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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 $843,416, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,235/mo in Andover, primarily driven by the current value of real estate in the Andover area. In Andover, 20.53% of households rent, and 28.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Andover is $15,270 per month. Households that rent pay about 14.64% of their income on rent here. Andover’s most expensive areas are in the southwestern 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
- North Andover, MA: less expensive homes
- Lawrence, MA: less expensive homes
- Methuen, MA: higher priced homes
- Tewksbury, MA: less expensive homes
- Methuen Town, MA: less expensive homes
- North Reading, MA: less expensive homes
- Wilmington, MA: less expensive homes
- Boxford, MA: equally priced homes
- Lowell, MA: less expensive homes
- Dracut, MA: less expensive homes
Cities with Similar Populations
- San Luis, AZ: less expensive homes
- Cabo Rojo, PR: less expensive homes
- Patillas, PR: less expensive homes
- Ambler, PA: less expensive homes
- Woodbury, NJ: less expensive homes
- Gaffney, SC: less expensive homes
- Kinston, NC: less expensive homes
- Torrington, CT: less expensive homes
- Mattapan, MA: less expensive homes
- Pace, FL: less expensive homes
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