Andover, Minnesota is a moderately-sized city with a population of 31,906 people. At 91%, the majority of the Andover population is White; this is followed by 3% Asian and 2% Black. 85% of the people in Andover (over the age of 15) are married and 52% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
Living in Andover can be a positive experience for anyone moving to the area. Having said that, in the state of Minnesota, there are many incredible places to live, so choose wisely! To help you find the best places to live in and around Andover, AreaVibes has created a livability score using key metrics like amenities, weather, employment and more.
With a livability score of 79 out of 100, Andover is ranked #2,313 in the United States and #29 in Minnesota. Based on this score, Andover would be considered a very livable city! The cherry on top is that Andover also ranks in the top 10 percent of all cities. For each of the livability categories, we know that Andover ranks very well for amenities (A), crime (B+), education (A+), employment (B+) and housing (B+). There are some categories that Andover does not rank well for, including: cost of living (F) and weather (F). It might be worth taking a closer look to figure out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Andover on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Andover have a test score average of 75%, which is well above the US average.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Andover has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Andover is actually affordable. The median home price for Andover homes is $241,800, which is 26.3% higher than the Minnesota average. If we take a closer look at the affordability of homes in Andover, we’ll see that the home price to income ratio is 2.4, which is 20% lower than the Minnesota average. Real estate appreciation rates in Andover are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Andover homes comes in at 6%, and the 5 year appreciation rates were 6.7%.