Andover, MN Real Estate
According to census data in the year 2000 there were 8,205 housing units in Andover.
This represents a 81.6% growth from 4,519 in 1990.
Of those housing units, 7,742 were located in either urbanized areas or urban clusters, and 463 were located in what is classified as a rural area.
Homeownership rate in Andover is about 95.9%.
Andover's vacancy rate, including seasonal lodging, is about 1.2%.
Average household size is 3.28 people.
The majority of houses, apartments or condos in Andover were built after 1989.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 1.80% |
| Two Bedrooms | 9.60% |
| Three Bedrooms | 45.90% |
| Four Bedrooms | 35% |
| Five Bedrooms or more | 7% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.35 |
| Median year structure was built | 1989 |
| Median Value of occupied units | $158,400 |
| Median Price asked for vacant units | $187,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.68 |
| Median year structure was built | 1985 |
| Median Monthly Rent asked for vacant units | $1,875 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.10% |
| Second Mortgage | 16.90% |
| Home Equity Loan | 14.40% |
| Simple Mortgage | 58.80% |
| Debt Free | 8.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
