New York vs Utica
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Utica has an edge
Utica shows stronger fundamentals for buying with a 4-year break-even point.
Median Home Price
$1,182,635.83
Median Rent
$4,367.24/mo
Price-to-Rent Ratio
22.6
Property Tax RateTIE
1.72%
Price Change (1Y)
+1.4%
Price Change (5Y)
+7.2%
Break-Even Years
N/A
10-Year Wealth Difference
$967,229
Median Home PriceBETTER
$225,469.56
Median RentBETTER
$1,472.17/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+7.2%
Price Change (5Y)BETTER
+36.1%
Break-Even YearsBETTER
4 years
10-Year Wealth DifferenceBETTER
+$49,393
Key Differences
Home Prices
New York's median home price of $1,182,635.83 is higher than Utica's $225,469.56 by 425%.
Monthly Rent
Renting in New York costs $4,367.24/mo compared to $1,472.17/mo in Utica—a difference of $2,895.07/mo.
Buy vs Rent Verdict
New York favors renting, while Utica favors buying.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.