Total monthly cost of ownership
Cost to Own a Home in Utica, New York
A $133,000 home here costs
$1,424per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $684. The real number is $741 higher every month — 108% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Utica against Oneida County and New York
| Measure | Utica | Oneida County |
|---|---|---|
| Median home value | $133,400 | $171,100 |
| Median property tax | $3,170 | $3,646 |
| Effective tax rate | 2.376% | 2.131% |
| Median gross rent | $907 | $917 |
| Population | 64,440 | 229,645 |
The weather behind that power bill
Utica sits in Oneida County, which averages a high of 80.9°F in its hottest month and a low of 12.9°F in its coldest, with 43.82" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 473 cooling and 7,124 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Oneida County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Oneida County
Full Oneida County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Utica?
A $133,000 home in Utica, New York costs approximately $1,424 per month with 20% down at 6.66%. That is $684 principal and interest, $263 property tax, $29 homeowners insurance, $337 utilities and $111 set aside for maintenance.
What is the property tax rate in Utica?
Utica has an effective property tax rate of 2.376%, based on a median home value of $133,400 and median real estate taxes of $3,170. That is higher than the Oneida County average of 2.131%.
What is the average home price in Utica?
The median owner-occupied home value in Utica, New York is $133,400, against $171,100 across Oneida County.
Is it cheaper to rent or buy in Utica?
Median gross rent in Utica is $907 a month, against $1,424 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Utica — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New York.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.