HomeMassachusettsEssex CountyAndover CDP
Andover CDP, Massachusetts: commercial real estate data.
Andover CDP is a Census CDP of 9,451 people across 3.69 square miles of land, in Essex County. Median household income is $126,563, 66.1 percent of occupied homes are owned, and the SBA record carries 59 7(a) approvals to borrowers here worth $14.1 m.
77 sourced place values · tier FULL · 8 sections
Andover
What Andover is
- Census place typeCDP
- Land area3.69 sq mi
- Water area0.08 sq mi
- Population per square mile of land2,563
- County holding the largest share of its areaEssex County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
How many people live in Andover
- Population9,451
- Median age42.7
- Population under 181,596
- Share under 1816.9 percent
- Population 65 and over1,732
- Share 65 and over18.3 percent
- Households3,467
- Family households2,291
- Share of households that are families66.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
Income and work in Andover
- Median household income$126,563
- Per capita income$70,489
- Civilian labor force5,365
- Employed4,876
- Unemployed489 plus or minus 313
- Unemployment rate9.1 percent plus or minus 5.7
- Adults 25 and over6,046
- Adults 25 and over with a high school diploma or higher94.0 percent
- Adults 25 and over with a bachelor degree or higher68.1 percent
- Adults 25 and over with a graduate degree39.7 percent plus or minus 8.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
Housing in Andover
- Housing units3,858
- Occupied units3,467
- Vacant units391 plus or minus 189
- Vacancy rate10.1 percent plus or minus 4.8
- Owner occupied2,290
- Renter occupied1,177
- Ownership rate66.1 percent
- Median owner-occupied home value$726,100
- Median gross rent, monthly$1,759
- Annual rent as a share of median income16.7 percent
- Single family units2,268
- Share single family58.8 percent
- Units in buildings of two or more1,590
- Share in buildings of two or more41.2 percent
- Mobile homes0
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
How Andover gets to work
- Workers 16 and over who commute3,477
- Commuting under 15 minutes1,380 plus or minus 285
- Share commuting under 15 minutes39.7 percent
- Commuting 30 minutes or more1,179 plus or minus 301
- Share commuting 30 minutes or more33.9 percent plus or minus 7.2
- Drove alone56.3 percent
- Carpooled3.9 percent plus or minus 1.8
- Public transport3.0 percent plus or minus 1.9
- Walked8.6 percent plus or minus 3.3
- Worked from home26.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
SBA 7(a) lending to Andover borrowers
- Approvals59
- Gross approval$14,095,000
- Average approval$238,898
- Median approval$150,000
- Ninetieth percentile approval$598,100
- Largest approval$1,680,000
- Jobs supported476
- Jobs per approval8.1
- Loans with a final outcome14
- Paid in full13
- Charged off1
- Charge-off rate over resolved loans7.1 percent
- Median term120 months
- Share on real estate terms of 20 years or more3.4 percent
- Share to franchises13.6 percent
- Distinct lenders24
- Distinct industries by NAICS45
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Andover
SBA 504 lending to Andover borrowers
- Approvals15
- Gross approval$8,858,000
- Average approval$590,533
- Median approval$269,000
- Largest approval$3,403,000
- Jobs supported128
- Loans with a final outcome5
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Essex County, not Andover
Essex County context, not Andover figures
These are Essex County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Andover measurements.
- Establishments in Essex County19,988
- Employment at those establishments, Essex County287,960
- Covered employment, Essex County323,694
- Average annual pay, Essex County$75,548
- Average weekly wage, Essex County$1,453
- Housing units permitted, Essex County1,011
- Of those, single family, Essex County393
- County product, 2024, Essex County$60,732,738,000
- County product change over the prior year, Essex County4.3 percent
- Average income of an arriving household, Essex County$106,455
Every figure in this section is published for Essex County as a whole and is not a measurement of Andover. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Andover questions, answered from the record.
How many people live in Andover, Massachusetts?
9,451, in 3,467 households. Andover CDP covers 3.69 square miles of land, which is 2,563 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Andover in?
Essex County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Andover?
$126,563. The median owner-occupied home is valued at $726,100. Median gross rent is $1,759 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Andover businesses?
59 7(a) approvals totalling $14.1 m, across 24 lenders, median approval $150,000, plus 15 504 approvals worth $8.9 m. These count approvals to borrowers whose address is in Andover, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Andover borrowers get paid back?
Of the 14 loans that have reached a final outcome, 13 were paid in full and 1 charged off, a charge off rate of 7.1 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Andover figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Essex County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Andover.
Is zoning published for Andover?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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