Andover, NJ
Full City Profile · New Jersey · Morris County County
4.3
/5.0
A
Great
716
Population
530/sq mi density
$78,750
Median Income
$40,985 per capita
$355,400
Home Value
$575,909 Zillow
$1,549
Median Rent
33.2% income on rent
51°F
Avg Temperature
A
Overall
4.3 / 5.0
Strong
A
Economy
4.4 / 5.0
$78,750 median income, 3.3% unemployment
A
Affordability
4.1 / 5.0
$355,400 home value, $1,549/mo rent
A+
Education
4.5 / 5.0
43.9% bachelor's degree or higher
Housing Overview
Median Home Value
$355,400
26% above
US avg: $281,900
Median Rent
$1,549/mo
33% above
US avg: $1,163/mo
Homeownership Rate
60.2%
8% below US avg (65.4%)
Total Housing Units
309
Median year built: 1954
Home Value by Source
Census Median
$355,400
Zillow (ZHVI)
$575,909
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.2%
Owner-Occupied
39.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,549/mo
Affordability & Housing Stock
Rent Burden
33.2%
of renters spending 30%+ of income on housing
7% above US avg (31.0%)
Median Year Built
1954
Average age of housing stock: 72 years
Homeownership Rate
60.2%
Complete Housing Data
Home Values
| Census Median Value | $355,400 |
| Zillow Home Value (ZHVI) | $575,909 |
Rent
| Census Median Rent | $1,549 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
Ownership & Stock
| Owner-Occupied | 60.2% |
| Renter-Occupied | 39.8% |
| Homeownership Rate | 60.2% |
| Total Housing Units | 309 |
| Median Year Built | 1954 |
| Rent Burden | 33.2% |