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Andover, MA Real Estate


According to census data in the year 2000 there were 3,689 housing units in Andover. This represents a 0.5% growth from 3,672 in 1990.

Of those housing units, 3,689 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Andover is about 60.4%. Andover's vacancy rate, including seasonal lodging, is about 3.4%. Average household size is 2.24 people.

The majority of houses, apartments or condos in Andover were built after 1942.

Statistics

Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom23.30%
Two Bedrooms20.70%
Three Bedrooms26.90%
Four Bedrooms19.70%
Five Bedrooms or more6.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1951
Median Value of occupied units$315,800
Median Price asked for vacant units$350,000

Rented Homes, Apartments and Condos

Average Household Size1.72
Median year structure was built1939
Median Monthly Rent asked for vacant units$525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan10.60%
Simple Mortgage55%
Debt Free29.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19%