Andover, KY

Rent in Andover

Median Gross Rent

$1,347

Rent-to-Income Ratio

31.7%

Renter Share

56.3%

Median Renter Income

$41,768

Avg Household Size

2

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

1 Bedroom: $1,320
2 Bedrooms: $1,354
3 Bedrooms: $1,587

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 23.9%
$1,000-$1,500: 47.8%
$1,500-$2,000: 23.1%
$2,000-$2,500: 1.9%
$2,500+: 2.2%
No Cash Rent: 1.1%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 9.2%
20-30% (moderate): 34.5%
30-50% (cost-burdened): 26.9%
50%+ (severely cost-burdened): 26.8%
Not Computed: 2.7%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $125,727
Renter Households: $41,768

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 34.2%
$1,000-$1,500: 53.0%
$1,500-$2,000: 9.5%
$2,000-$2,500: 0.0%
$2,500+: 2.2%
No Cash Rent: 1.1%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources