Real Estate Investing in Andover, Massachusetts (01810)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01810 (Andover, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 29.1 — hard to cash-flow at these prices.
What’s happening in Andover, MA (01810)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01810 Andover
In practical terms, ZIP 01810 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.0M median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 01810 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 01810 offers a low basis, the region around Andover has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 01810 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Andover:
Property Strategy for 01810
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $317,432 | $2,240 | 5.1% | +6.3% | $317,432 |
| 2BR | $516,438 | $2,940 | 4.1% | +6.1% | $258,219 |
| 3BR | $855,835 | $3,530 | 3.0% | +8.0% | $285,278 |
| 4BR | $1,135,194 | $3,890 | 2.5% | +8.8% | $283,799 |
| 5BR | $1,455,225 | — | — | +9.3% | $291,045 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01810 Compare?
| Metric | 01810 | Andover | Massachusetts |
|---|---|---|---|
| Home Value | $1,009,566 | $1,009,566 | $645,115 |
| 5-Year CAGR | 6.2% | 6.2% | 7.0% |
| Avg Rent | $2,891 | $2,891 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01810 (Andover, MA). Anonymous, moderated, never written by AI.
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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
CNR Property Management provides expert property management and maintenance solutions. summary from their website
This domain is for sale for $2,295 or monthly payments. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,009,566 |
| Monthly Rent | $2,891 |
| Price-to-Rent | 29.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01810
Population: 35,608
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 01810
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,195 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Andover, MA?
Homes in Andover, MA typically sell near $1.0M. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Is rental property easy to operate in Andover, MA?
Landlord-friendliness in Andover, MA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is house hacking profitable in Andover, MA?
House hacking works a tougher in Andover, MA. Rents of $2,891/mo against $1.0M acquisition make the strategy solid for owner-occupants.
What is the typical rental rate in Andover, MA?
Investors in Andover, MA typically see rents near $2,891/mo per month against $1.0M home values - a solid setup for rental cash flow.
What is the renter demographic in Andover, MA?
Andover, MA offers a stable renter base at the $2,891/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 01810 now. You don’t know where it ranks.
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How 01810 ranks in Boston-Cambridge-Newton, MA-NH
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