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
Compare with nearby places
Places of similar size in New Jersey.
- Branchville borough 724
- Allenwood CDP 721
- Oceanville CDP 721
- Encore at Monroe CDP 713
- Fieldsboro borough 701
- Harlingen CDP 697
- Belleplain CDP 675
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