There are currently 8,992 real estate properties in North Andover, MA, with a median automated valuation model (AVM) price of $744,065.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in North Andover, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in North Andover, MA, is $769,093.00, with the most expensive house in North Andover, MA, topping out at $15,266,500.00 and the cheapest home in North Andover, MA, clocking in at $32,085.00. In other words, there’s something for every potential homebuyer or savvy investor in North Andover, MA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in North Andover, MA, is on a rollercoaster ride. The average rent price in North Andover, MA, is $2,525.00. Indeed, when looking to rent in North Andover, MA, you can expect to pay as little as $1,240.00 or as much as $4,520.00, with the average rent median estimated to be $2,440.00. The good news is that finding an affordable and desirable property to rent in North Andover, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
North Andover is located in Essex, Massachusetts, with an estimated municipal population of 30,842 residents. All of the best foreclosed homes for sale in North Andover are located in the following zip code areas on Foreclosure.com: 01845. The estimated population per square kilometer (.62 miles) in North Andover is 453.
So, about how much do homes cost in North Andover? The most recent median value of resident-owned homes in North Andover is 505,391. An estimated 71.4 percent of households in North Andover own their homes, with an average family size of 3.19. The median household income in North Andover is 108,070, with53.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in North Andover, the median commute time of resident workers (in minutes) is 32.5. And last, but certainly not least, are you looking for homes to rent in North Andover? If so, the average rent price paid by renters in North Andover is 1,577, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to North Andover, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in North Andover is 38.9, split between 48 percent male versus 52 female. The percentage of residents who report being married in North Andover is 53.1, with an average family size of 3.19.
The percentage of residents who report their race in North Andover is as follows:
| White | 85.8% |
| Black / African American | 3.6% |
| Asian | 6.1% |
| American Indian / Alaskan Native | 0.1% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.3% |
| Other | 2.1% |
Looking for family-friendly neighborhoods in and/or near North Andover? Or maybe you are searching for 55+ active adult communities in and/or near North Andover?
The percentage of residents who report their age in North Andover is as follows:
| Under 10 | 11.5% |
| Aged 10-19 | 16.6% |
| 20s | 11.9% |
| 30s | 11.7% |
| 40s | 12.3% |
| 50s | 14.7% |
| 60s | 10.6% |
| 70s | 5.6% |
| 80+ | 5.3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in North Andover with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in North Andover.
How do you know that living in -- or moving to -- North Andover is right where you need to be? Perhaps you grew up in North Andover or already live nearby; therefore, the decision to buy a home in North Andover is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to North Andover for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in North Andover:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like North Andover.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in North Andover can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in North Andover, meanwhile, can field multiple offers from more qualified buyers.
Millions of people receive foreclosure alerts daily, don't miss out.
Video for Foreclosure homes
