Utica, NY

Population: 62,110
Average annual home appreciation rate: -13.21%
Total of homes for sale in this market:
Median home price: $82,279
Median Rent: $473 per room
Home price range: 48.61% of homes are between $49,001 – $98,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 41.17% of homes are SMALL APARTMENT BUILDINGS
Number of vacant homes: 14.28%
Number of renters: 51.90%
Number of owner occupied: 48.11%
Number people living below poverty level: 29.12%
Unemployment rate: 8.9%
Is this area perfect for real estate deals going on right now? Lower home prices, high poverty and unemployment rate, multiple vacant properties available on the market, motivated sellers…this could very well be the perfect storm for the savvy real estate investor.

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