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These days, finding an affordable place to live in the North Andover area can be challenging. Home prices in North Andover are now at a median cost of $710,326, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,450/mo in North Andover, primarily driven by the current value of real estate in the North Andover area. In North Andover, 32.34% of households rent, and 30.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Andover is $12,719 per month. Households that rent pay about 19.26% of their income on rent here. North Andover’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Andover, MA: higher priced homes
- Lawrence, MA: less expensive homes
- Boxford, MA: higher priced homes
- Methuen Town, MA: less expensive homes
- Methuen, MA: higher priced homes
- Groveland, MA: less expensive homes
- North Reading, MA: equally priced homes
- Haverhill, MA: less expensive homes
- East Boxford, MA: less expensive homes
- Georgetown, MA: equally priced homes
Cities with Similar Populations
- Franklin, IN: less expensive homes
- Henderson, NC: less expensive homes
- Happy Valley, OR: equally priced homes
- Greenville, MS: less expensive homes
- Grandville, MI: less expensive homes
- Grand Haven, MI: less expensive homes
- Graham, WA: less expensive homes
- Garfield Heights, OH: less expensive homes
- Galloway, OH: less expensive homes
- Galesburg, IL: less expensive homes
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