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These days, finding an affordable place to live in the Andover area can be challenging. Home prices in Andover are now at a median cost of $375,605, lower than the Connecticut average of $418,901.
The average cost of rent is $1,153/mo in Andover, primarily driven by the current value of real estate in the Andover area. In Andover, 6.68% of households rent, and 30.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Andover is $11,142 per month. Households that rent pay about 10.35% of their income on rent here. Andover’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hebron, CT: equally priced homes
- Coventry, CT: less expensive homes
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- Liberty Hill, CT: less expensive homes
- Mansfield City, CT: less expensive homes
- Storrs, CT: less expensive homes
- Marlborough, CT: equally priced homes
- Storrs Mansfield, CT: less expensive homes
Cities with Similar Populations
- Oley, PA: less expensive homes
- Presidio, TX: less expensive homes
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- Partlow, VA: equally priced homes
- Beloit, KS: less expensive homes
- Marietta, OK: less expensive homes
- Orange Grove, TX: less expensive homes
- Nahant, MA: higher priced homes
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