Real Estate Investing in Andover, New Hampshire

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

1 ZIP codes • Population: 2,105 • Merrimack County

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Should you buy in Andover, NH? 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
  • High vacancy: 15.3% of homes vacant — above national norms.

What’s happening in Andover, NH?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

8.4% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $481,792
Avg Monthly Rent $1,683
ZIP Codes 1

Investing in Andover Real Estate

This is a distressed-leaning corner of New Hampshire: Andover has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Andover is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state investors should be especially careful with the assumptions they carry in.

Market conditions in Andover are muted. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

The 0% renter share in Andover masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Concord, NH

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$481,792
Avg Monthly Rent
$1,683
1% Rule
✗ Below
Landlord Friendly (NH)

📉 Market Crash Risk Index

Based on Concord, NH metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
36%
Days Pending
0/2
34 days

View all metro crash risk rankings →

⚖️ Balanced Market — Concord, NH metro
34
Days to pending
10.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Andover, NH

Screen every ZIP in Andover

Filter Andover’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Andover, NH

Are rents high in Andover, NH?

Rental rates in Andover, NH average $1,683/mo. Tenant demand and $482K home values make the yield look reasonable by investor standards.

Do landlords face vacancy issues in Andover, NH?

Andover, NH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

Is Andover in NH worth investing in?

Andover, NH rates 3.0/5 for investability. With median values at $482K and rents near $1,683/mo, the market offers reasonable fundamentals for rental investors.

What investment strategy works best in Andover, NH?

Investors usually favor careful cash-flow rentals with hands-on management in Andover, NH. With home values at $482K and rents near $1,683/mo, other strategies can work but produce predictable rather than outsized returns.

Is housing expensive in Andover, NH?

Typical homes in Andover, NH go for around $482K. The 5-year CAGR of 0.0% measured price movement.

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