Andover, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Andover Neighborhoods Since 2000




Andover, KS Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Andover Housing Market Information

With a population of 12,745, 4,344 total housing units (homes and apartments), and a median house value of $175,108, 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.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Andover. Owner-occupied housing accounts for 78.81% of Andover's homes, and 57.90% have either three or four bedrooms, which is average sized relative to America.

Andover homes and real estate are some of the newest in America. 45.33% 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 ( 43.29%), and between 1940-1969 ( 9.69%). There's also some housing in Andover built before 1939 ( 1.69%).

Andover Home Appreciation Rates

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 13.59%, which ranks in the top 30% nationwide. This equates to an annual average Andover house appreciation rate of 1.28%.

Over the last year, Andover appreciation rates have trailed the rest of the nation. In the last twelve months, Andover's appreciation rate has been -0.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Andover were at -2.05%, which equates to an annual appreciation rate of -7.96%.

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 lower than 90% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$175,108

Andover, KS HOME PRICES

Value Range
> $1,075,000 0.1
$807,001 - $1,075,000 0.0
$538,001 - $807,000 2.1
$430,001 - $538,000 1.7
$323,001 - $430,000 5.4
$215,001 - $323,000 23.8
$107,001 - $215,000 50.8
$54,001 - $107,000 9.7
$0 - $54,000 6.5

Very High for KS
High for Nation

Value Relative to Nation Value Relative to State
39.8921832884097 14.1843971631206

Number Of Homes And Apartments:
4,344

Andover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
29.41% 1.51% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,166 / per month

Homeownership Rate

Homeownership
Owners 78.81
Renters 21.19
Vacant 6.01

Housing Market Details

 

Age of Homes

AGE OF Andover HOMES
2000 or Newer 45.3
1970 - 1999 43.3
1940 - 1969 9.7
1939 or Older 1.7

Types of Homes

TYPE OF Andover HOMES
Single-Family 76.9
Townhomes 3.2
Small Apt. Buildings 4.8
Apt. Complexes 11.3
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Andover HOMES
No Bedroom 4.48
1 Bedroom 6.21
2 Bedrooms 11.42
3 Bedrooms 27.07
4 Bedrooms 30.83
5 or more bedrooms 19.99

Popular Neighborhoods in Andover

Zip Codes in Andover, KS