43080, Utica, OH

Utica, OH is located in the northwest corner of the state of Ohio. The 43080 zip code covers a total area of just over 10 square miles and has a population of just over 25,000 people. Home prices in Utica have been on the rise for the past few years, with median home prices reaching $151,000 as of May 2016. This represents an increase of almost 20% from the median home price in May 2013.

The primary drivers behind this increase in home prices are likely attributable to several factors. First and foremost, Utica is located within close proximity to both major metropolitan areas (Cleveland and Cincinnati) which has led to an influx of new residents and investment into the local economy. Additionally, Utica has seen strong job growth over the past few years which has contributed to increased demand for housing stock. Finally, Utica's low unemployment rate (3%) has also helped drive up home values as buyers feel more confident about securing a property at a reasonable price.

Despite these positive trends, there are still some risks associated with buying a home in Utica. For one thing, there is always potential for market volatility – especially during times of economic recession – which could lead to lower home values over time. Additionally, although Utica's economy is doing well overall right now, it is still susceptible to fluctuations that could impact housing prices adversely. And finally, although Utica's overall crime rate is relatively low when compared to other cities its size (for example Cleveland), there are still areas within the city that can be considered unsafe at night or during periods of high crime activity.