Market Overview
Home Prices in Andover, NJ
The median home value in Andover, NJ is $574,556 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Andover are priced40% above average. Andover is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Price History
Andover Home Price Trend
2024
$517,342
$517K
—
2025
$545,863
$546K
+5.5%
2026
$574,556
$575K
+5.3%
City Comparison
Andover vs. National Median
🏠 Andover
$574,556
National Median
$410,000
At $574,556, homes in Andover cost 40% above the national median of $410,000. Buyers in Andover should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Andover?
20% Down Payment
$114,911
on $574,556
Monthly P&I
$2,997/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,806/mo
incl. taxes & insurance
Income Needed
$152,240
gross annual (30% rule)
10% Down Option
$57,456
+ PMI applies
Loan Amount (20% dn)
$459,645
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Andover, NJ?
The median home value in Andover is $574,556 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Andover?
Over the past year, home values in Andover have increased by 5.3%.
How much do I need to earn to buy a home in Andover?
To comfortably afford the median home price of $574,556 with a 20% down payment ($114,911) at today's rates (6.8%), you'd need a gross annual income of approximately $152,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Andover compare to the national average home price?
The national median home value is approximately $410,000. At $574,556, homes in Andover are 40% above the national average.
What metro area is Andover part of?
Andover is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.