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Aurora, MN—55705

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$153,000
4.9% YoY Growth
Household Income
$54,000
8.4% YoY Growth
Days on Market
65
18.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$300
22.4% YoY Growth
1-Bed Rent
$300
22.4% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Aurora, MN

As of Dec '25, the median home price in Aurora, MN is $153,000, with a year-over-year change of 4.9%. This indicates that home prices in Aurora, MN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$153,0004.9%
Single Family $152,0005.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$140,0005.3%
    3 Bed
    		$174,0004.2%
    4 Bed
    		$207,0006.7%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.1%
    1 Bedroom
    9.3%
    2 Bedrooms
    27.3%
    3 Bedrooms
    46.6%
    4 Bedrooms
    11.9%
    5+ Bedrooms
    2.7%

    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.

    TypeMedian RentAverage Rent
    Average Rent$300$508
    Studio Rent N/AN/A
    1 Bed Rent $300$508
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    53.1%
    2 Bedrooms
    25.3%
    3 Bedrooms
    16.2%
    4 Bedrooms
    1.7%
    5+ Bedrooms
    3.7%

    Property Listings — Aurora, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Aurora, MN is 57. This is a decrease of -21.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$158,000-13.0%
    Listing Count
    		212.0%
    Listings as % of Homes0.5%2.0%
    Days on Market
    		65-18.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$490$300$790
    2 BedroomN/AN/A$1,010
    3 BedroomN/AN/A$1,340
    4 BedroomN/AN/A$1,710

    Affordability — Aurora, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.5
    Median Home Price$153,000
    Median Household Income$54,000

    Aurora, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Biwabik

    55708

    Makinen, MN

    55763

    McKinley, MN

    55741

    Embarrass, MN

    55732

    Hoyt Lakes, MN

    55750

    Frequently Asked Questions