Mortgage Rates in Utica, New York — March 2026
Updated March 2026 | Based on Utica market data and regional lending conditions
Utica is a growing city in New York with a population of 62,235. The current 30-year fixed mortgage rate in Utica is 6.64%, which is 0.01% below the national average. With a median home price of $453,000 and a 20% down payment of $90,600, homebuyers can expect a monthly principal and interest payment of approximately $2,324.
Current Mortgage Rates in Utica, NY
Below are the current average mortgage rates available in the Utica area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Utica Housing Market Overview
The Utica housing market reflects moderate demand with prices near the national average. The median household income in Utica is $79,300, and the cost of living index is 131.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $127,286 to comfortably afford the median-priced home in Utica, which exceeds the current median household income.
Monthly Payment Breakdown for Utica
Based on the median home price of $453,000 with 20% down ($90,600), here is what you can expect to pay monthly in Utica:
15-Year vs. 30-Year Mortgage in Utica
Choosing a 15-year mortgage in Utica at 5.9% instead of a 30-year at 6.64% would save you $289,620 in total interest over the life of the loan. However, your monthly payment would be $3,039 instead of $2,324 — an increase of $715 per month.
Calculate Your Utica Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Utica
What are the current mortgage rates in Utica, NY?
As of March 2026, the average 30-year fixed mortgage rate in Utica, New York is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Utica?
Based on the median home price of $453,000 with 20% down, the estimated monthly mortgage payment in Utica is $2,324 for principal and interest. Including property taxes of $646/month, the total monthly housing cost is approximately $2,970.
What income do I need to buy a home in Utica?
Using the 28% rule, you would need an annual income of approximately $127,286 to afford the median-priced home in Utica at $453,000. The median household income in Utica is $79,300. This means most households would need to either earn above the median or consider homes below $453,000.
Is Utica a good place to buy a home in 2026?
Utica has a higher cost of living than average with a cost of living index of 131.3 (national average = 100). The property tax rate in New York is 1.71%, which is above the national average. Utica has a population of 62,235 and offers a balanced lifestyle.
Mortgage Rates in Other New York Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Utica, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.