vs Buy in Utica
Rent
$880/mo
vs
Buy (10% down)
$1,284/mo
Price-to-rent ratio: 13.7 — With a ratio under 15, buying in Utica is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $404 more than renting, but you build equity with every payment.
The median home price in Utica is $145,000, 66% below the New York state median of $430,000. With a population of 65,284, Utica is a smaller market where home prices tend to be more accessible than in many parts of New York.
Property taxes in New York average 1.72% annually. This higher-than-average tax rate means a $145,000 home in Utica would carry roughly $208/month in property taxes alone — plan accordingly. Homeowners insurance in New York runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Utica is $880/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Utica over the long term.
Utica offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with New York's SONYMA Achieving the Dream program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Utica.