Aurora, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Aurora Neighborhoods Since 2000




Aurora, MO 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 7,477 people, 2,874 houses or apartments, and a median cost of homes of $88,135, house prices in Aurora are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in Aurora, accounting for 78.42% of the city's housing units. Other types of housing that are prevalent in Aurora include duplexes, homes converted to apartments or other small apartment buildings ( 10.47%), mobile homes or trailers ( 5.77%), and a few large apartment complexes or high rise apartments ( 4.08%).

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 68.86% of Aurora's homes, and 53.84% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Aurora's housing was primarily built during this period, from the '40s through the '60s. A full 39.18% of the city's housing hails from this era. Other housing ages represented in Aurora include homes built between 1970-1999 ( 36.72%) and housing constructed before 1939 ( 15.46%). There's also some housing in Aurora built between 2000 and later ( 8.63%).

Vacant housing appears to be an issue in Aurora. Fully 15.02% of the housing stock is classified as vacant. Left unchecked, vacant Aurora homes and apartments can be a drag on the real estate market, holding Aurora real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 -1.02%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Aurora's appreciation rate, at 5.46%, has been at or slightly above the national average. In the latest quarter, Aurora's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Missouri, our data show that Aurora's latest annual appreciation rate is higher than 80% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$88,135

Aurora, MO HOME PRICES

Value Range
> $1,076,000 0.0
$807,001 - $1,076,000 0.0
$538,001 - $807,000 0.4
$431,001 - $538,000 0.5
$323,001 - $431,000 0.4
$215,001 - $323,000 2.1
$108,001 - $215,000 28.7
$54,001 - $108,000 42.3
$0 - $54,000 25.6

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
85.3802882925114 81.2

Number Of Homes And Apartments:
2,874

Aurora Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
22.31% 1.17% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$809 / per month

Homeownership Rate

Homeownership
Owners 68.86
Renters 31.14
Vacant 15.02

Housing Market Details

 

Age of Homes

AGE OF Aurora HOMES
2000 or Newer 8.6
1970 - 1999 36.7
1940 - 1969 39.2
1939 or Older 15.5

Types of Homes

TYPE OF Aurora HOMES
Single-Family 78.4
Townhomes 1.3
Small Apt. Buildings 10.5
Apt. Complexes 4.1
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Aurora HOMES
No Bedroom 0.65
1 Bedroom 5.35
2 Bedrooms 38.70
3 Bedrooms 43.23
4 Bedrooms 10.62
5 or more bedrooms 1.45

Popular Neighborhoods in Aurora

Popular Communities Near Aurora, MO

Zip Codes in Aurora, MO