Aurora, MN—55705
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Aurora, MN
As of Oct '25, the median home price in Aurora, MN is $152,000, with a year-over-year change of 4.0%. This indicates that home prices in Aurora, MN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | 4.0% |
| Single Family | $152,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 4.5% |
3 Bed | $175,000 | 4.8% |
4 Bed | $209,000 | 6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Aurora, MN
As of July '25, Rentcast reports the average rent in Aurora, MN is $508, with a year-over-year rent change of -22.4%. Per bedroom, the median rent as of July '25 in Aurora, MN is 1-bedrooms: $508. The most common rental property sizes in Aurora, MN are 1-bedroom and 2-bedroom, accounting for 53.1% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $300 | $508 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $300 | $508 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Aurora, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Aurora, MN is 43. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $189,000 | -13.0% |
Listing Count | 22 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 43 | -12.0% |
Demographics — Aurora, MN
As of the latest ACS Survey released in 2023, Aurora, MN has a population of 3,250, which has decreased by -1.6% over the past 5 years. Aurora, MN is a less popular place for families, as children make up 14.5% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,250 | -1.6% |
% Under 18 | 14.5% | -31.3% |
% Seniors | 30.4% | 43.4% |
% WFH | 7.0% | 75.0% |
% w/ College Degree | 17.1% | 17.9% |
As of the latest ACS Survey released in 2023, Aurora, MN is a predominantly white area, with 94.8% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Aurora, MN is hispanic, making up 0.6% of the population. Foreign-born residents account for 1.8% of the population in Aurora, MN, and this percentage has increased by 20.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.8% | -1.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.6% | ∞% |
% Asian | 0.3% | -84.2% |
% Foreign Born | 1.8% | 20.0% |
Mortgage and Risk — Aurora, MN
According to HUD data as of 2023, there were 71 mortgage originations in Aurora, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Aurora, MN. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 71 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 20.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Aurora, MN
Aurora, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 93 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 36.1% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $300 | $790 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Aurora, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $152,000 |
| Median Household Income | $54,000 |