Andover, MA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Andover short-term rental market based on reliable data.

Listings

51 / 174

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$33,359

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$1,015,758

Median Home Sale Price

Top Earners

$74,283

Top-Earners Revenue

Andover

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Andover.

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D

Unfriendly to Investors

Andover Regulations

Andover explicitly prohibits short‑term rentals, rendering them illegal and creating high legal risk and compliance burdens that deter investors.

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About Andover

Andover is a well-established suburban town in Essex County, in the northeastern part of Massachusetts. It has a population of roughly 38,000 residents and carries a distinct New England character defined by tree-lined streets, historic brick buildings, and a well-preserved 19th-century town center. Best known as the home of Phillips Academy, one of the country's most prestigious preparatory schools, Andover also serves as a gateway to the broader Merrimack Valley region. The town sits approximately 25 miles north of Boston, a drive that typically takes around 45 minutes depending on traffic, and it lies within easy reach of the North Shore beaches and the White Mountains of New Hampshire.

For art lovers and history enthusiasts, the Addison Gallery of American Art on the Phillips Academy campus is a notable draw. Housed within the same school that has educated numerous American luminaries, the museum holds an extensive collection of American paintings, photography, and sculpture, and admission is free to the public. It sits right in the heart of town, just a short walk from the central square.

Outdoor recreation is well within reach at Harold Parker State Forest, which covers more than 3,000 acres of woodlands, ponds, and hiking trails only a few miles north of the town center. The forest offers opportunities for hiking, mountain biking, horseback riding, fishing, and camping, making it a year-round draw for visitors who want to experience classic New England woods without venturing far from urban amenities.

For those interested in local history, the Andover Historical Society maintains collections and walking tours that highlight the town's colonial past, including its role in the years leading up to the American Revolution. The Robert S. Peabody Museum of Archaeology, also on the Phillips Academy campus, offers a thoughtful look at Indigenous archaeology of the Americas and is a smaller, quieter complement to the Addison.

Andover's appeal as a short-term-rental base rests on a rare combination: a quiet, well-kept suburban setting with the cultural depth of a long-established town, easy access to Boston and the North Shore, and immediate entry points to forests, rivers, and the historic mill communities of the Merrimack Valley. Visitors who arrive for school events, weddings, reunions, or simply as a comfortable base for exploring greater Boston and northern Massachusetts find a town that is at once restful and full of things to do.

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