Aurora CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Aurora, CO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aurora Housing Market Information

With a population of 374,114, 128,182 total housing units (homes and apartments), and a median house value of $313,103, 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 51.37% of the city's housing units. Other types of housing that are prevalent in Aurora include large apartment complexes or high rise apartments ( 30.09%), row houses and other attached homes ( 11.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.81%).

The most prevalent building size and type in Aurora are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.97% owning and 41.03% renting.

There is a lot of housing in Aurora built from 1970 to 1999 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 between 2000 and later ( 20.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.69%).

Aurora Home Appreciation Rates

In the last 10 years, Aurora has experienced some of the highest home appreciation rates of any community in the nation. Aurora real estate appreciated 122.03% over the last ten years, which is an average annual home appreciation rate of 8.30%, putting Aurora in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Aurora definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 3.31%, 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 0.92%, which equates to an annual appreciation rate of 3.75%.

Relative to Colorado, our data show that Aurora's latest annual appreciation rate is lower than 70% of the other cities and towns in Colorado.

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 2000, to assist you in making the best Aurora real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$313,103

Aurora, CO HOME PRICES

Value Range
> $1,316,000 0.7
$987,001 - $1,316,000 0.6
$658,001 - $987,000 3.4
$526,001 - $658,000 5.6
$395,001 - $526,000 20.1
$263,001 - $395,000 34.9
$131,001 - $263,000 26.3
$66,001 - $131,000 4.7
$0 - $66,000 3.6

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
19.7605839416058 55.6521739130435

Number Of Homes And Apartments:
128,182

Aurora Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
100.67% 3.46%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,884 / per month

Homeownership Rate

Homeownership
Owners 58.97
Renters 41.03
Vacant 4.30

Housing Market Details

 

Age of Homes

AGE OF Aurora HOMES
2000 or Newer 20.8
1970 - 1999 64.8
1940 - 1969 13.7
1939 or Older 0.8

Types of Homes

TYPE OF Aurora HOMES
Single-Family 51.4
Townhomes 11.8
Small Apt. Buildings 4.8
Apt. Complexes 30.1
Mobile Homes 1.9
Other 0.1

Home Size

SIZE OF Aurora HOMES
No Bedroom 1.61
1 Bedroom 14.81
2 Bedrooms 29.05
3 Bedrooms 29.31
4 Bedrooms 19.17
5 or more bedrooms 6.05