Aurora IL

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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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Aurora Housing Market Information

With 199,602 people, 62,604 houses or apartments, and a median cost of homes of $195,392, 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 59.62% of the city's housing units. Other types of housing that are prevalent in Aurora include large apartment complexes or high rise apartments ( 15.74%), row houses and other attached homes ( 15.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.21%).

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 64.20% owning and 35.80% 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 ( 19.82%). A lesser amount of the housing stock also hails from before 1939 ( 19.16%). There's also some housing in Aurora built between 1940-1969 ( 18.61%).

Aurora Home Appreciation Rates

Aurora's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Aurora during the period has been just 0.94%, which is lower than 70% of US communities.

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 2.85%, 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 1.29%, which equates to an annual appreciation rate of 5.24%.

Relative to Illinois, our data show that Aurora's latest annual appreciation rate is higher than 60% 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:


Value Range
> $1,237,000 0.3
$927,001 - $1,237,000 0.2
$618,001 - $927,000 1.6
$494,001 - $618,000 2.9
$371,001 - $494,000 8.5
$247,001 - $371,000 19.1
$124,001 - $247,000 46.5
$62,001 - $124,000 17.1
$0 - $62,000 3.8

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
41.0452554744526 31.1392405063291

Number Of Homes And Apartments:

Aurora Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
31.50% 1.40%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,493 / per month

Homeownership Rate

Owners 64.20
Renters 35.80
Vacant 6.48

Housing Market Details


Age of Homes

2000 or Newer 19.8
1970 - 1999 42.4
1940 - 1969 18.6
1939 or Older 19.2

Types of Homes

Single-Family 59.6
Townhomes 15.3
Small Apt. Buildings 9.2
Apt. Complexes 15.7
Mobile Homes 0.1
Other 0.0

Home Size

No Bedroom 1.56
1 Bedroom 9.24
2 Bedrooms 28.90
3 Bedrooms 37.07
4 Bedrooms 19.16
5 or more bedrooms 4.07