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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 $182,345, lower than the Illinois average of $300,242.
The average cost of rent is $948/mo in Andover, primarily driven by the current value of real estate in the Andover area. In Andover, 20.90% of households rent, and 44.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Andover is $6,176 per month. Households that rent pay about 15.34% of their income on rent here. Andover’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Swedona, IL: higher priced homes
- Ulah, IL: less expensive homes
- Osco, IL: equally priced homes
- Cambridge, IL: less expensive homes
- Lynn Center, IL: higher priced homes
- Orion, IL: higher priced homes
- Opheim, IL: higher priced homes
- Warner, IL: higher priced homes
- Woodhull, IL: less expensive homes
- Alpha, IL: less expensive homes
Cities with Similar Populations
- Lenapah, OK: less expensive homes
- Butte Falls, OR: higher priced homes
- Meta, KY: less expensive homes
- Glen Daniel, WV: less expensive homes
- Ruggles, OH: higher priced homes
- Denver, NY: higher priced homes
- Goodwill, LA: less expensive homes
- Mount Carmel, MS: less expensive homes
- Hammett, ID: higher priced homes
- Somerville, IN: less expensive homes
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