Rental market snapshot for Andover, Massachusetts

Andover, Massachusetts Rental Property Market Overview

The average rent for an apartment in Andover is $2,113. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -11.8% over the past year.

Andover is a town in Essex County, Massachusetts, United States. It is part of the Boston metropolitan area. The population was 33,201 at the 2010 census. It is home to Phillips Academy, a coeducational independent school, and Merrimack College, a small Catholic college.

Last Updated December 23, 2022

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Average monthly rent graph in Andover Massachusetts | Cost of Living

  • The most expensive ZIP Code in Andover is 01810 with an average price of $2,419
  • The cheapest ZIP Code in Andover is 01810 with an average price of $2,000

Andover ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
101810$2,419

Live near Andover, Massachusetts's Top Sights and Attractions

Heffron R O W is a historic district in Andover, Massachusetts. The district includes a number of 18th and 19th century buildings, including the Andover Inn.

Pomps Pond Park is a beautiful park located in Andover, Massachusetts. The park is home to a variety of different species of birds, including ducks, geese, and swans. The park also features a pond where visitors can go fishing.

Andover Common is a beautiful park located in the center of Andover, Massachusetts. The park is home to a variety of trees, flowers, and shrubs, as well as a pond and a fountain. Visitors to the park can enjoy a variety of activities, including picnicking, fishing, and playing on the playground.

The Shawsheen River is a beautiful river that flows through the city of Andover, Massachusetts. The river is home to many different species of fish, including trout, bass, and catfish. The river is also a popular spot for kayaking, canoeing, and fishing.

Ward Reservation is a nature preserve with miles of hiking trails, a scenic pond, and an observation tower with views of the Boston skyline.

The Sacred Heart is a beautiful church located in Andover, Massachusetts. The church is known for its stunning architecture and stunning stained glass windows. The church is also home to a number of important historical artifacts, including a piece of the True Cross and a relic of Saint Francis Xavier.

The Andover Historical Society Museum is a small museum located in Andover, Massachusetts. The museum is housed in a historic building that was once a schoolhouse. The museum features exhibits on the history of Andover, Massachusetts and the surrounding area.

Belmont Park Conservation Area is a large park with many trees and a pond. There are walking trails and a playground.

Andover, Massachusetts area median rent change by ZIP Code map

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How does Andover compare to other cities in Massachusetts ?

citymedian price
Lynnfield$3,045
Ashland$2,285
Winchester$2,650
Randolph$2,213
Salem$2,500
Cambridge$3,001
Milford$2,185
Hudson$2,285
Northampton$2,295
Brockton$1,600

Average household income in Andover area graph - US Census

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The median household income in Andover in 2021 was $113,684. This represents a 56.9% change from 2011 when the median was $72,440.

#categorypercent
0Less than $10,0003.6%
1$10,000 to $14,9995.6%
2$15,000 to $19,9991.7%
3$20,000 to $24,9993.8%
4$25,000 to $29,9993.0%
5$30,000 to $34,9992.9%
6$35,000 to $39,9992.2%
7$40,000 to $44,9992.2%
8$45,000 to $49,9990.6%
9$50,000 to $59,9994.1%
10$60,000 to $74,99910.0%
11$75,000 to $99,9996.6%
12$100,000 to $124,9996.4%
13$125,000 to $149,9994.0%
14$150,000 to $199,99915.0%
15$200,000 or more28.3%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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