Andover, NY—14806
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Andover, NY
Andover, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $124,000 | 3.9% |
| Single Family | $124,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $114,000 | 0.0% |
3 Bed | $137,000 | 5.4% |
4 Bed | $131,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Andover, NY
As of July '25, Rentcast reports the average rent in Andover, NY is $995, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Andover, NY is 3-bedrooms: $995. The most common rental property sizes in Andover, NY are 3-bedroom and 2-bedroom, accounting for 57.8% and 20.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $995 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $995 | $995 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Andover, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Andover, NY is 31. This is a decrease of -39.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | 99.0% |
Listing Count | 4 | -46.0% |
| Listings as % of Homes | 0.5% | -46.0% |
Days on Market | 31 | -39.0% |
Demographics — Andover, NY
As of the latest ACS Survey released in 2023, Andover, NY has a population of 2,130, which has increased by 5.8% over the past 5 years. Andover, NY is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,130 | 5.8% |
% Under 18 | 23.3% | -3.3% |
% Seniors | 20.2% | 17.4% |
% WFH | 6.9% | 64.3% |
% w/ College Degree | 22.6% | 37.8% |
As of the latest ACS Survey released in 2023, Andover, NY is a predominantly white area, with 97.6% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Andover, NY is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.4% of the population in Andover, NY, and this percentage has decreased by 88.9% 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 | 97.6% | -0.8% |
% Black | 0.0% | N/A |
% Hispanic | 0.7% | 133.3% |
% Asian | 0.3% | -70.0% |
% Foreign Born | 0.4% | -88.9% |
Mortgage and Risk — Andover, NY
According to HUD data as of 2023, there were 39 mortgage originations in Andover, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Andover, NY. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Andover, NY
Andover, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | $175 | $995 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Andover, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $124,000 |
| Median Household Income | $75,400 |