Aurora, IL—60502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Aurora, IL
As of Oct '25, the median home price in Aurora, IL is $411,000, with a year-over-year change of 3.4%. This indicates that home prices in Aurora, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $411,000 | 3.4% |
| Single Family | $452,000 | 3.2% |
| Condos | $314,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $315,000 | 4.0% |
3 Bed | $374,000 | 3.0% |
4 Bed | $597,000 | 5.3% |
| 5 Bed | $730,000 | 4.4% |
% of Housing Stock
Rental Trends — Aurora, IL
As of July '25, Rentcast reports the average rent in Aurora, IL is $2,320, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Aurora, IL is 1-bedrooms: $1,810, 2-bedrooms: $2,230, 3-bedrooms: $2,720, 4-bedrooms: $3,930. The most common rental property sizes in Aurora, IL are 2-bedroom and 3-bedroom, accounting for 43.4% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,220 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,810 |
| 2 Bed Rent | $2,220 | $2,230 |
| 3 Bed Rent | $2,750 | $2,720 |
| 4 Bed Rent | $3,950 | $3,930 |
% of Rental Stock
Property Listings — Aurora, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Aurora, IL is 24. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $455,000 | 12.0% |
Listing Count | 46 | -23.0% |
| Listings as % of Homes | 0.4% | -23.0% |
Days on Market | 24 | 26.0% |
Demographics — Aurora, IL
As of the latest ACS Survey released in 2023, Aurora, IL has a population of 23,200, which has increased by 2.7% over the past 5 years. Aurora, IL is a popular place for families, as children make up 27.3% of the population. The area has a highly educated workforce, with 63.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | 2.7% |
% Under 18 | 27.3% | 5.0% |
% Seniors | 11.1% | 15.6% |
% WFH | 28.7% | 237.6% |
% w/ College Degree | 63.1% | 4.8% |
As of the latest ACS Survey released in 2023, Aurora, IL is a predominantly white area, with 50.9% of the population identifying as white. The white population has shrunk by 13.4% in the last 5 years. The second most common race or ethnicity in Aurora, IL is asian, making up 24.7% of the population. Foreign-born residents account for 24.0% of the population in Aurora, IL, and this percentage has increased by 16.5% 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 | 50.9% | -13.4% |
% Black | 8.7% | 11.5% |
% Hispanic | 11.1% | 0.0% |
% Asian | 24.7% | 22.9% |
% Foreign Born | 24.0% | 16.5% |
Mortgage and Risk — Aurora, IL
According to HUD data as of 2023, there were 324 mortgage originations in Aurora, IL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Aurora, IL. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 324 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Aurora, IL
As of 2024, the percent of homes in Aurora, IL under the Section 8 program is 3.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Aurora, IL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 65 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,800 | $2,120 |
| 2 Bedroom | $170 | $2,220 | $2,390 |
| 3 Bedroom | $320 | $2,750 | $3,070 |
| 4 Bedroom | -$340 | $3,950 | $3,610 |
Affordability — Aurora, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $411,000 |
| Median Household Income | $150,000 |