Andover, NH 03216 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Andover, NH—03216

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$432,000

2.8% YoY Growth

Household Income

$86,900

19.0% YoY Growth

Days on Market

104

35.0% Shorter YoY

Home Price Forecast

5.0%

Median Rent

$2,900

17.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,900

N/A

3-Bed Rent

N/A

Home Price Trends — Andover, NH

As of Dec '25, the median home price in Andover, NH is $432,000, with a year-over-year change of 2.8%. This indicates that home prices in Andover, NH are increasing. According to Zillow, the 1-year price projection is 5.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$432,000	2.8%
Single Family	$432,000	3.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

23.4%

2 Bedrooms

71.3%

5+ Bedrooms

5.3%

Property Listings — Andover, NH

As of Dec '25, Realtor.com reports that the median days on market for a home in Andover, NH is 45. This is a decrease of -14.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$792,000	23.0%
Listing Count	10	119.0%
Listings as % of Homes	0.3%	119.0%
Days on Market	104	-35.0%

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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%

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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%

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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%

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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

Andover, NH—03216

Key Metrics at a Glance

Home Price Trends — Andover, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Andover, NH

% of Rental Stock

Property Listings — Andover, NH

Demographics — Andover, NH

Race and Ethnicity

Mortgage and Risk — Andover, NH

Mortgages

Rentals and Section 8 — Andover, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Andover, NH

Home Price to Income Ratio

Andover, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Salisbury, NH

Hill, NH

Danbury, NH

Franklin, NH

Wilmot, NH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$432,000
Median Household Income	$86,900

Andover, NH—03216

Key Metrics at a Glance

Home Price Trends — Andover, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Andover, NH

% of Rental Stock

Property Listings — Andover, NH

Demographics — Andover, NH

Race and Ethnicity

Mortgage and Risk — Andover, NH

Mortgages

Rentals and Section 8 — Andover, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Andover, NH

Home Price to Income Ratio

Andover, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Salisbury, NH

Hill, NH

Danbury, NH

Franklin, NH

Wilmot, NH

Frequently Asked Questions

What is the average home price in Andover, NH 03216?

How have home prices in Andover, NH 03216 changed over the past year?

What is the home price projection for Andover, NH 03216?

What are the demographics of Andover, NH 03216?

How long does it take homes to sell in Andover, NH 03216?

What is the average rent price in Andover, NH 03216?