Aurora, Illinois Real Estate & Housing Market

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Aurora Housing Information

Index	Aurora	Illinois	National
Median home price	$168,100	$174,800	$184,700
Median rent asked	$1,104	$925	$949
Avg. people per household	3.2	2.6	2.6
Owner occupied households	64.7%	66.0%	63.6%
Renter occupied households	35.3%	34.0%	36.4%

A general overview of the Aurora, IL real estate market is displayed above. The median home price for homes in Aurora, IL is $168,100, which is 4% lower than the Illinois average. This means that real estate in the Aurora, IL area is generally more affordable than the rest of Illinois. The median rent price in Aurora, IL is $1,104 which is 19% higher than the Illinois average. In Aurora, IL, 64.7% of people are home owners and an average of 3.2 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Aurora, IL. We make it easy to find Aurora, IL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Aurora Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Aurora, IL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Aurora, IL is $168,100 and the median household income is $63,967. This results in a home price to income ratio of 2.6x, which is 11% lower than the Illinois average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Aurora, IL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Aurora, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Fairmont, IL	2,516	$90,500	51%
Plano, IL	11,929	$124,500	33%
Boulder Hill, IL	8,449	$140,700	24%
Crystal Lawns, IL	2,263	$146,800	21%
Crest Hill, IL	20,316	$152,100	18%
Aurora, IL	200,907	$168,100	9%

Cities with similar population

City, State	Population	Home Price	National Avg.
Columbus, GA	200,303	$138,600	25%
Montgomery, AL	201,717	$116,600	37%
Moreno Valley, CA	202,061	$231,400	25%
Yonkers, NY	199,725	$379,500	105%
Huntington Beach, CA	198,724	$659,700	257%
Aurora, IL	200,907	$168,100	9%

Source: The Aurora, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).