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City · 33,035 residents · Anoka County, Minnesota

Andover , Minnesota

In Andover, a typical home is worth $410,200 and typical rent is $2,037 a month. Compared with all of Anoka County, typical rent is 39% higher, typical household income is 35% higher, and the share of households that own their home is 14 points higher.

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  • Typical home value

    $410,200

    18% above the county

    25% above Minnesota

    • Andover
    • Anoka
    • Minnesota

  • Typical rent

    $2,037a month

    39% above the county

    59% above Minnesota

    • Andover
    • Anoka
    • Minnesota

  • Typical household income

    $137,593a year

    35% above the county

    54% above Minnesota

    • Andover
    • Anoka
    • Minnesota

  • Households that own their home

    94%

    14 points above the county

    22 points above Minnesota

    • Andover
    • Anoka
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$445,687
1.6% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Andover is in Anoka County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Anoka County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Andover apart

What this place has that others do not, from public data, most unusual first.

  1. Andover has the 6th highest homeownership rate of the 152 cities in Minnesota with more than 5,000 people (94%).

  2. Nearby, in Anoka, the typical rent is $1,269: 38% less than in Andover ($2,037).

  3. Andover has the 7th highest typical rent of the 148 cities in Minnesota with more than 5,000 people ($2,037).

  4. The typical household income in Andover is $137,593, 35% more than in Anoka County as a whole ($101,869).

  5. Nearby, in Coon Rapids, the typical home value is $305,800: 25% less than in Andover ($410,200).

  6. The typical home in Andover is worth $410,200, 18% more than in Anoka County as a whole ($346,500).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Andover

What homes there are in Andover, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 92% of homes here, against 70% in Anoka County.

Year built

The typical home in Andover was built in 1994, 8 years after the typical one in Anoka County.

Homes in Andover are bigger: 90% have 3 bedrooms or more; in Anoka County, 71%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,231 a month

Anoka County: $1,949 a month

Without a mortgage

$722 a month

Anoka County: $686 a month

Owners with a mortgage

71%

Anoka County: 69%

Owning costs more in Andover: with a mortgage, the typical cost is $2,231 a month; in Anoka County, $1,949. Without one, $722.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Andover rose 42% since 2015–2019, less than in Anoka County (49%).

Rents in Andover rose more slowly than in Anoka County: 23% since 2015–2019, against 31%.

The typical household income in Andover rose 25% over that time; home values changed +42% and rent +23%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAndoverAnoka CountyMinnesotaUnited States
Rental vacancy Unreliable estimate3.9%5.3%5.5%
Homeowner vacancy Unreliable estimate0.5%0.6%0.9%
More than one person per room Unreliable estimate2.8%2.3%3.4%
People per household 3.002.672.432.53
Drive alone 73%73%69%69%
Carpool 5%7%8%9%
Public transit Unreliable estimate1%2%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 21%17%18%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 3.00 on average, against 2.67 in Anoka County.

Working from home is more common in Andover: 21%, against 17% in Anoka County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Andover?

A typical home is tight for the typical income

We start with a typical home in Andover, worth $410,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Andover, which is $137,593 a year. For that payment to be 28% of income, a household would need to earn about $145,075 a year.

The calculator's FHA and conventional loan limits are those of all of Anoka County.

Your numbers

Local data
$

Starts at the typical home value in Andover. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,357 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,385

at 7.18% · 30 years

Loan amount
$402,770
Total interest
$579,492
Paid off in
November 2056

Includes $6,927 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,211 a month

  • Tight

    $3,211 to $4,128 a month

    Your payment · 30%

  • Hard

    more than $4,128 a month

Compared with the typical household income in Andover ($137,593 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,385
Principal & interest$2,729
Property tax$304
Home insurance$171
FHA mortgage insurance (MIP)$181

You need at least $14,357 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Andover and Anoka County

Andover is in Anoka County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Andover's own numbers

Typical home value
$410,200
Typical monthly rent
$2,037
Typical yearly household income
$137,593
Households that own their home
94%
Effective property tax rate
0.89%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Anoka County

FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
1.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Anoka County.

Everything about Anoka County

Buying

Buying a home in Andover

A typical home in Andover is worth $410,200: 18% above the county and 25% above Minnesota. With the typical household income in Andover ($137,593 a year), a typical home costs 3.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Andover 3.0 years
  • Anoka 3.4 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Anoka County

According to FHFA’s house price index, home prices in Anoka County rose 78% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Anoka County.

Period County Minnesota U.S.
Last year (2025) +2.4% +2.8% +2.9%
5 years (2020–2025) +36% +37% +47%
10 years (2015–2025) +78% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Andover next to Anoka County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Andover $410,200
  • Anoka $346,500
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Andover $2,037
  • Anoka $1,464
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Andover $137,593
  • Anoka $101,869
  • Minnesota $89,062
  • United States $80,734
See the full table
Andover next to Anoka County and Minnesota
Measure Andover Anoka County Minnesota U.S.
Typical home value $410,200 $346,500 $329,300 $332,700
Typical monthly rent $2,037 $1,464 $1,280 $1,413
Typical yearly household income $137,593 $101,869 $89,062 $80,734
Households that own their home 94% 80% 72% 65%
Typical yearly property tax $3,632 $3,271 $3,357 $3,119
Effective property tax rate 0.89% 0.94% 1.02% 0.94%
Renters with high rent for their income 56% 51% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Anoka County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Andover

For a typical $410,200 home in Andover, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Andover's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,385a month

    Least cash to close
    Down payment
    $14,357
    Cash to close
    $26,663
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $181

  • Conventional, 5% down $3,310a month

    Down payment
    $20,510
    Cash to close
    $32,816
    Rate
    7.18%
    Mortgage insurance
    PMI · $195

  • Conventional, 20% down, no PMI $2,698a month

    Down payment
    $82,040
    Cash to close
    $94,346
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,077a month

    Down payment
    $61,530
    Cash to close
    $73,836
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Andover and for Anoka County.

Property tax

Effective rate in Andover

0.89%of the home’s value each year

$3,632 a year for the typical owner in Andover.

  • Andover 0.89%
  • Anoka 0.94%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Anoka County

FEMA does not publish these numbers by city: they are for all of Anoka County.

Homes in the high-risk zone
1.5%
1,891
Of those, with NFIP insurance
7.4%
County Minnesota U.S.
Homes in the high-risk zone 1.5% 0.7% 3.5%
Of those, with NFIP insurance 7.4% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Andover

Typical rent in Andover is $2,037 a month: 39% above the county. In Andover, 56% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Anoka County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.

HUD fair market rent for all of Anoka County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,265 $24.33 $50,600
1 bedroom $1,427 $27.44 $57,080
2 bedrooms $1,734 $33.35 $69,360
3 bedrooms $2,264 $43.54 $90,560
4 bedrooms $2,538 $48.81 $101,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Andover

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Andover is in ZIP code 55304.

For 2 bedrooms it is $2,000: $266 more than the fair market rent for Anoka County ($1,734).

  • 55304 $2,000$2,610

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Andover when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Andover

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Anoka County; none says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Andover

No down payment, repair or rent-help program on our list is for Andover or Anoka County. The ones below are statewide in Minnesota: they work in Andover the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Andover

The HUD-approved agencies closest to the center of Andover, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Anoka County Community Action Program, Inc

    1201 89th Ave NE Ste 345, Blaine · 10 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    763-783-4747x4851

  • Community Action Partnership of Hennepin County

    7101 Northland Cir N, Brooklyn Park · 12 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (952) 697-1303

  • NSC (naca Counseling Subsidiary) - Minneapolis, MN

    6300 Shingle Creek Pkwy Ste 145, Brooklyn Center · 13 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (763) 656-6222

Every agency in Anoka County All counseling agencies in Minnesota

Help in Spanish near Andover

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Andover

HUD lists no housing authority with an office in Anoka County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Minnesota Source: HUD

Cities

Other cities in Anoka County

These cities are also in Anoka County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Anoka County Housing in Minnesota

Nearby cities

The cities closest to Andover, with the typical home value.

Neighboring counties

If Anoka County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Andover.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Andover

Short answers with the numbers for Andover and all of Anoka County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Andover?

The typical home value in Andover is $410,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Anoka County it is $346,500.

How much does it cost to rent in Andover?

Typical rent in Andover is $2,037 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Anoka County is $1,734.

What is the FHA loan limit in Andover?

Andover uses the FHA limit for all of Anoka County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.

How much property tax do owners pay in Andover?

The typical homeowner in Andover pays $3,632 a year, according to the U.S. Census Bureau. That is 0.89% of the home’s value; in Anoka County, the rate is 0.94%.

Where can I find free help to buy or rent in Andover?

There is 1 HUD-approved counseling agency with an office in Anoka County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).