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Andover CDP, MA

ZIP 01845 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01845

Median Home Value
$670,000
Median Rent
$2,006
Affordability Snapshot
$184,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,304/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 01845 in Andover CDP, MA, a household would need roughly $184,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,304. That is about 37% above the local median household income ($134,319), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.9%+7% vs US avg
x
Vacancy Rate
4.1%-60% vs US avg
x
Broadband Access
94.6%+9% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
3.4%-74% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
25.3%-49% vs US avg
x
Mortgage-Free
31.5%-17% vs US avg
x
$670,000
Home Value
$2,006
Rent
1978
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached55.1%
  • 1-unit attached9.7%
  • 2-9 units17.3%
  • 10+ units17.8%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$670,000
Median rent$2,006
Owner-occupied69.9%
Vacant4.1%
Price-to-income5.0x
Est. income to buy$184,000