Aurora, IL—60504
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 $341,000, with a year-over-year change of 4.0%. This indicates that home prices in Aurora, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | 4.0% |
| Single Family | $361,000 | 3.4% |
| Condos | $240,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 4.0% |
3 Bed | $342,000 | 4.0% |
4 Bed | $476,000 | 4.2% |
| 5 Bed | $562,000 | 3.9% |
% of Housing Stock
Rental Trends — Aurora, IL
As of July '25, Rentcast reports the average rent in Aurora, IL is $2,360, with a year-over-year rent change of 6.8%. Per bedroom, the median rent as of July '25 in Aurora, IL is studios: $1,780, 1-bedrooms: $1,930, 2-bedrooms: $2,340, 3-bedrooms: $2,770, 4-bedrooms: $3,270. The most common rental property sizes in Aurora, IL are 2-bedroom and 3-bedroom, accounting for 50.7% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,290 | $2,360 |
| Studio Rent | $1,780 | $1,780 |
| 1 Bed Rent | $1,930 | $1,930 |
| 2 Bed Rent | $2,350 | $2,340 |
| 3 Bed Rent | $2,800 | $2,770 |
| 4 Bed Rent | $3,300 | $3,270 |
% 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 30. This is a increase of 10.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $377,000 | 11.0% |
Listing Count | 105 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 30 | 10.0% |
Demographics — Aurora, IL
As of the latest ACS Survey released in 2023, Aurora, IL has a population of 38,900, which has increased by 2.2% over the past 5 years. Aurora, IL is a popular place for families, as children make up 26.1% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,900 | 2.2% |
% Under 18 | 26.1% | -2.2% |
% Seniors | 8.3% | 25.8% |
% WFH | 16.9% | 131.5% |
% w/ College Degree | 49.5% | 12.2% |
As of the latest ACS Survey released in 2023, Aurora, IL is a predominantly white area, with 37.9% of the population identifying as white. The white population has shrunk by 23.6% in the last 5 years. The second most common race or ethnicity in Aurora, IL is hispanic, making up 22.7% of the population. Foreign-born residents account for 23.9% of the population in Aurora, IL, and this percentage has increased by 13.8% 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 | 37.9% | -23.6% |
% Black | 14.6% | 1.4% |
% Hispanic | 22.7% | 22.7% |
% Asian | 20.3% | 37.2% |
% Foreign Born | 23.9% | 13.8% |
Mortgage and Risk — Aurora, IL
According to HUD data as of 2023, there were 589 mortgage originations in Aurora, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Aurora, IL. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 589 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Aurora, IL
As of 2024, the percent of homes in Aurora, IL under the Section 8 program is 6.5%. 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. In Aurora, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 559 |
Total Units Section 8 | 549 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,930 | $2,140 |
| 2 Bedroom | $80 | $2,350 | $2,430 |
| 3 Bedroom | $330 | $2,800 | $3,130 |
| 4 Bedroom | $360 | $3,300 | $3,660 |
Affordability — Aurora, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $341,000 |
| Median Household Income | $98,200 |