Andover, MA 01810 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Andover, MA—01810

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$957,000

2.8% YoY Growth

Household Income

$168,000

13.1% YoY Growth

Days on Market

30.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$2,600

4.7% YoY Growth

1-Bed Rent

$2,310

2.1% YoY Growth

2-Bed Rent

$2,900

0.7% YoY Growth

3-Bed Rent

$3,800

5.1% YoY Growth

Home Price Trends — Andover, MA

As of Dec '25, the median home price in Andover, MA is $957,000, with a year-over-year change of 2.8%. This indicates that home prices in Andover, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$957,000	2.8%
Single Family	$1,023,000	3.1%
Condos	$438,000	1.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Andover, MA

As of July '25, Rentcast reports the average rent in Andover, MA is $2,870, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Andover, MA is studios: $1,670, 1-bedrooms: $2,320, 2-bedrooms: $3,030, 3-bedrooms: $4,120, 4-bedrooms: $4,750. The most common rental property sizes in Andover, MA are 1-bedroom and 2-bedroom, accounting for 37.0% and 32.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$2,870
Studio Rent	$1,750	$1,670
1 Bed Rent	$2,310	$2,320
2 Bed Rent	$2,900	$3,030
3 Bed Rent	$3,800	$4,120
4 Bed Rent	$4,000	$4,750

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% of Rental Stock

Studio

3.4%

1 Bedroom

37.0%

2 Bedrooms

32.2%

3 Bedrooms

20.5%

4 Bedrooms

4.1%

5+ Bedrooms

2.8%

Property Listings — Andover, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Andover, MA is 45. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,150,000	-20.0%
Listing Count	30	-8.0%
Listings as % of Homes	0.1%	-8.0%
Days on Market	54	-30.0%

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Demographics — Andover, MA

As of the latest ACS Survey released in 2023, Andover, MA has a population of 35,600, which has remained stable by -0.0% over the past 5 years. Andover, MA is a moderately popular place for families, as children make up 24.5% of the population. The area has a highly educated workforce, with 75.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	35,600	0.0%
% Under 18	24.5%	-2.0%
% Seniors	16.3%	11.6%
% WFH	27.6%	210.1%
% w/ College Degree	75.2%	1.8%

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As of the latest ACS Survey released in 2023, Andover, MA is a predominantly white area, with 69.8% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Andover, MA is asian, making up 16.1% of the population. Foreign-born residents account for 16.7% of the population in Andover, MA, and this percentage has decreased by 2.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	69.8%	-9.6%
% Black	2.3%	-17.9%
% Hispanic	8.1%	84.1%
% Asian	16.1%	15.0%
% Foreign Born	16.7%	-2.3%

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Mortgage and Risk — Andover, MA

According to HUD data as of 2023, there were 601 mortgage originations in Andover, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Andover, MA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	601
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Andover, MA

As of 2024, the percent of homes in Andover, MA under the Section 8 program is 10.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Andover, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	285
Total Units Section 8	273
% Rentals under Section 8	10.5%
% Occupied Section 8	92.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$340	$2,310	$1,970
2 Bedroom	-$320	$2,900	$2,580
3 Bedroom	-$690	$3,800	$3,110
4 Bedroom	-$580	$4,000	$3,420

Andover, MA—01810

Key Metrics at a Glance

Home Price Trends — Andover, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Andover, MA

% of Rental Stock

Property Listings — Andover, MA

Demographics — Andover, MA

Race and Ethnicity

Mortgage and Risk — Andover, MA

Mortgages

Rentals and Section 8 — Andover, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Andover, MA

Home Price to Income Ratio

Andover, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Lawrence, MA

Lawrence, MA

Lawrence, MA

Tewksbury, MA

North Andover, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.8
Median Home Price	$957,000
Median Household Income	$168,000

Andover, MA—01810

Key Metrics at a Glance

Home Price Trends — Andover, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Andover, MA

% of Rental Stock

Property Listings — Andover, MA

Demographics — Andover, MA

Race and Ethnicity

Mortgage and Risk — Andover, MA

Mortgages

Rentals and Section 8 — Andover, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Andover, MA

Home Price to Income Ratio

Andover, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Lawrence, MA

Lawrence, MA

Lawrence, MA

Tewksbury, MA

North Andover, MA

Frequently Asked Questions

What is the average home price in Andover, MA 01810?

How have home prices in Andover, MA 01810 changed over the past year?

What is the home price projection for Andover, MA 01810?

What are the demographics of Andover, MA 01810?

How long does it take homes to sell in Andover, MA 01810?

What is the average rent price in Andover, MA 01810?