Zillow median home value: $100,900
Month-over-month change: +1.07%
Avg monthly mortgage payment: $490.16
Mortgage payment as % of income: 13%
Unemployment rate: 7.1%
Cost of living: 88.40
In upstate New York, Utica has seen five consecutive months of significant monthly appreciation, with the most recent month-over-month increase above 1%. Both cost of living and the unemployment rate are much lower than the national average, while median home values stand at just over 55% of the national average
Not only is Utica among the best in price, buyers can look forward to the value of their homes appreciating as well!
So WHY, then, does the Utica Master Plan propose to require "affordable housing" in all new housing developments . . . and propose to construct "affordable housing" in neighborhoods that are not currently low to moderate income tracts?
WHO would benefit from such requirements? WHAT AGENDA is being pushed?