Home Values

Utica Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$206,400

  • 7.7% 1-year change
  • 1.6% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Utica is $206,400. Utica home values have gone up 7.7% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Utica is $118, which is higher than the Detroit Metro average of $103. The median price of homes currently listed in Utica is $245,900 while the median price of homes that sold is $218,500. The median rent price in Utica is $1,200, which is higher than the Detroit Metro median of $875.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Utica is 3.2%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Utica homeowners underwater on their mortgage is 12.4%, which is lower than Detroit Metro at 23.2%.

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Relative ZHVI
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Utica Market Overview

Data through Oct 31, 2014
  • $206,400 ZHVI
  • 1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $245,900 Median listing price
  • $218,500 Median sale price
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Utica Market Health

Data through Oct 31, 2014
  • 6.2/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Rochester $300,600
Rochester Hills $267,000
Washington $266,600
Name Median ZHVI
Troy $258,500
Macomb Township $242,600
Ray $218,700
Name Median ZHVI
Sterling Heights $163,200
Clinton Township $135,700
Fraser $118,800

Listings & Sales

Data through Oct 31, 2014
  • $118 Median list price / sq ft
  • $115 Median sale price / sq ft
  • 49.5% Listings with price cut
18.5%
Sold below listing
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Utica Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,466 Utica
    $1,063 Detroit Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,200 Rent list price
  • $0.97 Rent list price / sq ft
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