Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,942 people, 2,191 houses or apartments, and a median cost of homes of $147,262, Utica real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Utica, accounting for 41.24% of the city's housing units. Other types of housing that are prevalent in Utica include row houses and other attached homes ( 27.59%), large apartment complexes or high rise apartments ( 26.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.52%).
People in Utica primarily live in small (one, two or no bedroom) single-family detached homes. Utica has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Utica built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Utica built between 1940-1969 ( 34.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.27%). There's also some housing in Utica built before 1939 ( 8.32%).
Utica's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Utica during the period has been just -1.58%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Utica's appreciation rate, at 5.15%, has been at or slightly above the national average. In the latest quarter, Utica's appreciation rate has been 1.86%, which annualizes to a rate of 7.66%.
Importantly, this makes Utica one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Michigan, our data show that Utica's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Utica differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Utica - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Utica real estate investment or home purchase decisions.
|$931,001 - $1,242,000||0.0|
|$621,001 - $931,000||0.0|
|$497,001 - $621,000||0.0|
|$373,001 - $497,000||0.5|
|$249,001 - $373,000||5.8|
|$124,001 - $249,000||53.1|
|$62,001 - $124,000||21.0|
|$0 - $62,000||19.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Utica HOMES|
|2000 or Newer||17.3|
|1970 - 1999||40.0|
|1940 - 1969||34.4|
|1939 or Older||8.3|
|TYPE OF Utica HOMES|
|Small Apt. Buildings||4.5|
|SIZE OF Utica HOMES|
|5 or more bedrooms||2.22|