HomeNew JerseySussex CountyAndover
Andover, New Jersey: commercial real estate data.
Andover is a Census borough of 728 people across 1.35 square miles of land, in Sussex County. Median household income is $92,750, 56.1 percent of occupied homes are owned, and the SBA record carries 12 7(a) approvals to borrowers here worth $10.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Andover
What Andover is
- Census place typeborough
- Land area1.35 sq mi
- Water area0.02 sq mi
- Population per square mile of land540 plus or minus 161
- County holding the largest share of its areaSussex 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
- Population728 plus or minus 217
- Median age44.3
- Population under 18160 plus or minus 93
- Share under 1822.0 percent plus or minus 11.0
- Population 65 and over79 plus or minus 30
- Share 65 and over10.9 percent plus or minus 2.6
- Households271 plus or minus 67
- Family households211 plus or minus 63
- Share of households that are families77.9 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$92,750 plus or minus $36,320
- Per capita income$41,119
- Civilian labor force476 plus or minus 151
- Employed455 plus or minus 142
- Unemployed21 plus or minus 22
- Unemployment rate4.4 percent plus or minus 4.4
- Adults 25 and over489 plus or minus 127
- Adults 25 and over with a high school diploma or higher83.8 percent
- Adults 25 and over with a bachelor degree or higher42.9 percent plus or minus 15.4
- Adults 25 and over with a graduate degree10.4 percent plus or minus 6.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
Housing in Andover
- Housing units295 plus or minus 73
- Occupied units271 plus or minus 67
- Vacant units24 plus or minus 24
- Vacancy rate8.1 percent plus or minus 7.9
- Owner occupied152 plus or minus 50
- Renter occupied119 plus or minus 55
- Ownership rate56.1 percent plus or minus 12.2
- Median owner-occupied home value$400,000
- Median gross rent, monthly$1,597
- Annual rent as a share of median income20.7 percent plus or minus 8.5
- Single family units198 plus or minus 60
- Share single family67.1 percent
- Units in buildings of two or more97 plus or minus 46
- Share in buildings of two or more32.9 percent plus or minus 13.5
- Mobile homes0
- Median year structure built1954
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 commute382 plus or minus 122
- Commuting under 15 minutes56 plus or minus 27
- Share commuting under 15 minutes14.7 percent plus or minus 5.4
- Commuting 30 minutes or more223 plus or minus 81
- Share commuting 30 minutes or more58.4 percent
- Drove alone74.2 percent plus or minus 32.7
- Carpooled12.0 percent plus or minus 10.1
- Public transport0.0 percent
- Walked0.2 percent plus or minus 0.7
- Worked from home13.6 percent plus or minus 9.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Andover
SBA loans in Andover (7(a))
- Approvals12
- Gross approval$10,623,000
- Average approval$885,250
- Median approval$437,500
- Largest approval$3,874,000
- Jobs supported69
- Jobs per approval5.8
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term126 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises16.7 percent
- Distinct lenders8
- Distinct industries by NAICS10
Counted by borrower city: approvals to borrowers whose address is in Andover, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Andover
SBA loans in Andover (504)
- Approvals4
- Gross approval$4,274,000
- Average approval$1,068,500
- Median approval$1,080,500
- Largest approval$1,412,000
- Jobs supported59
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Andover, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Andover
Flood risk in Andover
- NFIP communityTownship of Andover
- NFIP community number340527
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/29/11
The Township of Andover participates in the National Flood Insurance Program as community 340527 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Sussex County, not Andover
Sussex County context, not Andover figures
- Establishments in Sussex County3,184
- Covered employment, Sussex County38,360
- Average annual pay, Sussex County$58,693
- Housing units permitted, Sussex County158
Every figure in this section is published for Sussex County as a whole and is not a measurement of Andover.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Andover questions, answered from the record.
How many people live in Andover, New Jersey?
728, in 271 households. Andover borough covers 1.35 square miles of land, which is 540 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?
Sussex 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?
$92,750. The median owner-occupied home is valued at $400,000. Median gross rent is $1,597 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?
12 7(a) approvals totaling $10.6 m since FY2020, across 8 lenders, median approval $437,500, plus 4 504 approvals worth $4.3 m since FY2010. 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?
No rate is published for Andover. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Andover in the National Flood Insurance Program?
Yes. Andover appears in the FEMA Community Status Book as Andover, township of, community 340527, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Andover figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Sussex 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?
No. Nothing on this page presents parcel level zoning.