Kenna Real Estate Group · Aurora affordable homes guide
Cheap homes in Aurora are 1970s and 1980s condos along Parker Road, Mississippi and Hampden, plus the small 1950s houses of original Aurora near Anschutz: 769 homes under $400,000 this week, 477 under $300,000, median $270,000 with a $400 HOA. This guide walks the ZIP codes, prices the payment line by line, and covers Aurora HOAP, metroDPA, CHFA and the VA route from Buckley.
A live person answers. Not a robot, not a phone tree.
477 under $300,000, 321 under $250,000. Updated daily on the Aurora affordable homes page.
Heather Gardens and Meadow Hills, Expo Park and Village East, Del Mar and Highline hold more than half of them.
On a $300,000 condo, $400 HOA with FHA at 7 percent, including the $400 HOA. Income needed at 30 percent: $108,000.
The grant covers the down payment, the seller pays closing, earnest money comes back.
Aurora's affordable homes run in a band along Parker Road and the R Line, from Colfax south to Hampden, almost all of it 1970s to 1980s condo and townhome complexes. The exceptions are original Aurora north of Colfax (small brick houses, no HOA) and the newest townhomes out east with a metro district.
About 1,000 square feet in Expo Park, Aurora Hills or Heather Gardens (55-plus), one bath or one and a half, a carport or a detached garage.
Mission Viejo, Side Creek or Meadow Hills: two bedrooms, two baths, an attached one-car garage, a patio. The median affordable Aurora home sits here.
Original Aurora, Hoffman Heights or Del Mar: a 1950s two- or three-bedroom ranch on a 6,000 square foot lot with a garage and no dues.
An Aurora condo at $300,000 and an Aurora house at $400,000 cost nearly the same per month, because the house has no $400 HOA line. That is why the Hoffman Heights ranch and the Mission Viejo townhome land on the same shortlist.
| Line | $250,000 condo, $400 HOA | $300,000 condo, $400 HOA | $400,000 house, no HOA |
|---|---|---|---|
| Principal and interest | $1,605 | $1,926 | $2,568 |
| HOA or metro district | $400 | $400 | none |
| Property taxes | $115 | $138 | $183 |
| FHA mortgage insurance | $111 | $133 | $177 |
| Homeowners insurance | $83 | $100 | $133 |
| Total | $2,314 | $2,697 | $3,061 |
| Income needed at 30 percent | $93,000 | $108,000 | $122,000 |
Heather Gardens dues run higher than the $400 used here ($500 to $800) because they include heat, water and the golf course; subtract your utility bill before you compare. Run your own numbers on can I afford a home now.
620 score, income under $178,920, $1,000 of your own money, a homebuyer class. Statewide, repeat buyers welcome. The catch: the rate is about a quarter point higher than a plain FHA loan, and the second mortgage is repaid when you sell or refinance. The CHFA page.
The Home Ownership Assistance Program: a deferred down payment and closing cost loan for buyers under the income limit purchasing inside Aurora, stackable with CHFA. The catch: the income band, a homebuyer class, and the loan is repaid when you sell or refinance.
Arapahoe and Adams counties are members: a 0 percent second mortgage with no payments, 620 score, income under $210,150, repeat buyers welcome. The catch: forgiven only after year three, and the first-mortgage rate runs higher than market.
Nearly every Aurora condo complex is VA-approved, so a veteran buys a $300,000 condo with nothing down and no mortgage insurance. The catch: the funding fee, unless you are exempt, and the complex must be on the VA list.
Aurora carries one or two HUD homes at a time, sold as-is at the appraised price. The catch: the inventory is tiny. Aurora HUD homes.
A 3 percent option fee ($9,000 on $300,000) plus a rent premium, no title until the end. The catch: most tenants never exercise the option. Aurora rent-to-own homes.
Two bedrooms is the Aurora affordable home. Three bedrooms under $400,000 means a Mission Viejo or Seven Hills townhome, a Del Mar house or a Hoffman Heights ranch, about 191 of them this week. The bedroom-count pages: 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom Aurora homes.
Del Mar and Highline (80011) for the lowest prices, Expo Park and Village East (80012) and Heather Gardens and Meadow Hills (80014) for the most two-bedroom condos under $300,000. Together those three ZIPs hold more than half of Aurora's 769 homes under $400,000. Every one is on affordable homes for sale in Aurora.
Yes. 477 Aurora homes are listed under $300,000 this week, nearly all two-bedroom condos and townhomes of about 1,000 square feet with an HOA of $300 to $500. A detached house under $300,000 in Aurora is a fixer in Del Mar or a manufactured home in a park.
About $2,697 a month with an FHA loan at 7 percent and 3.5 percent down, including a $400 HOA, taxes and mortgage insurance; a lender approves that at about $108,000 a year of income.
The City of Aurora's Home Ownership Assistance Program, a deferred loan toward down payment and closing costs for income-eligible buyers purchasing in the city, stacked on top of CHFA or an FHA loan. It is repaid when the home sells or refinances. We confirm the current funding and limit the day you call.
No. Heather Gardens is an age-restricted community; one resident must be 55 or older. Buyers under 55 shop Meadow Hills, Expo Park and the Parker Road complexes at the same prices. The 55-plus side is on Aurora 55-plus communities.
Original Aurora and Hoffman Heights (80010) and Del Mar (80011): 1940s and 1950s brick ranches of 800 to 1,100 square feet, no HOA, from the low $300,000s. The next step up is a Mission Viejo townhome with a garage.
Only when a loan is impossible today. A lease-option on a $300,000 Aurora home takes a $9,000 option fee plus a rent premium with no title until the end; CHFA or Aurora HOAP puts a 620-score buyer on title now for about $1,000. The side-by-side is on Aurora rent-to-own homes.
Every Aurora home under $400,000, updated daily · Affordable homes across Colorado · The Denver affordable homes guide · $1,000 cash to close · CHFA assistance · Aurora starter homes · Aurora condos · Aurora townhomes · Aurora HUD homes · Aurora rent-to-own · Credit care · All Aurora homes. Nearby: Denver, Centennial, Commerce City, Englewood.
Text AURORA and your top price to 303-955-4220. A live person answers, sets up the search with the HOA on every tile, and runs the CHFA numbers the same day. Showings seven days a week.
Call or text 303-955-4220 See Aurora affordable homes on the map