Andover, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Andover short-term rental market based on reliable data.
Listings
10 / 29
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$37,298
Middle-Earners Revenue
Occupancy
43%
Middle-Earners Occupancy
Home Value
$426,462
Median Home Sale Price
Top Earners
$81,368
Top-Earners Revenue
Andover
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Andover.
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Challenging to Investors
Andover Regulations
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
About Andover
Andover is a city in Anoka County, Minnesota, United States. The population was 32,601 at the 2020 census.