Aurora, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Aurora Neighborhoods Since 2000




Aurora, OH 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 15,838 people, 6,189 houses or apartments, and a median cost of homes of $304,107, Aurora real estate is some of the most expensive in Ohio, although Aurora home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Aurora, accounting for 71.67% of the city's housing units. Other types of housing that are prevalent in Aurora include row houses and other attached homes ( 13.64%), duplexes, homes converted to apartments or other small apartment buildings ( 8.83%), and a few large apartment complexes or high rise apartments ( 5.85%).

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 76.51% of Aurora's homes, and 67.57% 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 1940-1969 ( 18.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.12%). There's also some housing in Aurora built before 1939 ( 5.99%).

Aurora Home Appreciation Rates

Real estate appreciation rates in Aurora's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.38% during the period.

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 2.22%, 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 0.81%, which equates to an annual appreciation rate of 3.28%.

Relative to Ohio, our data show that Aurora's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$304,107

Aurora, OH HOME PRICES

Value Range
> $1,091,000 2.2
$818,001 - $1,091,000 1.0
$546,001 - $818,000 8.5
$436,001 - $546,000 5.9
$327,001 - $436,000 18.1
$218,001 - $327,000 31.1
$109,001 - $218,000 26.4
$55,001 - $109,000 5.0
$0 - $55,000 1.9

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
15.9791398101488 5.11811023622047

Number Of Homes And Apartments:
6,189

Aurora Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
15.57% 0.84% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,485 / per month

Homeownership Rate

Homeownership
Owners 76.51
Renters 23.49
Vacant 5.90

Housing Market Details

 

Age of Homes

AGE OF Aurora HOMES
2000 or Newer 17.1
1970 - 1999 58.8
1940 - 1969 18.1
1939 or Older 6.0

Types of Homes

TYPE OF Aurora HOMES
Single-Family 71.7
Townhomes 13.6
Small Apt. Buildings 8.8
Apt. Complexes 5.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Aurora HOMES
No Bedroom 0.44
1 Bedroom 4.85
2 Bedrooms 20.30
3 Bedrooms 37.14
4 Bedrooms 30.42
5 or more bedrooms 6.84