Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Andover borough, New Jersey?
City · Census ACS 5-Year estimates
The median gross rent in Andover borough, New Jersey is $1,597/month (±$213), based on Census ACS 5-Year estimates (2024). The median home value is $400,000 (±$77,190), and the median household income is $92,750/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Andover borough, New Jersey
| Metric | Value |
|---|---|
| Median Gross Rent | $1,597 |
| Median Home Value | $400,000 |
| Median Household Income | $92,750 |
| Total Housing Units | 271 |
| Renter-Occupied Units | 119 |
| Renter-Occupied Share | 44% |
| Households Paying 50%+ Income | 7 households |
How does Andover borough, New Jersey compare?
Median gross rent ranked against all cities in New Jersey.
Higher rent than 32% of cities in New Jersey · 366th of 533
| # | City | Value |
|---|---|---|
| 1 | Rumson borough | $3,501 |
| 1 | Brookside CDP | $3,501 |
| 1 | Mendham borough | $3,501 |
| … 362 more … | ||
| 366 | Andover borough(you are here) | $1,597 |
| … 164 more … | ||
| 531 | Cedar Glen West CDP | $740 |
| 532 | Lincroft CDP | $685 |
| 533 | Basking Ridge CDP | $546 |
More data for Andover borough, New Jersey
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Frequently asked questions
What is the average rent in Andover borough, New Jersey?
The median gross rent in Andover borough, New Jersey is $1,597/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Andover borough, New Jersey?
The median rent for a 2-bedroom in Andover borough, New Jersey is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Andover borough, New Jersey?
The median home value in Andover borough, New Jersey is $400,000 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Andover borough are rent-burdened?
In Andover borough, New Jersey, 7 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Andover borough, New Jersey?
The median household income in Andover borough, New Jersey is $92,750/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,597 has a margin of error of ±$213. In very small areas, MOEs can be large relative to the estimate.
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