The typical owner-occupied home in Utica is worth about $109,500, 36% below the Mississippi median of $169,800 and 67% below the national median of $332,700. Owners pay a median $650 a year in property taxes, about 0.59% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $35,729 a year, so the median home costs 3.1 times the median income (3.0 times for Mississippi). 75% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Utica at a glance
| Utica | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $109,500 | $169,800 | $332,700 |
| Median property tax paid per year | $650 | $1,215 | $3,119 |
| Property tax as a share of value | 0.59% | 0.72% | 0.94% |
| Median household income | $35,729 | $56,447 | $80,734 |
| Homes lived in by their owners | 75% | 70% | 65% |
| Owner homes with a mortgage | 42% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,120 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 32.5% | 19.8% | 21.0% |
| Median rent | $842 | $954 | $1,413 |
| Rent as a share of renters' income | 19.3% | 30.7% | 30.6% |
| Median year homes were built | 1970 | 1986 | 1980 |
| Vacant homes | 16.5% | 14.6% | 10.1% |
| Population | 799 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Utica
At this week's average 30-year rate of 7.11%, buying the median Utica home of $109,500 with 20% down costs about $689 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $871, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $29,518 for the 20%-down payment. That payment is 23% of the median Utica household income of $35,729; at that income and 20% down, the 28% guideline points to a home of about $133,000.
The median rent here is $842 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,900 |
|---|---|
| Loan amount | $87,600 |
| Principal and interest | $589 |
| Property taxes (0.59% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $689 |
Change the numbers in the calculator
| Down payment | $3,832 |
|---|---|
| Loan amount | $107,517 |
| Principal and interest | $723 |
| Property taxes (0.59% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $48 |
| Total per month | $871 |
Change the numbers in the calculator
Questions about home buying in Utica
What is the median home value in Utica?
About $109,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Utica?
Homeowners pay a median $650 a year, which is about 0.59% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Utica?
For the median home with 20% down at 7.11%, the payment is about $689 a month. Keeping that under 28% of gross income takes about $29,518 a year.
More about Utica
- Mortgage Refinance in Utica
- Debt Relief in Utica
- Home Equity Loans in Utica
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data