The housing market in Andover, NY is very competitive and attractive. According to the latest data, the median value of a home in Andover is $93,500; this number is much lower than the US House Median Value of $338,100. Despite this difference, home appreciation in Andover has been very strong over the past year with an appreciation rate of 7.27%, slightly lower than the national average of 8.27%. This shows that Andover remains an affordable area for prospective homeowners despite its proximity to larger cities and urban areas.
The median home cost in Andover is $93,500. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Andover is up 12.7%.
Average Age of Homes
- The median age of Andover real estate is 64 years old
The Rental Market in Andover
- Renters make up 20.9% of the Andover population
- 2.0% 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.