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Aurora

Learn about the people, housing, costs and businesses in Aurora, Illinois

Median Home$277,961
Median Rent$1,667/month
Population181,305
Leading IndustriesHealthcare · Finance & Insurance · Information & Media14% healthcare
Home Value Growth⬆⬆⬆+21.1% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners67% of occupied units
NotableAmenity Score72/100 · highly walkable area
NotableHigh Incomes$98k/year · top 18% nationally
Aurora
IL

Frequently Asked Questions

What are today's mortgage rates in Aurora?

As of today, the 30-year fixed mortgage rate for Aurora is approximately 6.940% (6.947% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Aurora?

The median home value in Aurora is $278k. The median monthly rent is $1,667. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Aurora?

Home values in Aurora have increased 21.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Aurora?

Based on a typical all-in ownership cost of $1,641/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Aurora is $98k/year.

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What industries drive the economy in Aurora?

The largest employment sectors in Aurora are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.