Oakwood Heights Delivers 8.5% Rental Yield, Beats All Aurora Suburbs

Oakwood Heights delivered the city’s top rental yield in the June quarter at 8.5 percent, according to fresh figures compiled by the Aurora Real Estate Board.

Investors are locking in properties here while borrowing costs remain elevated and demand for affordable rentals stays steady across the metro area. The suburb’s mix of older stock and recent light-rail extensions has drawn attention from local funds that previously focused on downtown conversions.

The yield edge comes as the Aurora Housing Initiative expands its landlord incentive grants through the end of 2026, offering up to $4,000 per unit for energy upgrades that cut operating costs.

Streets driving the numbers

Elm Street between 12th and 16th avenues accounts for 42 percent of the suburb’s recent investor purchases. Properties on River Road near the old textile mill site are trading at a median $318,000 with weekly rents averaging $620. The corner block at Oakwood Plaza, redeveloped last year by the Aurora Community Development Corporation, now holds 28 leased apartments that cleared at 9.1 percent yield in their first full quarter.

Tenants include staff at the nearby regional hospital and workers at the logistics park that opened on the former rail yard in 2025. Both employers added shifts this spring, pushing vacancy rates in Oakwood Heights below 3 percent.

Yield data and next steps

Board records show Oakwood Heights cleared the 8.5 percent mark on 67 settled sales between April and June, beating the city-wide average of 6.1 percent. Median sale prices rose only 2.4 percent year-on-year, keeping entry points lower than in Maple Grove or Westridge.

Buyers eyeing the same numbers should check the city’s online permit portal for any outstanding code notices before settlement and contact the Aurora Real Estate Board’s investor hotline for the latest rent-roll templates. Listings on Elm Street are expected to stay tight through August.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.