CALCMONEY // HOME AFFORDABILITY // CO // AURORA
How much house can you afford in Aurora? Based on local median home prices, current CO mortgage rates, and Aurora property tax data.
$480,000
$2,953/mo
$126,558/yr
$229,527
Monthly housing costs of $2,953 represent 50.6% of Aurora's median gross monthly income ($5,833/mo). At 50.6%, median-income buyers in Aurora are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $480,000 |
| Down Payment (20%) | $96,000 |
| Loan Amount | $384,000 |
| Monthly PI Payment | $2,529 |
| Monthly Property Tax | $224 |
| Monthly Insurance Est. | $200 |
| Total Monthly PITI | $2,953 |
| Housing Cost % of Income | 50.6% |
| Required Income (28% rule) | $126,558/yr |
| Max Affordable Home | $229,527 |
$16,800
$3,803/mo
Aurora Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $480,000 | Aurora city median |
| Down Payment (20%) | $96,000 | Conventional loan |
| Monthly PITI | $2,953 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $126,558 | Annual gross |
| Max Affordable Home | $229,527 | Based on median income |
| FHA Down (3.5%) | $16,800 | Minimum FHA |
| Housing Cost % of Income | 50.6% | Median income: $70,000/yr |
| Property Tax Rate | 0.56% | $2,688/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Aurora is $480,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $384,000, generating a monthly P&I payment of $2,529. Adding property taxes ($224/mo) and homeowners insurance ($200/mo) brings total monthly PITI to $2,953.
Aurora's property tax rate of 0.56% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Aurora median home, that is $224/month, or $2,688 per year.
Colorado levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Aurora should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Aurora's median income of $70,000/year can afford up to $1,633/month in total housing costs. Based on Aurora's mortgage rate of 6.9% and property tax rate of 0.56%, that translates to a maximum affordable home price of approximately $229,527 with 20% down on a 30-year loan.
To afford the median Aurora home priced at $480,000, you need an annual gross income of approximately $126,558. Total monthly housing costs (principal and interest of $2,529, property taxes of $224, and insurance of $200) come to $2,953/month, which equals 28% of the required income.
At the median home price of $480,000 and median household income of $70,000, the total monthly housing cost of $2,953 represents 50.6% of gross monthly income. This is well above the standard 28% threshold, making Aurora a challenging market for buyers at median income.
A conventional 20% down payment on the median Aurora home of $480,000 is $96,000. An FHA loan requires just 3.5% down — $16,800 — but adds mortgage insurance of roughly $328/month, bringing total FHA payments to $3,803/month.
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