Aurora, IL—60505
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 $239,000, with a year-over-year change of 5.0%. 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 | $239,000 | 5.0% |
| Single Family | $245,000 | 4.7% |
| Condos | $162,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $133,000 | 0.8% |
2 Bed | $203,000 | 4.6% |
3 Bed | $247,000 | 4.2% |
4 Bed | $273,000 | 3.8% |
| 5 Bed | $297,000 | 3.5% |
% of Housing Stock
Rental Trends — Aurora, IL
As of July '25, Rentcast reports the average rent in Aurora, IL is $1,740, with a year-over-year rent change of 9.4%. Per bedroom, the median rent as of July '25 in Aurora, IL is studios: $1,160, 1-bedrooms: $1,290, 2-bedrooms: $1,800, 3-bedrooms: $2,110, 4-bedrooms: $2,390. The most common rental property sizes in Aurora, IL are 2-bedroom and 3-bedroom, accounting for 33.4% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,740 |
| Studio Rent | $1,160 | $1,160 |
| 1 Bed Rent | $1,300 | $1,290 |
| 2 Bed Rent | $1,790 | $1,800 |
| 3 Bed Rent | $2,000 | $2,110 |
| 4 Bed Rent | $2,260 | $2,390 |
% 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 22. This is a increase of 16.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | 21.0% |
Listing Count | 52 | -7.0% |
| Listings as % of Homes | 0.2% | -7.0% |
Days on Market | 22 | 16.0% |
Demographics — Aurora, IL
As of the latest ACS Survey released in 2023, Aurora, IL has a population of 58,200, which has decreased by -24.6% over the past 5 years. Aurora, IL is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,200 | -24.6% |
% Under 18 | 28.6% | -8.9% |
% Seniors | 9.7% | 11.5% |
% WFH | 4.5% | 164.7% |
% w/ College Degree | 13.2% | 40.4% |
As of the latest ACS Survey released in 2023, Aurora, IL is a predominantly hispanic area, with 79.3% of the population identifying as hispanic. The hispanic population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Aurora, IL is white, making up 12.5% of the population. Foreign-born residents account for 33.4% of the population in Aurora, IL, and this percentage has decreased by 1.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 12.5% | -15.5% |
% Black | 6.7% | -18.3% |
% Hispanic | 79.3% | 4.8% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 33.4% | -1.5% |
Mortgage and Risk — Aurora, IL
According to HUD data as of 2023, there were 492 mortgage originations in Aurora, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 492 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% 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 5.9%. 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 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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 730 |
Total Units Section 8 | 422 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,300 | $1,430 |
| 2 Bedroom | -$180 | $1,790 | $1,610 |
| 3 Bedroom | $70 | $2,000 | $2,070 |
| 4 Bedroom | $170 | $2,260 | $2,430 |
Affordability — Aurora, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $239,000 |
| Median Household Income | $70,300 |