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Aurora

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

Median Home$97,600
Median Rent$509/month
Population1,792
Leading IndustriesManufacturing · Agriculture & Mining · Retail6% manufacturing
Home Value Growth⬆⬆⬆+35.4% over 2 years
Retirees27% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$98k median home · lower cost than 93% of the country
Aurora
MN

Frequently Asked Questions

What are today's mortgage rates in Aurora?

As of today, the 30-year fixed mortgage rate for Aurora is approximately 6.985% (7.024% 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 $98k. The median monthly rent is $509. Annual property taxes average $972. 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 35.4% 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 $527/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Aurora is $42k/year.

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What industries drive the economy in Aurora?

The largest employment sectors in Aurora are public administration (21%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.