Utica, Indiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Utica, Indiana rental market.
Utica, Indiana
Average Apartment Rent
$1,170
Y-o-Y Change in Average
Apartment Rent
2%
As of July 2024
Compared to a year ago, Utica, Indiana apartments have recorded a 2% rent increase.
Utica, Indiana |Average apartment rent trend
Utica, Indiana| Average apartment rent
Utica, Indiana | Apartment rent ranges
At 53.67%, apartments priced $1,000 - $1,500 represent the bulk of Utica, Indiana rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.11%.
Utica, Indiana | Housing tenure**
Renters take up 13% of Utica, Indiana real estate, occupying a total of 47 units, while homeowners live in 315 properties.
Median number of rooms of renter-occupied housing units**
5.8
Renter median household income**
$73,036
Average household size of renter-occupied housing units**
2.72
Utica, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 26 rentals in Utica, Indiana with 3 beds making up the highest share of the market, at 55%. Units with 1 bed, on the other hand, hold the lowest percentage (4%), amounting to 2 units. Overall, the median number of rooms in Utica, Indiana homes for rent is 5.8.
Utica, Indiana |Renter-occupied units by age of householder**
Most condos for rent in Utica, Indiana are occupied by residents in the 35 - 44 years age group (23%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
Utica, Indiana | Renter-occupied housing units by family type**
Utica, Indiana | Renter-occupied housing units by the presence of own children**
A total of 38 apartments for rent in Utica, Indiana, or 81% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 17 units. All in all, the median size of a renter-occupied household in Utica, Indiana is 2.72.
Utica, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Utica, Indiana.
Utica, Indiana | Renter-occupied units by year structure built**
The highest share of Utica, Indiana apartment rentals, namely 32% or 15 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (26%, 12 units), and the ones Built 2010 - 2019 (15%, 7 units).
Utica, Indiana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Utica, Indiana renters (49%) moved in 2018 to 2020, while only 4% of them moved in 2010 to 2017. Overall, the median year renters have occupied their Utica, Indiana condos for rent is 2019.
Utica, Indiana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 68% of Utica, Indiana renters have 2 vehicles available per household, 26% of them have 1 vehicle available, and 6% have 4 or more vehicles available.
Utica, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
Utica, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Utica, Indiana | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Utica, Indiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
