Total monthly cost of ownership
Cost to Own a Home in Utica, New York
A $133,000 home here costs
$1,360per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $58,500 a year.
A standard mortgage calculator would have told you $725. The real number is $635 higher every month, 88% more than the payment most buyers budget for.
Compare Oneida County with anywhere in America · full county breakdown
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 $164 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
Talk to someone who works this market
These are Utica averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Utica every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Utica?
A $133,000 home in Utica, New York costs approximately $1,360 per month with 20% down at 7.24%. That is $725 principal and interest, $263 property tax, $29 homeowners insurance, $232 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 $1,360 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Utica?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Utica, New York at today's rate takes a household income of roughly $58,500 a year. That covers the full $1,360 monthly cost, not just the mortgage payment.
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.