Multi-family Foreclosures in Andover, MN 55304

Current Market Conditions in Andover, MN

The Andover real estate market remains robust, with steady demand for single-family homes. The area has seen a rise in new construction, catering to the influx of families moving into the community. The combination of affordable housing options and excellent school districts continues to attract buyers, resulting in competitive bidding situations in many neighborhoods.

Homes in Andover are typically appreciating in value, driven by the low inventory levels and high demand. The market is favorable for sellers, with many homes receiving multiple offers shortly after listing.

Rent Prices In Andover, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Andover, MN, is on a rollercoaster ride. The average rent price in Andover, MN, is $1,922.00. Indeed, when looking to rent in Andover, MN, you can expect to pay as little as $940.00 or as much as $4,450.00, with the average rent median estimated to be $1,900.00. The good news is that finding an affordable and desirable property to rent in Andover, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.