Andover, NH—03216
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Andover, NH
As of Oct '25, the median home price in Andover, NH is $434,000, with a year-over-year change of 2.6%. This indicates that home prices in Andover, NH are increasing. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $434,000 | 2.7% |
| Single Family | $434,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $375,000 | 2.7% |
3 Bed | $440,000 | 3.5% |
4 Bed | $536,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Andover, NH
As of July '25, Rentcast reports the average rent in Andover, NH is $2,900, with a year-over-year rent change of -17.1%. Per bedroom, the median rent as of July '25 in Andover, NH is 2-bedrooms: $2,900. The most common rental property sizes in Andover, NH are 2-bedroom and 1-bedroom, accounting for 71.3% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,900 | $2,900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Andover, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Andover, NH is 26. This is a increase of 99.0% 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 | $552,000 | 29.0% |
Listing Count | 12 | 58.0% |
| Listings as % of Homes | 0.3% | 58.0% |
Days on Market | 26 | 99.0% |
Demographics — Andover, NH
As of the latest ACS Survey released in 2023, Andover, NH has a population of 2,100, which has decreased by -17.4% over the past 5 years. Andover, NH is a less popular place for families, as children make up 14.6% of the population. The area has a moderately educated workforce, with 31.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,100 | -17.4% |
% Under 18 | 14.6% | -36.0% |
% Seniors | 27.6% | 80.4% |
% WFH | 13.6% | 11.5% |
% w/ College Degree | 31.8% | -24.1% |
As of the latest ACS Survey released in 2023, Andover, NH is a predominantly white area, with 93.7% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Andover, NH is black, making up 2.9% of the population. Foreign-born residents account for 4.2% of the population in Andover, NH, and this percentage has decreased by 30.0% 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 | 93.7% | 0.0% |
% Black | 2.9% | -14.7% |
% Hispanic | 1.8% | 125.0% |
% Asian | 0.2% | -88.9% |
% Foreign Born | 4.2% | -30.0% |
Mortgage and Risk — Andover, NH
According to HUD data as of 2023, there were 79 mortgage originations in Andover, NH, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Andover, NH. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Andover, NH
Andover, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% 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 | $1,110 |
| 2 Bedroom | -$1,440 | $2,900 | $1,460 |
| 3 Bedroom | N/A | N/A | $1,930 |
| 4 Bedroom | N/A | N/A | $1,940 |
Affordability — Andover, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $434,000 |
| Median Household Income | $86,900 |