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Utica named one of the hottest cities for young millennials to buy a home in

Utica, New York. Photo by Denis Tangney Jr., realtor.com.

The list says that the percentage of mortgages issued to buyer aged 20 to 29 was at 29.9 percent.

Posted: Mar. 25, 2019 12:06 PM
Updated: Mar. 25, 2019 12:45 PM

UTICA, N.Y. – Utica was ranked as one of the top “hottest cities for young millennials” to buy a home in.

The city came in at No. 9 on the list of 20 by Realtor.com, because of the ability to get more bang for your buck when it comes to home ownership – compared to nationwide home listings.

The list says that the percentage of mortgages issued to buyers aged 20 to 29 was at 29.9 percent, and the median listing price is $130,000, and just 90 minutes east in Albany, it’s around $300,000.

Most millennial homeowners are buying three-bedroom, one-bathroom homes for $100,000 or less, which is about a third of the national median home price.

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