Aurora, IL—60506
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 $299,000, with a year-over-year change of 4.3%. This indicates that home prices in Aurora, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 4.3% |
| Single Family | $303,000 | 4.1% |
| Condos | $210,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $235,000 | 4.9% |
3 Bed | $292,000 | 3.9% |
4 Bed | $365,000 | 5.2% |
| 5 Bed | $391,000 | 4.5% |
% of Housing Stock
Rental Trends — Aurora, IL
As of July '25, Rentcast reports the average rent in Aurora, IL is $1,870, with a year-over-year rent change of 7.5%. Per bedroom, the median rent as of July '25 in Aurora, IL is studios: $1,060, 1-bedrooms: $1,620, 2-bedrooms: $1,980, 3-bedrooms: $2,170, 4-bedrooms: $2,450. The most common rental property sizes in Aurora, IL are 2-bedroom and 1-bedroom, accounting for 35.4% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,870 |
| Studio Rent | $1,050 | $1,060 |
| 1 Bed Rent | $1,630 | $1,620 |
| 2 Bed Rent | $1,870 | $1,980 |
| 3 Bed Rent | $2,080 | $2,170 |
| 4 Bed Rent | $2,000 | $2,450 |
% 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 34. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $301,000 | 0.0% |
Listing Count | 107 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 34 | -1.0% |
Demographics — Aurora, IL
As of the latest ACS Survey released in 2023, Aurora, IL has a population of 49,900, which has decreased by -8.0% over the past 5 years. Aurora, IL is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,900 | -8.0% |
% Under 18 | 24.8% | -7.8% |
% Seniors | 14.2% | 17.4% |
% WFH | 11.4% | 256.2% |
% w/ College Degree | 29.4% | 25.1% |
As of the latest ACS Survey released in 2023, Aurora, IL is a predominantly hispanic area, with 46.5% of the population identifying as hispanic. The hispanic population has grown by 17.1% in the last 5 years. The second most common race or ethnicity in Aurora, IL is white, making up 36.6% of the population. Foreign-born residents account for 18.8% of the population in Aurora, IL, and this percentage has increased by 1.6% 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 | 36.6% | -11.4% |
% Black | 11.4% | -10.2% |
% Hispanic | 46.5% | 17.1% |
% Asian | 2.6% | -18.8% |
% Foreign Born | 18.8% | 1.6% |
Mortgage and Risk — Aurora, IL
According to HUD data as of 2023, there were 563 mortgage originations in Aurora, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Aurora, IL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 563 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Aurora, IL
As of 2024, the percent of homes in Aurora, IL under the Section 8 program is 11.2%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Aurora, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 923 |
Total Units Section 8 | 618 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 78.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,630 | $1,480 |
| 2 Bedroom | -$200 | $1,870 | $1,670 |
| 3 Bedroom | $70 | $2,080 | $2,150 |
| 4 Bedroom | $520 | $2,000 | $2,520 |
Affordability — Aurora, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $299,000 |
| Median Household Income | $76,100 |