Is North Andover, MA a good place to invest in rental property?

North Andover, MA has a median modeled monthly cash flow of $-1,995 and a median cap rate of 2.9%, on a median sold price of $710,000. Prices changed +0.8% year over year.

What is the average cap rate in North Andover, MA?

The median cap rate across recently sold homes in North Andover, MA is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in North Andover, MA?

The median sold price in North Andover, MA is $710,000 (about $362 per square foot).

Investing in North Andover, MA Real Estate

A data-driven snapshot of the North Andover, MA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$710,000Median sold price

$362Median $/sqft

2.9%Median cap rate

$-1,995Modeled cash flow / mo

+0.8%Appreciation YoY

6.7Months of supply

182Active listings

326Sold (last 12 mo)

What the North Andover numbers say

In North Andover, MA, the median home sold for $710,000 (about $362 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,995 of monthly cash flow. Sold prices moved +0.8% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Massachusetts markets to compare

See North Andover cash-flowing listings

CashFlowRE ranks every for-sale home in North Andover, MA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen North Andover deals, or browse the national market data.