North Aurora, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating North Aurora Neighborhoods Since 2000




North 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

North Aurora Housing Market Information

With a population of 17,456, 5,995 total housing units (homes and apartments), and a median house value of $269,367, North Aurora real estate is some of the most expensive in Illinois, although North Aurora home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in North Aurora, accounting for 72.01% of the village's housing units. Other types of housing that are prevalent in North Aurora include row houses and other attached homes ( 12.47%), large apartment complexes or high rise apartments ( 10.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.59%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Aurora. Owner-occupied housing accounts for 77.97% of North Aurora's homes, and 66.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North 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 North Aurora built between 2000 and later ( 33.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.88%). There's also some housing in North Aurora built before 1939 ( 4.69%).

North Aurora Home Appreciation Rates

North Aurora's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Aurora during the period has been just -1.90%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, North Aurora's appreciation rate, at 4.25%, has been at or slightly above the national average. In the latest quarter, North Aurora's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that North Aurora's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$269,367

North Aurora, IL HOME PRICES

Value Range
> $1,104,000 0.3
$828,001 - $1,104,000 0.5
$553,001 - $828,000 4.2
$442,001 - $553,000 6.9
$331,001 - $442,000 16.3
$221,001 - $331,000 30.6
$110,001 - $221,000 35.5
$55,001 - $110,000 2.7
$0 - $55,000 3.1

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
19.8288995663893 12.5316455696203

Number Of Homes And Apartments:
5,995

North 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
14.50% 0.79% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,611 / per month

Homeownership Rate

Homeownership
Owners 77.97
Renters 22.03
Vacant 3.40

Housing Market Details

 

Age of Homes

AGE OF North Aurora HOMES
2000 or Newer 33.9
1970 - 1999 36.5
1940 - 1969 24.9
1939 or Older 4.7

Types of Homes

TYPE OF North Aurora HOMES
Single-Family 72.0
Townhomes 12.5
Small Apt. Buildings 4.6
Apt. Complexes 10.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF North Aurora HOMES
No Bedroom 1.48
1 Bedroom 8.28
2 Bedrooms 19.92
3 Bedrooms 36.66
4 Bedrooms 29.97
5 or more bedrooms 3.69

Popular Neighborhoods in North Aurora

Zip Codes in North Aurora, IL