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 Type | 2.70% |
| One Bedroom | 23.30% |
| Two Bedrooms | 20.70% |
| Three Bedrooms | 26.90% |
| Four Bedrooms | 19.70% |
| Five Bedrooms or more | 6.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $315,800 |
| Median Price asked for vacant units | $350,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 55% |
| Debt Free | 29.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
