The story of this market
The typical home in ZIP 60505 sells for about $279,000, or $209 per square foot.
Prices are up +7.3% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 60505 — Aurora
The 60505 housing market is experiencing strong price momentum with a 7.3% year-over-year increase in median sale prices. Low inventory levels, with only 11 active listings, are driving competitive conditions and a high sale-to-list ratio of 99%.
This ZIP code is well-suited for family buyers and commuters seeking relatively affordable housing options within the Aurora area.
Median prices moved up 7.3% year over year.
Homes spend a median of 42 days on market with 0.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 14.5% — 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 7.6%/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.
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.
The mean commute to work for residents in this ZIP code is approximately 23 minutes.
The area features local parks and open spaces, with proximity to the broader Aurora park system and shopping districts within a 3-mile radius.
The rental market shows a median asking rent of $1,650 per month with moderate vacancy pressure.
The local economy is anchored by the broader Aurora industrial and service sectors.
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 Census ACS and local market aggregators.
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. Source: NCES EDGE public school locations 2023-24.
Local green space serving the neighborhood.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.