Utica, NY

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Utica short-term rental market based on reliable data.

Listings

311 / 614

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$21,822

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$210,176

Median Home Sale Price

Top Earners

$46,143

Top-Earners Revenue

Utica

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Utica.

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B

Generally Investor friendly

Utica Regulations

STRs are permitted citywide in several zones but require a special use permit and public hearing; permitting is moderate with manageable fees and no caps, and the city tone supports tourism, though investors must also comply with state registry (2025) and Oneida County registration + 5% tax (2026), which increases multi‑layered compliance but remains navigable.

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About Utica

Utica is a city in Oneida County, set in the Mohawk Valley of upstate New York, with a population of roughly 65,000 residents. Once a bustling manufacturing hub along the Erie Canal, the city carries a working-class character softened by a notably diverse population, including one of the largest Bosnian-American communities in the country. The downtown sits along the Mohawk River, and Utica is frequently described as a gateway to the Adirondack Mountains to the north and to the broader recreational opportunities of central New York. It lies approximately 50 miles east of Syracuse, the nearest major city, and is within about 90 miles of Albany.

The Munson-Williams-Proctor Arts Institute anchors the city's cultural life just a short walk from downtown. The museum complex includes a 1960 Philip Johnson-designed modern wing housing a respected collection of European and American paintings, decorative arts, and changing exhibitions, and visitors can easily spend a few hours here before strolling the surrounding historic neighborhood.

About 15 minutes west of Utica, in the neighboring city of Rome, sits Fort Stanwix National Monument. The reconstructed Revolutionary War-era fort marks the site of a pivotal 1777 siege and ties into the larger story of the Battle of Saratoga. The National Park Service operates an informative visitor center and a network of interpretive trails that lead guests around the original fortifications and through the surrounding Oneida County countryside.

To the southwest, the Turning Stone Resort Casino in Verona draws visitors with a mix of gaming, hotel accommodations, championship golf, and headline entertainment roughly 30 minutes from downtown Utica. Run by the Oneida Nation, the property has become one of central New York's largest tourist draws and an easy day trip or overnight side excursion for travelers based in the city.

Outdoor travelers will find that Utica is a practical base for exploring the southern fringes of the Adirondack Park, a vast wilderness preserve that begins about an hour's drive north. From the city, day-trippers can reach state-owned trailheads, lakes, and small mountain towns without committing to a remote-cabin itinerary, returning each evening to a fully serviced urban setting.

Taken together, Utica's compact scale, central Mohawk Valley location, and proximity to both cultural institutions and wild country give short-term rental owners a market that draws a steady mix of regional travelers, outdoor recreationists, casino visitors, and heritage tourists. The combination of an affordable local real-estate base, easy highway access, and a deep bench of nearby attractions makes the city a quietly versatile spot for hosting guests year-round.

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