Andover, NJ Real Estate
According to census data in the year 2000 there were 272 housing units in Andover.
This represents a 0.7% decline from 274 in 1990.
Of those housing units, 212 were located in either urbanized areas or urban clusters, and 60 were located in what is classified as a rural area.
Homeownership rate in Andover is about 57.7%.
Andover's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Andover were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 12.50% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 39.70% |
| Four Bedrooms | 18% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $154,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $675 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.90% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 61.30% |
| Debt Free | 27% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
