Mortgage payment estimates, closing cost breakdowns, and homebuying data for Aurora, Colorado.
Median Home Price
$465K
Population
386K
Avg Monthly Rent
$1,620
Property Tax Rate
0.51% *
* Property tax shown is the Colorado state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Aurora.
Aurora vs Colorado Median
The median home price in Aurora is $465,000, which is 11% below the Colorado state median of $520,000.
Mortgage Calculator — Aurora, CO
Pre-filled with Aurora median home price and Colorado tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $465K home using Colorado's 0.51% tax rate and $3,200/yr insurance.
5% Down
$3,514/mo
Down: $23,250
Loan: $442K
P&I: $2,792
Tax: $198
Insurance: $267
PMI: $258
10% Down
$3,354/mo
Down: $46,500
Loan: $419K
P&I: $2,645
Tax: $198
Insurance: $267
PMI: $244
20% Down (No PMI)
$2,816/mo
Down: $93,000
Loan: $372K
P&I: $2,351
Tax: $198
Insurance: $267
Income needed (28% rule): $121K/year with 20% down, $144K/year with 10% down.
Rent vs Buy in Aurora
Rent
$1,620/mo
vs
Buy (10% down)
$3,354/mo
Price-to-rent ratio: 23.9 — At a ratio above 20, renting may be more economical in Aurora for shorter stays. Buying costs $1,734 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Aurora is $465,000, 11% below the Colorado state median of $520,000. With a population of 386,261, Aurora is a mid-size city where home prices tend to be more accessible than in many parts of Colorado.
Property taxes in Colorado average 0.51% annually. This low property tax rate is a significant advantage for Aurora buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Colorado runs approximately $3,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Aurora is $1,620/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Aurora is a higher-cost market. At $465K median, buyers need significant savings or strong income. Down payment assistance through Colorado's CHFA Down Payment Assistance program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Aurora.