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ZipNumbers

New Jersey · Census place 01330

Andover borough, NJ

Quick answer

Andover borough has 716 residents, ranking #583 of 700 places in New Jersey. Median household income is $78,750, the median home is worth $355,400 and median gross rent runs $1,549 a month.

Population
716Andover borough residents
Median household income
$78,750Past 12 months, inflation adjusted
Median home value
$355,400Owner-occupied units
Median gross rent
$1,549Rent plus utilities, monthly
Median age
42.5 yrsAll residents
Homeownership rate
60.2%Owner-occupied households

What the numbers mean in Andover borough

Housing cost measured against local earnings.

A household earning the Andover borough median would spend about 23.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.9% of residents and 60.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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