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.