Total monthly cost of ownership
Cost to Own a Home in Aurora, Illinois
A $260,000 home here costs
$2,479per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $106,000 a year.
A standard mortgage calculator would have told you $1,440. The real number is $1,039 higher every month, 72% more than the payment most buyers budget for.
Compare DuPage County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Aurora against DuPage County and Illinois
| Measure | Aurora | DuPage County |
|---|---|---|
| Median home value | $260,400 | $374,100 |
| Median property tax | $6,238 | $7,833 |
| Effective tax rate | 2.396% | 2.094% |
| Median gross rent | $1,535 | $1,628 |
| Population | 179,867 | 927,263 |
Aurora extends across 4 counties. Figures here use DuPage County, where most of its housing sits.
The weather behind that power bill
Aurora sits in DuPage County, which averages a high of 84.4°F in its hottest month and a low of 14.7°F in its coldest, with 40.18" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 775 cooling and 6,506 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for DuPage County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in DuPage County
Full DuPage County cost breakdown · Every county in Illinois
Talk to someone who works this market
These are Aurora averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Aurora every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Aurora I already own here and may sell
Common questions
How much does it cost to own a home in Aurora?
A $260,000 home in Aurora, Illinois costs approximately $2,479 per month with 20% down at 7.4%. That is $1,440 principal and interest, $519 property tax, $102 homeowners insurance, $201 utilities and $217 set aside for maintenance.
What is the property tax rate in Aurora?
Aurora has an effective property tax rate of 2.396%, based on a median home value of $260,400 and median real estate taxes of $6,238. That is higher than the DuPage County average of 2.094%.
What is the average home price in Aurora?
The median owner-occupied home value in Aurora, Illinois is $260,400, against $374,100 across DuPage County.
Is it cheaper to rent or buy in Aurora?
Median gross rent in Aurora is $1,535 a month, against $2,479 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Aurora?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Aurora, Illinois at today's rate takes a household income of roughly $106,000 a year. That covers the full $2,479 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Aurora, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Illinois.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.