Mortgage payment estimates, closing cost breakdowns, and homebuying data for Aurora, Illinois.
Pre-filled with Aurora median home price and Illinois tax/insurance rates. Adjust for your property.
Estimated closing costs based on Illinois rates and fees applied to Aurora prices.
The median home price in Aurora is $285,000, 6% above the Illinois state median of $270,000. With a population of 180,542, Aurora is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Illinois average 2.07% annually. This higher-than-average tax rate means a $285,000 home in Aurora would carry roughly $492/month in property taxes alone — plan accordingly. Homeowners insurance in Illinois runs approximately $1,900 per year. This is within the normal range nationally.
Average rent in Aurora is $1,420/month. The price-to-rent ratio in Aurora is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Aurora presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.