Home Values

Andover Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$237,300

  • 1.4% 1-year change
  • 1.9% 1-year forecast

The median home value in Andover is $237,300. Andover home values have gone up 1.4% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Andover is None. The median rent price in Andover is $1,495, which is higher than the Minneapolis-St Paul Metro median of $1,310.

Foreclosures will be a factor impacting home values in the next several years. In Andover 5.6 homes are foreclosed (per 10,000). This is greater than the Minneapolis-St Paul Metro value of 3.8 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Andover is 3.1%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Andover homeowners underwater on their mortgage is 12.1%, which is lower than Minneapolis-St Paul Metro at 15.5%.

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Relative ZHVI
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Andover Market Overview

Data through Apr 30, 2015
  • $237,300 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $242,970 Median sale price
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Andover Market Health

Data through Apr 30, 2015
  • 8.0/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 12.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

5.6 homes Andover
3.8 homes Minneapolis-St Paul Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Ham Lake $236,100
Oak Grove $209,200
Ramsey $181,900
Name Median ZHVI
Champlin $181,400
Blaine $175,100
Brooklyn Park $165,600
Name Median ZHVI
Coon Rapids $152,100
Saint Francis $149,200
Anoka $148,100

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $167 Median sale price / sq ft
  • No data Listings with price cut
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Andover Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,582 Andover
    $1,513 Minneapolis-St Paul Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,495 Rent list price
  • $0.96 Rent list price / sq ft
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