Andover, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Andover Neighborhoods Since 2000




Andover, OH 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 1,119, 449 total housing units (homes and apartments), and a median house value of $89,579, house prices in Andover are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Andover, accounting for 63.92% of the village's housing units. Other types of housing that are prevalent in Andover include duplexes, homes converted to apartments or other small apartment buildings ( 23.30%), large apartment complexes or high rise apartments ( 6.39%), and a few row houses and other attached homes ( 4.74%).

The most prevalent building size and type in Andover are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 44.02% owning and 55.98% renting.

The housing in Andover was primarily built before 1939 ( 50.93%), making the housing stock in Andover some of the oldest overall in America, although there is a range of ages of homes in Andover. The next most important housing age is between 1940-1969 ( 22.27%), followed by between 1970-1999 ( 20.82%). There's also some housing in Andover built between 2000 and later ( 5.98%).

Andover Home Appreciation Rates

Real estate appreciation rates in Andover's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.27% during the period.

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 1.17%, 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 -0.60%, which equates to an annual appreciation rate of -2.39%.

Notably, Andover's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Andover's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$89,579

Andover, OH HOME PRICES

Value Range
> $1,043,000 0.1
$783,001 - $1,043,000 0.0
$522,001 - $783,000 1.7
$417,001 - $522,000 0.4
$313,001 - $417,000 3.8
$209,001 - $313,000 8.8
$104,001 - $209,000 35.5
$52,001 - $104,000 32.3
$0 - $52,000 17.4

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
84.3021211766085 86.745406824147

Number Of Homes And Apartments:
449

Andover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
21.08% 1.12% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$561 / per month

Homeownership Rate

Homeownership
Owners 44.02
Renters 55.98
Vacant 7.42

Housing Market Details

 

Age of Homes

AGE OF Andover HOMES
2000 or Newer 6.0
1970 - 1999 20.8
1940 - 1969 22.3
1939 or Older 50.9

Types of Homes

TYPE OF Andover HOMES
Single-Family 63.9
Townhomes 4.7
Small Apt. Buildings 23.3
Apt. Complexes 6.4
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Andover HOMES
No Bedroom 0.82
1 Bedroom 17.11
2 Bedrooms 21.24
3 Bedrooms 45.15
4 Bedrooms 14.43
5 or more bedrooms 1.24