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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Aurora, IL 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Aurora, IL Housing Market Trends

With 177,866 people, 60,492 houses or apartments, and a median cost of homes of $282,293, Aurora real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Aurora, accounting for 58.67% of the city's housing units. Other types of housing that are prevalent in Aurora include row houses and other attached homes ( 16.35%), large apartment complexes or high rise apartments ( 15.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Aurora. Owner-occupied housing accounts for 66.19% of Aurora's homes, and 56.73% have either three or four bedrooms, which is average sized relative to America.

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 ( 22.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.48%). There's also some housing in Aurora built before 1939 ( 14.31%).

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 92.37%, which ranks in the top 40% nationwide. This equates to an annual average Aurora house appreciation rate of 6.76%.

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 4.77%, 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 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that Aurora's latest annual appreciation rate is higher than 50% 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 2000, to assist you in making the best Aurora real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$282,293

Aurora, IL Home Prices
> $1,264,000
$948,001 - $1,264,000
$632,001 - $948,000
$505,001 - $632,000
$380,001 - $505,000
$253,001 - $380,000
$126,001 - $253,000
$63,001 - $126,000
$0 - $63,000
0.7%
0.7%
0.5%
0.5%
4.1%
4.1%
6.6%
6.6%
15.0%
15.0%
33.7%
33.7%
33.7%
33.7%
3.6%
3.6%
2.0%
2.0%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

60,492

Aurora Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,295 / per month

Homeownership Rate

Owners
Renters
66.2%
66.2%
33.8%
33.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.7%
4.7%
95.3%
95.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.9%
22.9%
44.3%
44.3%
18.5%
18.5%
14.3%
14.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.7%
58.7%
16.4%
16.4%
9.2%
9.2%
15.5%
15.5%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
9.3%
9.3%
28.3%
28.3%
37.7%
37.7%
19.0%
19.0%
4.1%
4.1%
0% 100.0%
% of Homes