Andover, OH 44003 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Andover, OH—44003

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$66,000

7.0% YoY Growth

Household Income

$53,700

25.2% YoY Growth

Days on Market

39.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Andover, OH

As of May '26, the median home price in Andover, OH is $66,000, with a year-over-year change of -7.0%. This indicates that home prices in Andover, OH are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$66,000	-7.0%
Single Family	$66,000	-8.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Andover, OH

Andover, OH lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

6.4%

2 Bedrooms

32.0%

3 Bedrooms

39.4%

5+ Bedrooms

22.2%

Property Listings — Andover, OH

As of May '26, Realtor.com reports that the median days on market for a home in Andover, OH is 71. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$172,000	10.0%
Listing Count	14	54.0%
Listings as % of Homes	0.3%	54.0%
Days on Market	71	39.0%

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Demographics — Andover, OH

As of the latest ACS Survey released in 2023, Andover, OH has a population of 4,380, which has increased by 3.6% over the past 5 years. Andover, OH is a popular place for families, as children make up 33.2% of the population. The area has a poorly educated workforce, with 5.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,380	3.6%
% Under 18	33.2%	37.2%
% Seniors	19.1%	-15.1%
% WFH	6.1%	96.8%
% w/ College Degree	5.2%	-64.4%

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As of the latest ACS Survey released in 2023, Andover, OH is a predominantly white area, with 97.6% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Andover, OH is hispanic, making up 1.1% of the population. Foreign-born residents account for 0.7% of the population in Andover, OH, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	97.6%	3.4%
% Black	0.1%	-96.2%
% Hispanic	1.1%	-15.4%
% Asian	0.0%	N/A
% Foreign Born	0.7%	0.0%

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Mortgage and Risk — Andover, OH

According to HUD data as of 2023, there were 116 mortgage originations in Andover, OH, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Andover, OH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	116
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	1.0%
% Second Loans	3.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Andover, OH

Andover, OH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% 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	$810
2 Bedroom	N/A	N/A	$990
3 Bedroom	N/A	N/A	$1,210
4 Bedroom	N/A	N/A	$1,370

Andover, OH—44003

Key Metrics at a Glance

Home Price Trends — Andover, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Andover, OH

% of Rental Stock

Property Listings — Andover, OH

Demographics — Andover, OH

Race and Ethnicity

Mortgage and Risk — Andover, OH

Mortgages

Rentals and Section 8 — Andover, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Andover, OH

Home Price to Income Ratio

Andover, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Williamsfield, OH

Dorset, OH

Pierpont, OH

Linesville, PA

Jamestown, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.2
Median Home Price	$66,000
Median Household Income	$53,700

Andover, OH—44003

Key Metrics at a Glance

Home Price Trends — Andover, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Andover, OH

% of Rental Stock

Property Listings — Andover, OH

Demographics — Andover, OH

Race and Ethnicity

Mortgage and Risk — Andover, OH

Mortgages

Rentals and Section 8 — Andover, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Andover, OH

Home Price to Income Ratio

Andover, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Williamsfield, OH

Dorset, OH

Pierpont, OH

Linesville, PA

Jamestown, PA

Frequently Asked Questions

What is the average home price in Andover, OH 44003?

How have home prices in Andover, OH 44003 changed over the past year?

What is the home price projection for Andover, OH 44003?

What are the demographics of Andover, OH 44003?

How long does it take homes to sell in Andover, OH 44003?

What is the average rent price in Andover, OH 44003?