Andover, KS—67002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Andover, KS
As of Oct '25, the median home price in Andover, KS is $324,000, with a year-over-year change of 1.8%. This indicates that home prices in Andover, KS are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 1.8% |
| Single Family | $325,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | 4.3% |
3 Bed | $270,000 | 3.4% |
4 Bed | $331,000 | 1.2% |
| 5 Bed | $413,000 | 1.2% |
% of Housing Stock
Rental Trends — Andover, KS
As of July '25, Rentcast reports the average rent in Andover, KS is $1,830, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Andover, KS is 1-bedrooms: $973, 2-bedrooms: $1,750, 3-bedrooms: $1,500, 4-bedrooms: $2,230. The most common rental property sizes in Andover, KS are 3-bedroom and 4-bedroom, accounting for 37.2% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,830 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $973 |
| 2 Bed Rent | $1,200 | $1,750 |
| 3 Bed Rent | $1,540 | $1,500 |
| 4 Bed Rent | $2,200 | $2,230 |
% of Rental Stock
Property Listings — Andover, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Andover, KS is 81. This is a decrease of -13.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $418,000 | 1.0% |
Listing Count | 156 | 25.0% |
| Listings as % of Homes | 1.3% | 25.0% |
Days on Market | 81 | -13.0% |
Demographics — Andover, KS
As of the latest ACS Survey released in 2023, Andover, KS has a population of 16,800, which has increased by 13.7% over the past 5 years. Andover, KS is a popular place for families, as children make up 31.0% of the population. The area has a highly educated workforce, with 50.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | 13.7% |
% Under 18 | 31.0% | -0.3% |
% Seniors | 12.0% | 3.4% |
% WFH | 10.3% | 87.3% |
% w/ College Degree | 50.4% | 3.7% |
As of the latest ACS Survey released in 2023, Andover, KS is a predominantly white area, with 82.0% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Andover, KS is hispanic, making up 6.4% of the population. Foreign-born residents account for 7.6% of the population in Andover, KS, and this percentage has increased by 38.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.0% | -3.6% |
% Black | 2.9% | 107.1% |
% Hispanic | 6.4% | -11.1% |
% Asian | 4.1% | 0.0% |
% Foreign Born | 7.6% | 38.2% |
Mortgage and Risk — Andover, KS
According to HUD data as of 2023, there were 381 mortgage originations in Andover, KS, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Andover, KS. Investor activity is low, as 4.0% 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 | 381 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Andover, KS
As of 2024, the percent of homes in Andover, KS under the Section 8 program is 0.9%. 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, KS, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,100 | $1,140 |
| 2 Bedroom | $290 | $1,200 | $1,490 |
| 3 Bedroom | $410 | $1,540 | $1,950 |
| 4 Bedroom | $190 | $2,200 | $2,390 |
Affordability — Andover, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $324,000 |
| Median Household Income | $106,000 |