Andover, MN Housing

The housing market in Andover, MN is an attractive option for potential buyers. The median value of a house in Andover is $402,900, which is higher than the US median value of $338,100. Despite this higher cost of living, house prices have appreciated by 6.82% over the past year - slightly lower than the US appreciation rate of 8.27%. This makes Andover an ideal location for those looking to invest in real estate as they can get more home for their money and it will continue to appreciate over time.

The median home cost in Andover is $402,900. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Andover is up 11.0%.

Average Age of Homes

- The median age of Andover real estate is 24 years old

The Rental Market in Andover

- Renters make up 6.7% of the Andover population
- 0.0% of houses and apartments in Andover, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Andover, Minnesota	United States
	10,976.0	139,647,020.0
	28	42
	$402,900	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$9.70	$10.98
	$3,208	$2,690
	91.9%	57.4%
	2.0%	11.2%
	6.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.3%	2.4%
	0.8%	2.8%
	0.0%	3.9%
	0.1%	4.5%
	1.3%	11.3%
	5.4%	13.0%
	30.2%	20.1%
	37.6%	13.6%
	16.4%	8.3%
	6.0%	9.7%
	0.5%	3.9%
	0.8%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	21.1%	13.6%
	21.1%	13.6%
	29.3%	13.6%
	17.4%	13.2%
	16.0%	14.8%
	29.3%	13.6%
	1.1%	10.0%
	0.2%	4.7%
	1.4%	12.2%