Real Estate Investing in Andover, Massachusetts

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 35,608 • Essex County

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Should you buy in Andover, MA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Andover, MA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.2% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $1,009,566
Avg Monthly Rent $2,891
ZIP Codes 1

Investing in Andover Real Estate

Across Andover's 1 ZIPs, the picture is tepid: $1.0M median values, $2,891/mo rents, and a population that has faced real economic pressure.

Across Andover's 1 ZIPs, fundamentals run lackluster: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

The $2,891/mo / $1.0M relationship in Andover looks subdued once vacancy and capex are incorporated into underwriting. leans the realized yield tends to disappoint.

Population dynamics in Andover haven't been supportive. a stretch for combined with subdued income growth, the demographic backdrop complicates any purely financial underwriting.

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Best ZIP codes in Boston-Cambridge-Newton, MA-NH

Andover is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Essex County

Manage rentals here? List your business →

MRS Property Management offers full-service property management and tenant placement for apartments, houses, and commercial rentals across the North Shore area and Southern New Hampshire. summary from their website

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CNR Property Management provides expert property management and maintenance solutions. summary from their website

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This domain is for sale for $2,295 or monthly payments. summary from their website

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Avg Home Value
$1,009,566
Avg Monthly Rent
$2,891
1% Rule
✗ Below
Landlord Friendly (MA)

🎓 Colleges & Universities in Andover

1 College 284 Students
C
Massachusetts School of Law
4-Year Private · 284 students

ZIP Codes in Andover, MA

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Frequently Asked Questions About Andover, MA

How does Andover, MA stack up for property investment?

With a 3.0/5 investability score, Andover, MA ranks as a solid market for rental property investors. Median prices of $1.0M and rents of $2,891/mo drive the underlying numbers.

What is the average monthly rent in Andover, MA?

The typical rental in Andover, MA commands about $2,891/mo monthly. That rent profile predictable cash flow against the $1.0M purchase basis.

What are vacancy rates like in Andover, MA?

Vacancy risk in Andover, MA is elevated. That supports steady cash flow for typical rental holds.

How do home values compare in Andover, MA?

Median home price in Andover, MA is near $1.0M, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.

What strategy should investors use in Andover, MA?

Most investors in Andover, MA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

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