Side-by-side comparison of Schenectady, NY and Utica, NY — cap rates, rent, prices, and investment metrics.
Cash flow: Utica has the edge with an estimated cap rate of 5.07% compared to Schenectady's 4.58%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $175,000 in Schenectady vs $135,000 in Utica, while rents come in at $1,100/mo and $920/mo respectively.
Growth & appreciation: Schenectady is growing faster at 0.1% annually, while Utica is losing population. Schenectady leads on home value appreciation at 2.1% per year.
Costs & risk: Property taxes are 1.7% in Schenectady vs 1.74% in Utica. Vacancy rates of 6.2% and 7% are mixed — Schenectady has the tighter rental market.
Bottom line: Schenectady edges out Utica on most key metrics. While cap rates are moderate at 4.58%, Schenectady's overall profile is stronger. Use our free calculators to model specific deals in Schenectady or Utica.