Andover, IA
Population 120 · Iowa
About Andover, IA
Andover is a small community located in Iowa with a population of 120 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 31 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Andover features a median home value of $115,000, which is 53% below the national median of $244,900. This makes Andover one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 50 total housing units, 55% are owner-occupied (24 units) and 45% are renter-occupied (20 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Andover shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 31.7%, above the national average of 12.4%. Workers in Andover have an average one-way commute time of 17.9 minutes, one of the shorter commutes in the region.
Education & Demographics
11.1% of Andover residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.2% of the population being foreign-born.
Cost of Living in Andover, IA
Compared to national averages, Andover has a median household income of $0 (100% below the national median of $75,149). Home values average $115,000, which is 53% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Andover's income is 100% below the state average of $67,947, and home values are 13% below the state median of $132,237.
Why Live in Andover, IA?
Andover offers affordable housing with a median home value of $115,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 17.9 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Andover’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Andover has a population of 120 with a median age of 31 years. Compare Andover with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Andover
What is the population of Andover, IA?
The population of Andover, IA is 120 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Andover?
The median household income in Andover, IA is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Andover?
The median home value in Andover, IA is $115,000, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Andover?
The median monthly rent in Andover, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Andover?
The unemployment rate in Andover, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Andover, IA a good place to live?
Andover offers a moderate cost of living, affordable housing, and a strong job market. With a population of 120 and a median age of 31, the city appeals to young professionals and families.
How educated is Andover, IA?
11.1% of residents in Andover aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Andover?
Key cost-of-living indicators for Andover, IA: median home value is $115,000 (53% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Andover?
The poverty rate in Andover, IA is 31.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Andover, IA?
Andover's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.2% of residents are foreign-born.