Aurora appreciation rates and housing market information

Aurora housing market information

With a population of 143,609, 48,936 total housing units (homes and apartments), and a median house value of $243,545, Aurora real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Aurora, accounting for 60.49% of the city's housing units. Other types of housing that are prevalent in Aurora include large apartment complexes or high rise apartments (17.38%), duplexes, homes converted to apartments, or other small apartment buildings (11.69%), and a few row houses and other attached homes (10.26%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Aurora. Owner-occupied housing accounts for 66.66% of Aurora's homes, and 54.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Aurora built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Aurora built from 1940-1969 (26.65%). A lesser amount of the housing stock also hails from 1995 and later (19.21%), and some were built from 1939 and earlier (19.21%).

Aurora home appreciation rates

Appreciation rates for homes in Aurora have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.83%, which ranks in the top 30% nationwide. This equates to an annual average Aurora house appreciation rate of 8.88%.

Over the last year, Aurora appreciation rates have trailed the rest of the nation. In the last twelve months, Aurora's appreciation rate has been -2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aurora were at -0.31%, which equates to an annual appreciation rate of -1.24%.

Relative to Illinois, our data show that Aurora's latest annual appreciation rate is higher than 26% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Aurora differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aurora - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Aurora real estate investment or home purchase decisions.