Department of Numbers

Utica New York Residential Rent and Rental Statistics

The median monthly gross residential rent in Utica, NY (the Utica-Rome metro area) was $719 in 2015 according to the Census ACS survey.1 Average gross rent in Utica was $703 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Utica median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in Utica New York (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
New York Median Gross Rent $1,173 +2.62% +8.41%
Utica, NY Median Gross Rent $719 +1.27% +9.60%

Utica, NY Real Gross Rent Trends

At $719, real median gross rent in Utica was at its highest level in 2015 since the series began in 2005. At $703, real average gross rent in Utica was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Utica: Utica NY Median, Utica NY Average, New York Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Utica

Date US
Median
New York
Median
Utica, NY
Median
Utica, NY
Average
2015 $959 $1,173 $719 $703
2014 $930 $1,143 $710 $691
2013 $898 $1,101 $664 $651
2012 $886 $1,082 $656 $633
2011 $887 $1,077 $667 $665
2010 $901 $1,074 $688 $688
2009 $905 $1,057 $648 $655
2008 $920 $1,064 $668 $665
2007 $874 $1,004 $647 $639
2006 $883 $1,013 $670 $644
2005 $858 $991 $643 $600

Utica Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Utica New York was 7.51% according to Census ACS data.

Rental Vacancy Rate in Utica New York

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
New York 4.41% +0.07% +0.07%
Utica, NY 7.51% +3.16% +1.56%

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 2.10% to 7.51%. Data records for this series originated in 2005. From a 2008 post peak low of 3.61%, the rental vacancy rate has increased by 3.90%.

Rental Vacancy Rate: Utica NY, New York, US

Rental vacancy rate in New York

Historical Rental Vacancy Rate data for Utica

Date US New York Utica, NY
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%
2008 7.86% 4.68% 3.61%
2007 7.87% 4.70% 9.61%
2006 7.70% 4.94% 6.03%
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 17.63% in 2015 according to the ACS.

Utica New York Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
New York 23.13% -0.27% +0.19%
Utica, NY 17.63% -0.29% +0.80%

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 0.87% to 17.63%.

Fraction of Income towards Rent: Utica NY, New York, US

Percent of median household income going towards median monthly gross rent in Utica New York

Historical Data for Annual Rent as a Fraction of Income in Utica New York

Date US New York Utica, NY
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%
2008 19.00% 20.41% 16.16%
2007 18.66% 20.34% 16.33%
2006 18.90% 20.43% 17.26%
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 2015 33.19% of households were renters according to Census ACS data.

Utica Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
New York 46.93% -0.09% +0.58%
Utica, NY 33.19% -0.90% +0.19%

Trends in the Utica, NY Renter Fraction

The Utica household renter fraction peaked in in 2013 at 34.56% and is now 1.37% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Utica NY, New York, US

Fraction of renters in Utica

History of Utica Renter Fraction

Date US New York Utica, NY
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%
2008 33.36% 44.71% 32.61%
2007 32.80% 44.48% 32.34%
2006 32.73% 44.40% 33.68%
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.