Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 15,814, 5,113 total housing units (homes and apartments), and a median house value of $417,817, Andover real estate is some of the most expensive in Kansas, although Andover home values aren't among America's most expensive.
Andover is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Andover than is found in 98% of the communities in America.
The large homes that make up Andover are primarily owner-occupied ( 80.03%).
Andover homes and real estate are some of the newest in America. 52.08% of Andover's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Andover real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.86%), and between 1940-1969 ( 8.49%). There's also some housing in Andover built before 1939 ( 1.57%).
Appreciation rates for homes in Andover have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.84%, which ranks in the top 40% nationwide. This equates to an annual average Andover house appreciation rate of 7.49%.
NeighborhoodScout's data show that during the latest twelve months, Andover's appreciation rate, at 7.41%, has been at or slightly above the national average. In the latest quarter, Andover's appreciation rate has been 1.18%, which annualizes to a rate of 4.79%.
Relative to Kansas, our data show that Andover's latest annual appreciation rate is lower than 90% of the other cities and towns in Kansas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Andover differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Andover - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Andover real estate investment or home purchase decisions.
$417,817
for Kansas
for nation
5,113
$1,824 / per month