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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 389,347 people, 138,426 houses or apartments, and a median cost of homes of $446,426, 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 53.00% of the city's housing units. Other types of housing that are prevalent in Aurora include large apartment complexes or high rise apartments ( 29.04%), row houses and other attached homes ( 11.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.23%).
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 61.97% owning and 38.04% 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 ( 24.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.04%).
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 159.37% over the last ten years, which is an average annual home appreciation rate of 10.00%, 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 -5.72%, 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 2.91%, which equates to an annual appreciation rate of 12.17%.
Relative to Colorado, our data show that Aurora's latest annual appreciation rate is lower than 90% 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.
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