HomeMinnesotaAnoka CountyAndover city
Andover city, Minnesota: commercial real estate data.
Andover city is a Census city of 33,035 people across 33.87 square miles of land, in Anoka County. Median household income is $137,593, 94.1 percent of occupied homes are owned, and the SBA record carries 84 7(a) approvals to borrowers here worth $27.1 m.
77 sourced place values · tier FULL · 8 sections
Andover
What Andover is
- Census place typecity
- Land area33.87 sq mi
- Water area0.96 sq mi
- Population per square mile of land975
- County holding the largest share of its areaAnoka 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
- Population33,035
- Median age39.6
- Population under 188,541
- Share under 1825.9 percent
- Population 65 and over5,090
- Share 65 and over15.4 percent
- Households10,970
- Family households9,292
- Share of households that are families84.7 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$137,593
- Per capita income$53,379
- Civilian labor force18,440
- Employed17,917
- Unemployed523 plus or minus 164
- Unemployment rate2.8 percent plus or minus 0.9
- Adults 25 and over22,029
- Adults 25 and over with a high school diploma or higher96.2 percent
- Adults 25 and over with a bachelor degree or higher38.2 percent
- Adults 25 and over with a graduate degree10.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
Housing in Andover
- Housing units11,157
- Occupied units10,970
- Vacant units187 plus or minus 110
- Vacancy rate1.7 percent plus or minus 1.0
- Owner occupied10,324
- Renter occupied646 plus or minus 159
- Ownership rate94.1 percent
- Median owner-occupied home value$410,200
- Median gross rent, monthly$2,037
- Annual rent as a share of median income17.8 percent
- Single family units10,805
- Share single family96.8 percent
- Units in buildings of two or more329 plus or minus 100
- Share in buildings of two or more2.9 percent plus or minus 0.9
- Mobile homes23 plus or minus 26
- Median year structure built1994
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 commute13,933
- Commuting under 15 minutes3,099
- Share commuting under 15 minutes22.2 percent
- Commuting 30 minutes or more5,411
- Share commuting 30 minutes or more38.8 percent
- Drove alone72.8 percent
- Carpooled5.0 percent plus or minus 1.2
- Public transport0.3 percent plus or minus 0.2
- Walked0.4 percent plus or minus 0.3
- Worked from home20.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
SBA 7(a) lending to Andover borrowers
- Approvals84
- Gross approval$27,110,600
- Average approval$322,745
- Median approval$192,000
- Ninetieth percentile approval$500,000
- Largest approval$3,593,000
- Jobs supported847
- Jobs per approval10.1
- Loans with a final outcome31
- Paid in full31
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more6.0 percent
- Share to franchises8.3 percent
- Distinct lenders24
- Distinct industries by NAICS49
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
- Approvals16
- Gross approval$8,215,000
- Average approval$513,438
- Median approval$363,000
- Largest approval$1,430,000
- Jobs supported198
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Anoka County, not Andover
Anoka County context, not Andover figures
These are Anoka 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 Anoka County8,438
- Employment at those establishments, Anoka County123,486
- Covered employment, Anoka County133,130
- Average annual pay, Anoka County$65,235
- Average weekly wage, Anoka County$1,255
- Housing units permitted, Anoka County1,062
- Of those, single family, Anoka County898
- County product, 2024, Anoka County$20,602,517,000
- County product change over the prior year, Anoka County4.5 percent
- Average income of an arriving household, Anoka County$63,023
Every figure in this section is published for Anoka 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, Minnesota?
33,035, in 10,970 households. Andover city covers 33.87 square miles of land, which is 975 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?
Anoka 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?
$137,593. The median owner-occupied home is valued at $410,200. Median gross rent is $2,037 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?
84 7(a) approvals totalling $27.1 m, across 24 lenders, median approval $192,000, plus 16 504 approvals worth $8.2 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 31 loans that have reached a final outcome, 31 were paid in full and 0 charged off, a charge off rate of 0.0 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 Anoka 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.