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 15,628 people, 4,904 houses or apartments, and a median cost of homes of $427,767, 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 ( 79.64%).
Andover homes and real estate are some of the newest in America. 49.00% 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 ( 42.41%), and between 1940-1969 ( 7.11%). There's also some housing in Andover built before 1939 ( 1.48%).
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 101.10%, which ranks in the top 40% nationwide. This equates to an annual average Andover house appreciation rate of 7.24%.
Appreciation rates are so strong in Andover that despite a nationwide downturn in the housing market, Andover real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Andover appreciation rates continue to be some of the highest in America, at 14.82%, which is higher than appreciation rates in 97.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Andover. Andover appreciation rates in the latest quarter were at -0.13%, which equates to an annual appreciation rate of -0.54%.
Notably, Andover's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Kansas, our data show that Andover's latest annual appreciation rate is higher 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.
$427,767
for Kansas
for nation
4,904
$2,083 / per month