Performance indicators for the Andover short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Andover.
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Challenging to Investors
Short‑term rentals are legal, but they require a two‑year, non‑transferable rental housing license, interior/exterior inspections, insurance, a management plan, tax compliance, and in some cases septic or state lodging licenses; regulatory uncertainty persists as zoning updates are ongoing, creating moderate barriers and risk.
Local STR Agent
STR specialist · Andover, MN
Andover is a city in Anoka County, Minnesota, United States. The population was 32,601 at the 2020 census.