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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 $421,929, higher than the Minnesota average of $345,793.
The average cost of rent is $1,779/mo in Andover, primarily driven by the current value of real estate in the Andover area. In Andover, 5.96% of households rent, and 29.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Andover is $11,453 per month. Households that rent pay about 15.53% of their income on rent here. Andover’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Anoka, MN: less expensive homes
- Coon Rapids, MN: less expensive homes
- Ham Lake, MN: equally priced homes
- Ramsey, MN: less expensive homes
- Champlin, MN: less expensive homes
- Blaine, MN: less expensive homes
- Oak Grove, MN: equally priced homes
- Dayton, MN: higher priced homes
- Nowthen, MN: equally priced homes
- East Bethel, MN: less expensive homes
Cities with Similar Populations
- Franklin Town, MA: higher priced homes
- Laplace, LA: less expensive homes
- Indiana, PA: less expensive homes
- Savage, MN: equally priced homes
- Romulus, MI: less expensive homes
- Paradise Hills, NM: less expensive homes
- Dawsonville, GA: equally priced homes
- Dania Beach, FL: equally priced homes
- Garden City, KS: less expensive homes
- Quakertown, PA: less expensive homes
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