Aurora, CO Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Aurora, CO Housing Market Trends

With 379,289 people, 130,054 houses or apartments, and a median cost of homes of $349,284, 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 51.79% of the city's housing units. Other types of housing that are prevalent in Aurora include large apartment complexes or high rise apartments ( 29.99%), row houses and other attached homes ( 12.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.20%).

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 59.55% owning and 40.45% 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 ( 21.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.31%).

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 151.00% over the last ten years, which is an average annual home appreciation rate of 9.64%, 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.

NeighborhoodScout's data show that during the latest twelve months, Aurora's appreciation rate, at 9.61%, has been at or slightly above the national average. In the latest quarter, Aurora's appreciation rate has been 3.63%, which annualizes to a rate of 15.34%.

Importantly, this makes Aurora one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Aurora's latest annual appreciation rate is higher than 50% 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:
$349,284

Aurora, CO HOME PRICES

> $1,307,000
0.7%
0.7%
$980,001 - $1,307,000
0.8%
0.8%
$654,001 - $980,000
4.4%
4.4%
$523,001 - $654,000
7.8%
7.8%
$392,001 - $523,000
26.2%
26.2%
$261,001 - $392,000
34.8%
34.8%
$131,001 - $261,000
18.9%
18.9%
$65,001 - $131,000
3.4%
3.4%
$0 - $65,000
3.0%
3.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CO

Value Relative To Nation

Number Of Homes And Apartments:
130,054

Aurora Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
118.23% 3.70%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,128 / per month

Homeownership Rate

Owners
59.5%
59.5%
Renters
40.5%
40.5%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.6%
21.6%
1970 - 1999
64.3%
64.3%
1940 - 1969
13.3%
13.3%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.8%
51.8%
Townhomes
12.1%
12.1%
Small Apt. Buildings
4.2%
4.2%
Apt. Complexes
30.0%
30.0%
Mobile Homes
1.8%
1.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
14.3%
14.3%
2 Bedrooms
29.1%
29.1%
3 Bedrooms
29.1%
29.1%
4 Bedrooms
19.6%
19.6%
5 or more bedrooms
6.2%
6.2%
0.0% 100.0%
% OF HOMES