BPN

🏭

North Andover

38 min to Boston
"Andover's more affordable sibling with good schools and space"
Median Price
$750,000
$346/sqft
School Rating
8.4/10
Great
Appreciation
4.1%
per year
Commute
38 min
to downtown

Financing Considerations

Properties in North Andover typically typically qualify for conforming loans with more flexible underwriting standards.

Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.

✨The Vibe

Quieter, more affordable alternative to Andover with solid schools, historic mill character, and family-friendly neighborhoods

What It's Really Like

North Andover gives you Andover-area schools at 25% savings—same region, similar quality, less pretension. Historic mills add character.

Best For

  • ✓Families wanting value in Andover area
  • ✓Route 495 corridor professionals
  • ✓Those seeking space and privacy
  • ✓Historic New England enthusiasts

Avoid If

  • ✗You need quick Boston access (38+ min)
  • ✗You want Phillips Academy prestige
  • ✗You prefer walkable urban areas

🌟Highlights

🏫Strong schools (8.4/10) without Andover premium
🏭Historic mill buildings add character
🏡More space and land than Andover proper
💰$300K less than Andover for similar quality

Insider Tips

  • 💡Osgood Hill area is most prestigious
  • 💡Stevens Estate is gorgeous town park
  • 💡Brooks School adds prep school character

Demographics

Population
31,200
Median Age
42
Median Income
$142,000

Economic Profile

Remote Work
17.4%
work from home
Professional Workers
58.4%
knowledge economy
Broadband Access
95.5%
digital infrastructure
Homeownership
69.6%
owner-occupied
Poverty Rate
7.4%
below poverty line
Median Home Value
$621K
Census estimate
Data source: Census ACS 2022 5-year

Religious Community

Places of Worship
7
Churches
7
Historical Context: Oldest establishment dates to 1834• 4 established before 1900
Data Source: MassGIS 2025 (Updated 2025-02-03)

Housing Stock Age

Median Year Built
1970
55 years old
Pre-1940 Construction
2.4%
Lower risk
Post-2000 Construction
22.6%
Modern housing stock
Est. Annual Insurance
$2,200
Based on housing age

Moderate Insurance Risk

Median home built in 1970. Insurance premiums estimated at $2,200/year. Some older homes may require system updates (electrical, plumbing, HVAC).

Insurance Cost Calculator

Estimate your annual homeowners insurance premium

$375,000$750,000$1,500,000

Leave blank to use town median (1970)

Annual Premium
$2,200
$183/month
vs. State Average
+10%
MA avg: $2,008/year
Risk Category
HIGH
Based on home age

30-Year Mortgage Impact

$66,000

Total insurance cost over 30-year mortgage (equivalent to 0.3% of home value)

Age Penalty

This home costs $589 more per year to insure than a newly built home. Over 30 years, that's $17,670 in additional insurance costs.

Ways to Lower Your Premium

  • Bundle home + auto insurance with same carrier (10-25% discount)
  • Increase deductible from $500 to $2,500 (save 15-30%)
  • Install monitored security system (5-20% discount)
  • Update electrical panel and remove knob-and-tube wiring
  • Replace roof with impact-resistant materials (save 5-15%)
  • Upgrade plumbing to PEX or copper
  • Complete full home inspection and address major issues
  • Consider MAPFRE or Chubb for historic home coverage

* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.

Construction Era Distribution

2020+
150 units
2010-2019
8.3%
950 units
2000-2009
13%
1,500 units
1990-1999
15.2%
1,750 units
1980-1989
17%
1,950 units
1970-1979
18.3%
2,100 units
1960-1969
15.7%
1,800 units
1950-1959
12.2%
1,400 units
1940-1949
5.4%
620 units
Pre-1940
280 units
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Resources & Research

School Information

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Market Analysis

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Insurance & Risk

MA Insurance Crisis Guide →

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Home Buying Terms

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View All Market Guides & Analysis →

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