Compare Aurora, CO mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Aurora.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Aurora. Plus, shopping lenders is free and there is no obligation.
June 25, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Aurora. Understand how much you need to earn to afford a home in Aurora, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Aurora fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Aurora is right for you.
The median home value for Aurora, CO (Arapahoe County) is $512,715
Based on current mortgage rates and a 10% down payment, you need to make $84,006 per year to buy the median priced home in Aurora
With this income, you could qualify for a $461,443 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Aurora is $1,945
The median household income for Aurora, CO (Arapahoe County) is $89,399
Based on this income, you can afford a home valued at approximately $545,628
The home price you can afford to buy based on household income in Aurora is 106% of the median home value which means housing prices are average. Aurora (Arapahoe County) ranks 44 out of 64 counties in Colorado and 2,983 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Aurora, CO is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Aurora (Arapahoe County) below.
Conforming loan limits for Aurora, CO
FHA loan limits for Aurora, CO