The story of this market
The typical home in ZIP 60505 sells for about $240,000, or $185 per square foot.
Prices are up +1.9% from a year ago, so sellers still have some momentum. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,316 a month.
ZIP 60505 — Aurora
The 60505 housing market remains competitive with steady demand, characterized by a median sale price of $240,000 and a median of 49 days on market. While inventory remains tight, the market is showing resilience with a slight year-over-year price increase. Buyers are finding balanced opportunities, though affordability remains a key factor for many in this segment.
This ZIP code is well-suited for first-time homebuyers, families, and renters seeking more affordable entry points into the Chicago suburbs compared to neighboring areas, while still maintaining access to urban amenities.
Median prices moved up 1.9% year over year.
Homes spend a median of 49 days on market with 4.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.5% · poverty 12.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60505, Kane County IL
Crime rates in Aurora are generally consistent with regional averages for similar-sized urban centers in the Chicago metropolitan area, with ongoing efforts by local law enforcement to address property and violent crime trends.
Schools serving the 60505 area are primarily part of the West Aurora School District 129, which provides a range of educational services; performance ratings vary by individual campus.
The area faces relatively high risk from inland flooding, particularly in designated FEMA flood zones, alongside risks from severe weather events like tornadoes and lightning.
Economic momentum is driven by the revitalization of downtown Aurora and the presence of diverse industrial and service-sector employers, supported by ongoing infrastructure investments.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents have access to Metra commuter rail services and major highway corridors like I-88, facilitating transit toward the Chicago employment core.
The area features access to local parks, the Fox River trail system, and proximity to shopping and dining districts in downtown Aurora.
The rental market shows moderate demand with a mix of single-family and multi-family options; pricing has remained relatively stable with some softening observed in recent periods.
The economy is anchored by a mix of manufacturing, healthcare, and retail sectors, with significant employment opportunities in the broader Chicago-Naperville-Elgin metropolitan area.
The area is served by Pace bus routes and is within reach of the Metra BNSF line, providing essential transit links to Chicago.
Ongoing development focuses on infill housing and the adaptive reuse of historic structures in the downtown and riverfront areas.
The Kane County Assessor's office manages property valuations, utilizing a mass appraisal system to determine annual tax assessments.
Parcels are subject to various special districts, including school districts, library districts, and park districts, which contribute to the overall property tax burden.
Property insurance premiums are influenced by the area's flood risk profile and the general climate-related hazard exposure of the Midwest.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large municipal park featuring a zoo, golf course, and aquatic center.
Extensive regional trail system for biking and walking along the river.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).