Aurora, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Aurora Neighborhoods Since 2000




Aurora, IL 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Aurora Housing Market Information

With 200,661 people, 61,449 houses or apartments, and a median cost of homes of $183,085, 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 59.13% of the city's housing units. Other types of housing that are prevalent in Aurora include large apartment complexes or high rise apartments ( 15.57%), row houses and other attached homes ( 14.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.22%).

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 65.79% of Aurora's homes, and 55.93% 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 before 1939 ( 19.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.55%). There's also some housing in Aurora built between 2000 and later ( 18.98%).

Aurora Home Appreciation Rates

Homes have actually lost value in Aurora over the last then years, as home values have seen a decline of 20.11% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Aurora home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Aurora that despite a nationwide downturn in the housing market, Aurora real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Aurora appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 77.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Aurora. Aurora appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Aurora's latest annual appreciation rate is higher than 90% 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:
$183,085

Aurora, IL HOME PRICES

Value Range
> $1,185,000 0.3
$889,001 - $1,185,000 0.2
$592,001 - $889,000 1.1
$474,001 - $592,000 3.0
$355,001 - $474,000 7.5
$237,001 - $355,000 18.9
$118,001 - $237,000 47.3
$59,001 - $118,000 17.4
$0 - $59,000 4.2

High for IL
High for Nation

Value Relative to Nation Value Relative to State
37.1030118363999 29.1139240506329

Number Of Homes And Apartments:
61,449

Aurora Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.47% 0.84% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,333 / per month

Homeownership Rate

Homeownership
Owners 65.79
Renters 34.21
Vacant 7.51

Housing Market Details

 

Age of Homes

AGE OF Aurora HOMES
2000 or Newer 19.0
1970 - 1999 41.7
1940 - 1969 19.6
1939 or Older 19.8

Types of Homes

TYPE OF Aurora HOMES
Single-Family 59.1
Townhomes 14.9
Small Apt. Buildings 10.2
Apt. Complexes 15.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Aurora HOMES
No Bedroom 1.45
1 Bedroom 9.69
2 Bedrooms 29.04
3 Bedrooms 35.95
4 Bedrooms 19.98
5 or more bedrooms 3.90