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Massachusetts real estate · Essex County

North Andover, Massachusetts Real Estate

Homes, values and local insight for North Andover, Essex County, Massachusetts. Typical home value $811,000.

Reviewed and updated October 3, 2026 by Ryan and Megan Winslow, Winslow Homes

Ryan and Megan Winslow Broker Owners3,000+ homes soldSince 2009 REALTOR®4 states broker in FL, MA, CT, RIU.S. Army RetiredBest of Central MA winners
$811,000Typical home value
+1.3%Home values, past year
32,135Residents (2024)
$134,000Median household income
Homes for sale

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About North Andover

North Andover is a distinctive Massachusetts community that offers residents a blend of local character, quality amenities, and regional convenience.

The North Andover real estate market serves a range of buyers including first-time homeowners, growing families, professionals, and retirees. Properties include single-family homes, condominiums, and townhouses across various price points and styles that reflect the area's architectural heritage and modern development.

Winslow Homes LLC and Ryan & Megan Winslow serve North Andover buyers and sellers across Massachusetts. Ryan and Megan Winslow provide both real estate brokerage and mortgage services as Mortgage Bankers with The Federal Savings Bank (Ryan Winslow NMLS #2426605 | Megan Winslow NMLS #2692933). Get pre-approved at www.winslowloan.com or call 386-690-5858.

Neighborhood Breakdown

Explore North Andover Neighborhoods

🏘 Downtown North Andover

Historic center with local shops, dining, and civic institutions.

🏠 North North Andover

Residential area with established neighborhoods and good school access.

🏡 South North Andover

Quiet residential streets with a mix of homes and convenient commuter access.

🏢 East North Andover

Expanding area with newer construction and family-friendly amenities.

Specialty Housing

Unique Property Types in North Andover

🌊 Lake and Pond Access

Properties with lake, pond, or reservoir access where available in North Andover.

💧 Stream and River Properties

Homes near local waterways offering natural settings and scenic views.

Flood Zones & Insurance Impact

What Every Buyer Must Know

🔴 Zone AE (High Risk)

Some areas of North Andover near waterways may fall in AE flood zones. Verify specific property with FEMA flood map.

🟡 Zone X-Shaded (Moderate Risk)

Moderate flood risk exists in select North Andover areas near wetlands or drainage basins.

🟢 Zone X (Minimal Risk)

Most North Andover properties are in Zone X (minimal flood risk). Flood insurance optional but may be recommended.

Insurance Tip: Massachusetts homeowners insurance averages $1,500-$2,200 annually. Coastal properties may need additional windstorm coverage.

Investment & Rental Potential

Real Estate Investment in North Andover

💰 Long-term Buy and Hold

Steady appreciation and rental demand make North Andover suitable for long-term wealth building.

🏘 Rental Property Investment

Rental demand in North Andover supports cash flow strategies for single-family and multifamily properties.

🔧 Fix and Hold

Older properties in North Andover offer value-add opportunities through renovation and modernization.

⚠️ Investment Risks

North Andover investment risks include regional market volatility, property tax changes, and insurance cost increases. Work with experienced agents to assess individual opportunities.

New Construction

Where New Homes Are Being Built

🏗 Outer North Andover

New development zones on the outskirts of North Andover offer modern construction and newer floor plans.

Buyer Tips for New Construction: Always hire your own inspector for new builds. Review CDD obligations carefully. Negotiate upgrades, not price. A buyer's agent costs you nothing with new construction and provides critical representation.

Commute Pockets

Drive Times & Work-From-Anywhere

🚌 Regional Employment Centers

Convenient access from North Andover to nearby cities via major roads and highways.

🏙 Metropolitan Hub

North Andover residents commute to regional metropolitan areas for employment and entertainment.

💻 Remote Work Lifestyle

North Andover supports remote workers with reliable broadband access, quiet residential settings, and home office-friendly properties.

Taxes & Cost of Living

Your Dollar in North Andover

🏦 Property Taxes

Massachusetts property tax averages 1.14% statewide. Senior citizen and veteran exemptions available. Residential tax rate varies by town.

💵 Massachusetts Tax Considerations

Massachusetts has a flat 5% income tax rate plus a 4% surtax on income over $1M (effective 2023). Property tax rates vary by municipality. The residential exemption in some communities reduces the assessed value of owner-occupied homes. No sales tax on clothing under $175.

🛒 Cost of Living

Cost of living in North Andover aligns with regional Massachusetts averages. Housing remains the largest expense category.

🏥 Insurance Costs

Homeowners insurance in North Andover averages $1,200-$2,500 annually. Coverage varies by property age, value, and risk factors.

Lifestyle & Community

Living the North Andover Life

🌳 Outdoor Recreation

North Andover offers parks, trails, and outdoor recreation opportunities year-round.

🍽 Dining and Culture

Local restaurants, cafes, and cultural venues provide community gathering spaces in North Andover.

🛒 Shopping and Services

Local retail, services, and major shopping areas accessible within and near North Andover.

Jobs & Economy

Employment & Economic Drivers

🏥 Local Services

Retail, professional services, and hospitality anchor the North Andover economy.

💼 Regional Employment

Residents also commute to regional employment centers for professional opportunities.

💼 Remote Work & Entrepreneurship

Remote work grows as a major economic factor in North Andover, supported by quality broadband and home-office friendly properties.

Transportation & Commuting

Getting Around North Andover

🛣 Major Roads

North Andover connects to major highways and arterials providing access to regional destinations.

🚲 Biking & Walking

North Andover offers walkable neighborhoods and bike-friendly areas in the town center and residential zones.

✈️ Airport Access

North Andover residents access regional airports within reasonable driving distance for domestic and international travel.

New Development & Growth

What's Coming to North Andover

🏗 Emerging North Andover Zones

Expanding development areas bringing new construction to North Andover.

📈 Market Outlook

The North Andover market outlook remains positive with steady demand, moderate appreciation, and balanced inventory conditions expected through 2026.

Investment Insights

Real Estate Investment in North Andover

💰 Entry Strategy

Pre-approve financing before searching. Work with North Andover-focused agents.

📈 Holding Strategy

Long-term holds in North Andover benefit from regional appreciation trends.

DISCUSS INVESTMENT STRATEGY

Common Buyer Mistakes

Avoid These Costly Errors

❌ Skipping Pre-Approval

Get pre-approved with Ryan & Megan Winslow, Mortgage Bankers with The Federal Savings Bank, before shopping.

❌ Ignoring Total Cost

Budget for taxes, insurance, HOA, and maintenance beyond the mortgage payment.

❌ Skipping a Local Agent

A local North Andover agent knows which streets flood, which buildings have pending special assessments, and which neighborhoods are appreciating fastest. Buyer agent services are free to the buyer in most transactions.

Market data

North Andover by the numbers

The typical home in North Andover is worth $811,000, 12% above the Essex County typical value of $723,000 and 22% above the Massachusetts typical value of $662,000.

Typical home value

$811,000

Zillow Home Value Index for North Andover, August 2026. The middle of the market for single family homes and condos.

5 year change

+24.5%

Home values in North Andover moved +24.5% over five years and +76.2% over ten.

Median rent

$2,113/mo

Median gross rent in North Andover. Useful for investors running rental numbers.

Homeownership

70%

Share of occupied homes in North Andover lived in by the owner.

Median year built

1978

Older homes often need inspection focus on roof, systems and windows.

Household income

$134,000

Median household income in North Andover.

Mortgage planning for a home in North Andover
Financing

Buying in North Andover with the right loan

Ryan and Megan are mortgage bankers with The Federal Savings Bank, lending in all 50 states. You get the home and the loan from one team. On a typical North Andover home of $811,000:

  • FHA, 3.5% down: $28,378 down, loan of $782,000
  • Conventional, 5% down: $40,541 down, loan of $770,000
  • Conventional, 20% down: $162,000 down, loan of $649,000
  • VA, 0% down for eligible veterans, loan of $811,000
Selling

What is your North Andover home worth?

Ryan and Megan price North Andover homes from recent sales, not guesses. Send your address and you get a free market analysis, with no obligation.

Home for sale in North Andover
Nearby

Towns near North Andover

Essex County

More in Essex County

See the full Essex County real estate guide or the Massachusetts real estate guide.

FAQ

Common questions

What is the typical home value in North Andover, MA?

The Zillow Home Value Index for North Andover was $811,000 in August 2026, +1.3% over the past year.

What county is North Andover in?

North Andover is in Essex County, Massachusetts.

How many people live in North Andover?

About 32,135 people as of the 2024 Census Bureau estimate, up from 31,045 in 2020.

Who are the best real estate agents in North Andover?

Ryan and Megan Winslow of Winslow Homes have sold over 3,000 homes since 2009 and are licensed in Florida, Massachusetts, Connecticut and Rhode Island. Call or text 386-690-5858.

How do I get pre-approved to buy in North Andover?

Apply at www.winslowloan.com. Ryan and Megan are mortgage bankers with The Federal Savings Bank and lend in all 50 states, including FHA, VA and conventional loans.

Do most people in North Andover own or rent?

70% of occupied homes in North Andover are owner occupied, based on the 2019 to 2023 American Community Survey.

Talk to Ryan and Megan

Ready to move in North Andover?

17 years, over 3,000 homes sold, and one team for the home and the loan. Call or text 386-690-5858.

Sources: U.S. Census Bureau 2024 population estimates and 2019 to 2023 American Community Survey; Zillow Home Value Index, August 2026. Numbers update as new data is released. Talk to Ryan and Megan for current sold prices on your street.

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Coming soon in North Andover, MA

Get coming-soon homes, pocket listings and price drops in North Andover, MA before they hit the big home search sites.

North Andover home values by ZIP code

The typical home in North Andover is worth $812,420 as of August 2026 in ZIP code 01845. Values moved +1.4% over the last 12 months at the middle ZIP code.

ZIPTypical value12 months5 yearsMedian sale, Mar to May 2026Days on market
01845$812,420+1.4%+24.5%

Sources: Zillow Home Value Index through August 2026 and the Redfin Data Center ZIP code tracker, March to May 2026. Ask Ryan and Megan for a value for your own home.