There are currently 18,601 real estate properties in Utica, NY, with a median automated valuation model (AVM) price of $155,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Utica, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Utica, NY, is $166,639.00, with the most expensive house in Utica, NY, topping out at $2,739,000.00 and the cheapest home in Utica, NY, clocking in at $20,535.00. In other words, there’s something for every potential homebuyer or savvy investor in Utica, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Utica, NY, is on a rollercoaster ride. The average rent price in Utica, NY, is $1,213.00. Indeed, when looking to rent in Utica, NY, you can expect to pay as little as $640.00 or as much as $3,170.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Utica, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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