Best Neighborhoods To Invest In Andover, MS

In Andover, MS, investors will find a great blend of quiet suburban spots and city amenities. The local housing market is reliable, with prices for homes ranging between $900k and $1.2m. These homes often sit on about 1 acre. This consistent market and the variety of neighborhoods make Andover an appealing place for long-term investment.

Andover’s different areas meet various investor needs. Downtown Andover combines convenience with historic charm. High Plain/Wood Hill offers peace and is close to nature. The easy journey to Boston adds to Andover’s attractiveness. It means you can enjoy city life and return to a friendly neighborhood. High Plain/Wood Hill has new houses and is near parks¹.

In North Andover, the average sale price is $602,500. This shows a decrease of 16.9% from last year¹. Boxford’s average home price is $945,060. This reflects the competitiveness of Andover and nearby places². Andover’s real estate isn’t just about prices. It’s also about great schools, parks, cultural spots, and job growth. The town has seen a 24.63% increase in jobs over the past decade³.

Key Takeaways

• Andover MS real estate offers a stable investment with properties typically ranging from $900k to $1.2m.
• Neighborhoods in Andover provide a mix of historic charm and modern convenience.
• Proximity to Boston enhances Andover’s appeal for property investment.
• High Plain/Wood Hill area offers newer builds with suburban tranquility and access to nature.
• Median sale prices and market trends in nearby areas provide insights into Andover’s competitive market¹².

Introduction to Andover, MS: A Promising Investment Destination

Andover, MS, is catching the eyes of many investors. It’s perfectly located near Boston and Southern New Hampshire. This Boston proximity is great for those wanting a small-town feel but with big-city amenities. The town features a thriving real estate market, outstanding schools, and historically rich areas. All these make Andover MS investments very appealing.

Why Andover, MS is Gaining Attention

There are many reasons why Andover, MS, is becoming popular. One key reason is its growing population. This shows more and more people find it appealing. Along with high incomes and diverse jobs, the town offers economic stability and growth potential⁴. Its closeness to major places like Boston also adds to its charm. This mix of suburban peace and city life is unique.

Key Factors Driving Real Estate Value

Several things are boosting real estate values in Andover. These include the town’s population growth and the high incomes of its people. There’s also a variety of job opportunities. The town’s strong schools attract families, increasing the demand for homes⁴. Moreover, there are plans to improve the town’s IT system. This involves making different departments work together better. Such changes could make property values go up⁴.

Understanding Andover’s neighborhood perks is key for making good investment choices. There’s a lot of useful info out there for those looking to invest. To get a really good look at the opportunities, check out this guide on investing in Andover⁴.

Downtown Andover: Heart of the City

Downtown Andover nicely mixes old-world charm and modern perks. It is loved by people who live there and investors. You’ll find lovely old homes, cute shops, and a friendly vibe. This draws locals and visitors to buy here.

Accessibility to Amenities

Getting around Downtown Andover is easy. Important roads and the MBTA commuter rail connect it to Greater Boston⁵. This makes commuting a breeze⁵. For those thinking about investing, getting to places from Downtown Andover is a big plus.

Historic Charm and Modern Convenience

Real estate in Downtown Andover combines old New England charm with modern touches⁶. The market is active with homes, condos, and townhouses selling fast⁶. Homes here get about three offers and sell in 18 days, showing strong demand⁶.

Buying property in Downtown Andover is smart. The median home cost shows it’s pricy but worth it for the long-term value⁷. It’s close to businesses, food places, events, and fun activities, adding to its charm⁷. Check out the latest fancy homes on Redfin for more⁶.

High Plain/Wood Hill Area: Suburban Tranquility

The High Plain and Wood Hill sections of Andover, MS, offer peaceful suburban living. They’re perfect for those looking to escape the city’s noise. With new buildings and big lands, they’re a top pick for finding quiet, spacious homes.

Spacious Lots and Newer Builds

In Andover MS, the High Plain spots have large yards, attracting many families. Take a look at one home priced at $799,000. It has three bedrooms, two baths, and a big living room in the High Plain School district⁸. This home boasts new features like a fenced yard and a 2-year-old heating system. Such modern touches and big spaces let these homes ask for high prices.

Proximity to Nature and Parks

Living in High Plain or Wood Hill means being close to nature. Nearby parks and greenery make it a great spot for outdoor lovers. This closeness to nature also ups the value of homes here, attracting buyers and investors alike.

These areas don’t just offer beautiful sights and fun outdoors. They also offer a top-tier way of living. With easy access to main roads, moving around is a breeze for those living here⁸. The mix of peaceful living and easy travel makes buying here a smart choice for those wanting both quiet and convenience.

Andover Country Club Neighborhood: Luxurious Living

The Andover Country Club neighborhood is the pinnacle of luxury, perfect for those with a lot of wealth looking for special deals. It’s full of high-priced homes, drawing in people who love fancy things and privacy. There’s a variety of homes to pick from, giving those interested in Andover MS luxury real estate lots to think about for great returns. Explore the listings⁹.

Exclusive Developments

Some of the best homes in Andover are in this area. Regency Ridge is especially popular, with homes that can cost millions⁹. It’s not just the fancy homes but also being close to great golfing that makes this spot stand out. The houses here are big and come with special features, aimed at buyers wanting nothing but the best in Andover Country Club.

High-Value Property Options

The market for luxury real estate in Andover MS is strong. Prices range from $450,000 all the way up to $4,000,000¹⁰. For example, you might see a 4-bedroom, 2-bathroom home for $999,900, or a 4-beta, 4-bath colonial for $1,649,000¹⁰. With such a wide range of prices, investors can find just the right property. Plus, the listings are always up-to-date, refreshing every 15 minutes¹⁰.

The Andover Country Club area keeps attracting those wanting to invest in luxury real estate in Andover MS. With so many high-value homes available, every investor can find something to match their taste.

Phillips Area: Established Prestige

The Phillips area in Andover is known for its long-standing prestige. It’s perfect for those who love historic homes in Andover MS and high-end properties. With its great location and strong educational system, it’s a top choice for smart investors and homebuyers.

Proximity to Renowned Schools

The Phillips area is close to top schools like Phillips Academy. This school is famous for its excellent academics and activities¹¹¹². Families love this area because it means a top-notch education for their kids.

Historic and High-Value Homes

The Phillips area stands out for its historic homes in Andover MS. These homes are not just beautiful; they’re also a wise investment¹¹. They’re well-made and have unique details from the past.

Thanks to these grand homes and great schools, the Phillips area in Andover is very sought-after¹¹¹².

This place offers peaceful living with a touch of history. It’s also a smart pick for investors wanting high-end properties in a respected area.

Indian Ridge: A Balanced Community

Indian Ridge Andover MS is a unique real estate choice. It blends older homes from the 70s and 80s with newer ones. This mix appeals to many, keeping the area strong for investments.

The neighborhood values close-knit living, creating a warm community vibe. With various home styles, Indian Ridge meets different preferences. People can pick between the charm of old homes or modern features in new ones.

The location also stands out for great schools and local amenities. Andover’s schools boost home values to an average of $692,033. This is a big plus for families looking at the quality of education when buying a home¹³.

Indian Ridge Andover MS combines appealing home prices with a great living environment. It’s a top choice for both homeowners and investors.

Here’s how home values compare across different school districts:

Ballardvale: Best of Both Worlds

The Ballardvale neighborhood in Andover is a place where past and present meet. It combines history with today’s conveniences. It’s great for those wanting quiet but also easy travel to work.

Putting money into Ballardvale homes is smart. The area is known for its tight-knit community and perfect location. The mix of old sites and fun events, like Fourth of July fireworks, makes life here full and exciting. Families and younger people find it an ideal spot. You can learn about the Ballardvale-Lowell Junction area’s history¹⁴ too.

The demand for homes in Ballardvale is going strong. This is thanks to its easy access and being great for families. You’ll find homes ranging from $167,900 to luxury ones at $1,900,000¹⁵. This opens doors for many types of buyers.

Many houses here have three to four bedrooms. This suits families needing more room. Right now, there are 13 three-bedroom and 16 four-bedroom homes available¹⁵. The focus on good schools and public places means a better life for everyone¹⁴.

In short, Ballardvale offers a wonderful mix. It has historic charm and today’s comforts. It’s a prime spot for investing in a home in Andover¹⁴.

Farrwood: Quiet Residential Bliss

The Farrwood neighborhood is a peaceful place in Andover, MS. It’s known for its quiet, family-friendly vibe. If you’re looking for a slowed-down lifestyle but still want to be close to what you need, this is perfect.

Family-Friendly Environment

Farrwood is loved for its great houses and family vibe. There’s lots of green space and safe streets for kids to play. It’s a secure area that makes families feel at home.

Close-Knit Community

Farrwood has a tight-knit group of people. Neighbors get together for events, making everyone feel connected. It’s great for families who like being close to others and helping out.

Also, Farrwood’s economy is growing strong. Andover thought they’d get $1.2 million from new growth. Instead, they got about $1.8 million, thanks to lots of building projects. They now have $600,000 more to use and haven’t gone over budget limits¹⁶. This boosts the real estate market here.

Investors will find Farrwood an attractive place because of its quiet charm and strong community. To learn more about how Andover is doing, check out this issue of the Andover Townsman¹⁶.

Factors to Consider When Investing in Andover, MS

When you think about investing in Andover, MS, you need to look at a few key things. These include how much property values go up, the number of people moving in, and what you’ll pay in taxes. They all play a big part in how well your investment does.

Property Appreciation Rate

The rise in property values in Andover is a big draw for investors. The town offers a great lifestyle and has a strong demand for homes. This makes property values go up, which is good for your investment¹⁷. You can find more on how Andover keeps doing well in the market on a local forum¹⁷.

Population Growth

More people moving to Andover is also a positive sign. It shows there’s a steady need for homes, which could mean more profits for you. The town has lots of amenities and different types of homes¹⁷. This draws in a variety of new residents. Andover’s lifestyle and job opportunities keep attracting buyers and renters, promoting steady growth¹⁷.

Real Estate Taxes

Taxes on property are important to consider too. Andover makes sure taxes are fair, keeping it an attractive place for investors. The town also works on making the community better without heavy taxes¹⁸. They have programs like the Andover Affordable Housing Trust to help with growth and keep taxes in check¹⁹.

Looking at property values, population growth, and taxes will help you understand Andover’s market. This will guide you in making a smart investment. This approach promises a good investment experience in Andover’s promising market.

FAQ

Why is Andover, MS gaining attention from investors?

Andover, MS is popular among investors because it’s close to Boston and Southern New Hampshire. This offers a neighborhood vibe close to big cities. It boasts diverse neighborhoods, solid schools, and historical appeal. These factors make its housing market both stable and likely to grow in value.

What are the key factors driving real estate value in Andover, MS?

The value of real estate in Andover, MS is going up because more people are moving there, residents earn good money, and there are various jobs available. These signs point to a stable and growing market, making it an appealing place for investors.

What makes Downtown Andover a desirable investment area?

Downtown Andover mixes old-world charm with modern convenience. It has smaller, urban-style lots. Visitors and residents enjoy easy walks to shops and public transit, making it attractive to those who like being near local businesses.

What are the benefits of investing in the High Plain/Wood Hill area?

The High Plain/Wood Hill area is perfect for families wanting peace and access to nature. Its larger, newer homes attract people willing to pay more for space and greenery. This can lead to higher rents or sales prices.

What distinguishes the Andover Country Club neighborhood?

The Andover Country Club area is known for luxury and exclusive properties. It draws wealthy individuals. Here, properties are among the most expensive in Andover, often needing large investment sums.

Why is the Phillips area considered prestigious in Andover?

The Phillips area boasts established prestige, quality schools nearby, and historic homes. It offers unique and valuable properties that keep their value. This is attractive for investors seeking high rents or resale profits.

What makes Indian Ridge a balanced community for investment?

Indian Ridge has a variety of home styles from different eras, appealing to many. It caters to those looking for housing diversity and a strong community feel. This variety can lead to steady investment returns.

What are the advantages of investing in Ballardvale?

Ballardvale features homes with colonial charm and great train access. It’s great for families and commuters. This makes it an appealing area for investment.

How does the Farrwood neighborhood appeal to families?

Farrwood is peaceful, family-friendly, and tightly-knit. It’s close to North Reading, drawing families seeking quiet yet accessible living areas.

What factors should be considered when investing in Andover, MS?

When investing in Andover, MS, consider property value growth, population increase, and taxes. Andover’s consistent growth and reasonable taxes support long-term investments. These factors indicate a strong demand for housing in Andover.

Source Links

1. North Andover, MA Homes for Sale – https://www.redfin.com/city/29664/MA/North-Andover
2. Top 10 Most Affordable Places To Live In Essex County, MA | Flyhomes – https://flyhomes.com/rankings/essex-county–ma/affordable
3. Best Places to Live 2011 – Town details: North Andover, MA – from MONEY Magazine – https://money.cnn.com/magazines/moneymag/bplive/2011/snapshots/CS2546365.html
4. Microsoft Word – Andover- Report – Draft3 – v09.docx – https://andoverma.gov/DocumentCenter/View/869
5. Andover and North Andover – Bell Tower Commercial Real Estate, Lowell, Lawrence, MA – https://www.belltowercregroup.com/insights/commercial-re-market-andover-ma/
6. Vintage Homes for Sale in Andover, MA – https://www.redfin.com/city/36087/MA/Andover/vintage
7. 10 Things to Know Before Moving to Andover, MA – https://homeandmoney.com/blog/moving-to-andover-ma/
8. Is 01810, MA a Good Place To Live? | Flyhomes – https://flyhomes.com/quality-of-life/01810
9. Andover Neighborhoods (Boston, Reading, Wilmington: houses, to buy, school district) – Massachusetts (MA) – https://www.city-data.com/forum/massachusetts/2907704-andover-neighborhoods-boston-reading-wilmington-houses.html
10. Andover Real Estate | Andover Properties for Sale – https://www.pathanrealty.com/andover-homes-for-sale/
11. Andover, MA Roofing Contractors | JP Carroll Roofing – https://www.jpcarrollroofing.com/massachusetts/andover-roofing-contractors/
12. Andover FAQs – https://www.andover.edu/faq
13. Find the Balance Between a Quality School System and an Affordable Home – https://merrimackvalleymarealestate.com/school-system-affordable-home/
14. PDF – https://www.andoverma.gov/DocumentCenter/View/13362/Andover_AffinityMap_20211207_Final-1
15. Buyers We Represented – https://www.classifiedrealtygroup.com/buyers-we-represented/
16. Full text of “Andover Townsman 10/28/2004” – https://archive.org/stream/andover_townsman_2004-10-28/andover_townsman_2004-10-28_djvu.txt
17. Andover, MA or Reading, MA (Boston: transplants, real estate, homes) – Massachusetts – Page 2 – https://www.city-data.com/forum/massachusetts/2790870-andover-ma-reading-ma-2.html
18. PDF – https://www.andovermn.gov/AgendaCenter/ViewFile/Minutes/10252016-369
19. PDF – https://andoverma.gov/DocumentCenter/View/5445/Andover-HTF-Action-Plan-Dec-2018docx