Utica New York Residential Rent and Rental Statistics
The median monthly gross residential rent in Utica, NY (the Utica-Rome metro area) was $728 in 2019 according to the Census ACS survey.1 Average gross rent in Utica was $748 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Utica median and average rent data will be released in September of 2021.
Data is also available below for Utica rental vacancy rates, Utica rent as a percent of median income and the fraction of renters in Utica.
Real Gross Rent in Utica New York (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New York Median Gross Rent | $1,309 | +0.93% | +4.72% |
| Utica, NY Median Gross Rent | $728 | -3.83% | +0.55% |
Utica, NY Real Gross Rent Trends
Median gross rent for Utica peaked in real terms in 2015 at $763 and is now $35 (4.59%) lower. Average gross rent for Utica peaked in real terms in 2018 at $754 and is now $6 (0.80%) lower.
Real Gross Rent in Utica: Utica NY Median, Utica NY Average, New York Median, US Median
Real Gross Rent History for Utica
| Date | US Median |
New York Median |
Utica, NY Median |
Utica, NY Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,309 | $728 | $748 |
| 2018 | $1,077 | $1,297 | $757 | $754 |
| 2017 | $1,043 | $1,264 | $734 | $727 |
| 2016 | $1,027 | $1,250 | $724 | $707 |
| 2015 | $1,017 | $1,244 | $763 | $746 |
| 2014 | $986 | $1,212 | $753 | $733 |
| 2013 | $953 | $1,168 | $704 | $691 |
| 2012 | $940 | $1,148 | $696 | $671 |
| 2011 | $941 | $1,143 | $707 | $705 |
| 2010 | $955 | $1,140 | $730 | $730 |
| 2009 | $960 | $1,121 | $687 | $695 |
| 2007 | $927 | $1,066 | $686 | $678 |
| 2005 | $910 | $1,051 | $683 | $636 |
Utica Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Utica New York was 6.17% according to Census ACS data.
Rental Vacancy Rate in Utica New York
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New York | 4.00% | -0.20% | -0.42% |
| Utica, NY | 6.17% | +0.30% | +1.45% |
Trends in Utica, NY Rental Vacancy Rate
The rental vacancy rate in Utica peaked in 2007 at 9.61%. Since then it has fallen by 3.44% to 6.17%. Data records for this series originated in 2005. From a 2008 post peak low of 3.61%, the rental vacancy rate has increased by 2.56%.
Rental Vacancy Rate: Utica NY, New York, US
Historical Rental Vacancy Rate data for Utica
| Date | US | New York | Utica, NY |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | 6.17% |
| 2018 | 6.15% | 4.20% | 5.87% |
| 2017 | 6.18% | 4.19% | 8.61% |
| 2016 | 5.89% | 4.42% | 4.72% |
| 2015 | 5.85% | 4.41% | 7.51% |
| 2014 | 6.32% | 4.34% | 4.35% |
| 2013 | 6.49% | 4.17% | 5.13% |
| 2012 | 6.77% | 4.34% | 5.95% |
| 2011 | 7.40% | 4.48% | 5.10% |
| 2010 | 8.17% | 5.03% | 6.80% |
| 2009 | 8.43% | 4.78% | 5.18% |
| 2007 | 7.87% | 4.70% | 9.61% |
| 2005 | 7.74% | 4.80% | 5.88% |
Rent as a Fraction of Income
Using median household income data for Utica, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Utica, median monthly gross rent as a fraction of median household income was 15.12% in 2019 according to the ACS.
Utica New York Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| New York | 21.78% | -0.75% | -0.99% |
| Utica, NY | 15.12% | -1.03% | -0.66% |
Trends in Utica, NY Rent as a Fraction of Income
The fraction of median Utica household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 18.50%. Since then it has fallen by 3.38% to 15.12%.
Fraction of Income towards Rent: Utica NY, New York, US
Historical Data for Annual Rent as a Fraction of Income in Utica New York
| Date | US | New York | Utica, NY |
|---|---|---|---|
| 2019 | 20.03% | 21.78% | 15.12% |
| 2018 | 20.50% | 22.53% | 16.15% |
| 2017 | 20.13% | 22.67% | 16.36% |
| 2016 | 20.43% | 22.78% | 15.78% |
| 2015 | 20.63% | 23.13% | 17.63% |
| 2014 | 20.89% | 23.40% | 17.92% |
| 2013 | 20.78% | 23.20% | 18.50% |
| 2012 | 20.65% | 22.94% | 16.83% |
| 2011 | 20.70% | 22.98% | 17.42% |
| 2010 | 20.50% | 22.60% | 16.81% |
| 2009 | 20.12% | 21.60% | 15.99% |
| 2007 | 18.66% | 20.34% | 16.33% |
| 2005 | 18.89% | 20.40% | 17.05% |
Renter Fraction in Utica New York
You can calculate the renter fraction in Utica in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Utica as a fraction of total Utica households. In 2019 30.59% of households were renters according to Census ACS data.
Utica Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New York | 46.48% | +0.15% | -0.24% |
| Utica, NY | 30.59% | -2.11% | +0.19% |
Trends in the Utica, NY Renter Fraction
The Utica household renter fraction peaked in in 2013 at 34.56% and is now 3.97% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Utica NY, New York, US
History of Utica Renter Fraction
| Date | US | New York | Utica, NY |
|---|---|---|---|
| 2019 | 35.89% | 46.48% | 30.59% |
| 2018 | 36.05% | 46.33% | 32.70% |
| 2017 | 36.13% | 46.20% | 32.02% |
| 2016 | 36.88% | 46.72% | 30.40% |
| 2015 | 36.97% | 46.93% | 33.19% |
| 2014 | 36.90% | 47.02% | 34.09% |
| 2013 | 36.50% | 46.35% | 34.56% |
| 2012 | 36.09% | 46.35% | 33.00% |
| 2011 | 35.42% | 46.41% | 32.96% |
| 2010 | 34.65% | 45.75% | 29.50% |
| 2009 | 34.13% | 44.97% | 31.82% |
| 2007 | 32.80% | 44.48% | 32.34% |
| 2005 | 33.10% | 44.67% | 30.76% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
