The story of this market
The typical home in ZIP 01845 sells for about $660,159, or $450 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $2,223 a month.
ZIP 01845 — North Andover
The North Andover housing market remains stable with high demand and limited inventory, driving consistent price appreciation. While affordability is a concern for some, the area's strong school district and economic base continue to attract family buyers and professionals. Market conditions are currently balanced, though buyers face competitive bidding for well-priced properties.
This ZIP is ideal for families seeking high-quality schools and professionals commuting to the Greater Boston area, offering a suburban lifestyle with access to both nature and urban amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 35 days on market with 2.6 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 9.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 01845, Essex County, MA
North Andover generally reports lower crime rates compared to the national average, with property and violent crime incidents remaining relatively stable and low for the region.
The area is served by the North Andover Public Schools district, which is consistently highly rated and recognized for strong academic performance and college readiness.
The region faces moderate risks from winter storms and occasional flooding in low-lying areas near the Merrimack River, with standard insurance coverage typically sufficient.
Economic momentum is driven by proximity to the Merrimack Valley tech corridor and major employers in the education and healthcare sectors, with steady residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Residents typically commute via I-495 or I-93 toward Boston or the surrounding tech hubs, with average travel times around 32 minutes.
The area features extensive outdoor amenities including Harold Parker State Forest, Lake Cochichewick, and various town parks, alongside convenient shopping centers along Turnpike Street.
The rental market is characterized by high demand and low vacancy rates, with rents trending upward due to limited inventory and the area's desirability for commuters.
The local economy is anchored by education, healthcare, and professional services, with significant employment opportunities in the nearby Merrimack Valley industrial and tech parks.
The area is well-connected by I-495 and I-93, providing critical access to the Greater Boston employment core and regional transit hubs.
Development is focused on smart-growth initiatives, including the revitalization of the town center and expansion of multi-family housing options.
The Essex County appraisal process is managed at the municipal level, with the Town of North Andover conducting regular revaluations to ensure tax equity.
Parcels are subject to standard municipal property taxes and the North Andover Public Schools district levy.
Property insurance premiums are stable but reflect regional risks associated with severe winter weather and potential flood zones near water bodies.
Data retrieved from Census Reporter and Point2Homes profiles for ZCTA 01845.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Canobie Lake Park4.511.9 mi
- Boda Borg Boston4.716.8 mi
- K1 Speed Boston-Wilmington4.27.9 mi
- Dave & Buster's Woburn4.111.9 mi
- Nova Adventure Park4.512 mi
- Canobie Lake Park4.511.9 mi
- Cider Hill Farm4.716.3 mi
- Tsongas Center4.511.7 mi
- Kowloon Restaurant4.214.3 mi
- The Brook4.218.1 mi
- Canobie Lake Park4.511.9 mi
- AMC Methuen 204.36.3 mi
- K1 Speed Boston-Wilmington4.27.9 mi
- Dave & Buster's Woburn4.111.9 mi
- AMC Liberty Tree Mall 20410.9 mi
- Salem Witch Museum3.814.1 mi
- Peabody Essex Museum4.714.2 mi
- Castle Hill on the Crane Estate4.715.6 mi
- The Witch House at Salem4.314 mi
- The House of the Seven Gables4.614.5 mi
- Mass Audubon's Ipswich River Wildlife Sanctuary4.98.8 mi
- Endicott Park4.89.1 mi
- Harold Parker State Forest4.73 mi
- Ipswich River Park4.76.8 mi
- Winnekenni Castle4.68.2 mi
- Crescent Yacht Club4.47.2 mi
- Northshore Mall4.411.4 mi
- The Mall at Rockingham Park4.410 mi
- Tuscan Village4.410 mi
- MarketStreet Lynnfield4.510.9 mi
- Liberty Tree Mall3.911 mi
- Boston Logan International Airport4.121.4 mi
- Manchester-Boston Regional Airport4.625.2 mi
- Park Shuttle & Fly4.519.6 mi
- The Lounge3.421.1 mi
- DaCoopas Pizza4.120.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large state forest offering hiking, biking, and swimming.
A major local water body providing scenic views and recreational space.
Primary commercial corridor with diverse retail and dining options.
Key-figure check: median price diverges 25.5% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $828,247 (25.5% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $828,247 (+25.5% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.