According to the recent statistics, Utica has a population of 4,942. On the indices of population density and diversity, the city is ranked in the upper quartile as compared to other cities in Michigan.
On average, there are 2.2 people per household. Most of its area is unpopulated. The median age of the residents is 43 years. Almost 8.9% of Utica population comprises White Americans while 5% are Blacks.
The unemployment rate in Utica is 5.6%, which is a bit higher than the 5.2% in the country. The per capita income is $26,584 while the average income of each household is $45,369. There has been a positive trend in the recent job market with a 1.76% growth rate, which is comparatively higher than the 1.59% growth rate in the country.
It means that the place offers good opportunities for employment for new settlers with a major focus on management, business and finance sectors.
Cost of Housing in Utica
In Utica, the cost of housing, on average, is $174,700 while the home appreciation rate during the past 10 years has been approximately 23.5%. It has seen an increasing trend and the rate of 7.4% is impressive.
Approximately 40.1% of the population in Utica lives in rental homes. This offers a golden opportunity for rental housing. We can help you find the best Utica rental homes at the most affordable prices in your desired area. About 8.5% of residential real estate in Utica is still unoccupied.
Industrial buildings in Utica occupy around 90,734 square feet of the total area while there is no industrial area under construction. If you are searching for a good investment in Utica’s industrial land, our experts can help you find the best place that fits your budget and requirements.
Office buildings in Utica cover around 226,452 square feet of the total land while there is no area under construction. Our experienced real estate experts have in-depth knowledge about the city and know where to find the ideal office place for your use or investment. With our help, you can locate the perfect office space to buy or to get it on rent.
Commute to Work in Utica
The commute timings have been increasing every year in the US due to rising population density and an increasing number of vehicles on the roads. On average, one-sided commute to work takes around 26 minutes in Utica.
Nearly 88% of the population drive their own vehicle alone to work while 6% carpool with other people. Just 1% of the population use the mass transit system.
We Help You Find the Best Area or Building In Utica!
Whether you need a Utica building for lease or want to sell your house or building, we provide you with the best offerings in Utica to choose from. Our experts have sorted the most valuable and reliable real estate properties from which you can choose the ones which fit your needs and budget.