Watcharu Finance

Utica, NY mortgage & affordability calculator

The typical home in Utica, NY is worth about $145,000. With 20% down that's a loan near $116,000 — the calculator is pre-filled with that figure. Utica has some of the least expensive housing of any U.S. metro, but Oneida County's effective property tax rate is high enough that the monthly tax bill can rival what a buyer in a much pricier Sun Belt metro pays. A new computer-chip fabrication plant nearby has brought fresh manufacturing investment to the area.

$753.15 / month

Total interest
$155,128
Total paid
$271,128
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$29k$58k$87k$116k0612182430Year

How much you need to earn

Utica, NY's median household income is about $55,000 a year. Under standard 28/36 lending rules that supports a home price around $157,286 with 20% down — comfortably above the $145,000 typical price.

$157,336 max home price

Max loan amount
$128,336
Housing payment budget
$1,283
P&I budget
$833
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Utica, NY is about $1,000 a month, so owning the median home costs roughly $204 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Utica, NY?
On the metro's roughly $145,000 typical home with 20% down, the loan is about $116,000. Principal and interest run near $753 a month at today's rate, and Utica, NY's property tax plus insurance add about $450, for a full payment near $1,204.
Can I afford a home in Utica, NY on the median income?
The median household income is about $55,000 a year. Under standard 28/36 lending rules that supports a home price around $157,286 with 20% down — above the $145,000 typical price, so a median home is within reach.
Is it cheaper to rent or buy in Utica, NY?
Typical asking rent is about $1,000 a month. The full owner payment on a median home is near $1,204, so owning costs roughly $204 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Utica, NY?
The effective property tax rate in the core county is about 2.90% of market value — roughly $4,205 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Utica, NY rising or falling?
Home values are up about 5% over the past year. Utica has some of the least expensive housing of any U.S. metro, but Oneida County's effective property tax rate is high enough that the monthly tax bill can rival what a buyer in a much pricier Sun Belt metro pays. A new computer-chip fabrication plant nearby has brought fresh manufacturing investment to the area.

Nearby metros

← All New York mortgage figures

← All metro calculators