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55304 MN Real Estate

 

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55304 MN Real Estate

You may have heard the popular “train myth” about how Andover received its name. The myth states that a train tipped over in a swamp, and an eyewitness, relaying the incident, said it “went over and over,” thereby naming the city “Andover.” However, research reveals that the name Andover first appeared in an article dated March 14, 1899 in the Anoka County Union Newspaper – before train tracks were ever built in the city.

The article stated that the Eastern Minnesota line of the Great Northern Railway was in the process of constructing railroad tracks from the Coon Creek Cut-off to the North. The railway announced that new railroad stations with mathematical precision were to be located five miles apart from each other. The new stations (from Coon Creek to the North, along the new railroad line) were to be named Andover, Cedar, Bethel, Isanti, Cambridge, Stanchfield, Braham, Grasston, Cornell, and Brook Park. On July 4, 1899, the first train passed through the Andover Station. Where the railway came up with the name Andover still remains unknown.

Andover Village was established in 1972 and then became the City of Andover, a city of the fourth class, in 1974. Today the City of Andover’s population exceeds 30,000, classifying it as a second class city.

 

Housing & Living

55304 MN Real Estate he median property value in Andover, MN 55304 was $425,500 in 2022, which is 1.2 times larger than the national average of $340,500. Between 2021 and 2022 the median property value increased from $410,000 to $459,500, a 12.1% increase. The homeownership rate in Andover, MN is 91.4%, which is higher than the national average of 64.1%. People in Andover, MN have an average commute time of 27.8 minutes, and they drove alone to work. Car ownership in Andover, MN is approximately the same as the national average, with an average of 2 cars per household.

 

The city of Andover, Minnesota is located in Anoka County. It is bordered by Cambridge and Maple Grove to the north, Brooklyn Center to the east, Chanhassen to the south and Woodbury to the west. The population of Andover is approximately 25,000. The city has a median household income of $66,000. There are many opportunities for employment in the area, including the Andover School District. The city of Andover is served by three airports: Minneapolis-St Paul International Airport, Rochester International Airport and St Cloud Regional Airport.

55304 MN Real Estate In 2019, the median property value in Andover, MN grew to to $289,500 from the previous year’s value of $272,000.

Andover, MN compared to it’s parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Andover, MN the largest share of households have a property value in the $300k – $400k range.

The 55304 School District is the second largest school district in the state of Minnesota. The district consists of five elementary schools, one middle school, one high school and one alternative school. The high school in Andover is Andover High School. The Andover School District was established in 1868. The district’s enrollment is approximately 1,200 students.

 

There are a number of businesses in the city of Andover. Some of these businesses include:

 

* A&W Restaurant
* American Family Insurance
* Cargill
* First Bank
* Hormel Foods
* John Deere
* Medtronic
* Target
* U.S. Bank
* Wells Fargo

There are also several businesses that are based outside the city limits of Andover. These include:

 

* AmeriSource Health Management
* Andover State Hospital
* Aetna
* Allina Health System
* Associated Milk Producers Inc.
* Blue Cross/Blue Shield
* Blue Earth Medical Center
* Carlson Companies
* Central States Health and Life
* Cigna
* Coventry Healthcare
* Farm Bureau Insurance
* GEICO
* Golden Rule Insurance
* HMO Midwest
* Independence Blue Cross
* KPMG
* Minnesota Mining and Manufacturing
* Mutual of America
* Northfield Clinic
* Principal Financial Group
* United HealthCare

 

The median age of residents in the city of Andover is 34 years old. The average household size is 2.6 people. There are 5,919 housing units in Andover. Of those, 3,878 are occupied. The Andover Real Estate Market is currently experiencing a trend of decline. This decline is attributed to the fact that there is not much new construction going on in the city. The current market conditions are very competitive. Many home sellers are taking advantage of this situation by offering their homes at a reduced price. This means that if you are thinking about buying a home in the city of Andover, Minnesota, it may be wise to get an early start.

 
MonthActive Listings, $ VolumeActive Listings, Number of
Oct 2021$61,066,304111
Nov 2021$56,676,12798
Dec 2021$46,872,02776
Jan 2022$49,572,77891
Feb 2022$52,215,70797
Mar 2022$54,490,86097
Apr 2022$66,072,707117
May 2022$77,137,757140
Jun 2022$82,495,145147
Jul 2022$82,763,995150
Aug 2022$80,884,805148
Sep 2022$81,507,841145

 

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