Massachusetts towns are known for their deep historic roots — and Andover is no exception. With its blend of Federal-style homes, Victorian estates, and preserved Colonial properties, Andover’s historic districts tell the story of New England’s architectural heritage. But when it comes to real estate, owning a home in a historic district can be both a privilege and a limitation.

Let’s explore how Andover’s architectural charm influences property values — and why preservation rules can sometimes raise, or cap, what your home is worth.

1. What Is a Historic District?

A historic district is a designated area recognized for its cultural, architectural, or historical significance. In Massachusetts, these districts are often overseen by a local Historic Preservation Commission that regulates changes to the exterior of buildings.

In Andover, for instance, the Historic Mill District and areas near Main Street and Chapel Avenue reflect centuries of architectural evolution. Any renovations or exterior modifications in these zones typically require approval to maintain the area’s visual integrity and historical authenticity.

2. How Historic Designation Can Boost Property Value

Historic districts can increase property values for several reasons:

• Curb appeal and character: Homes in well-preserved neighborhoods often attract buyers looking for charm, authenticity, and architectural detail they can’t find in modern builds.

• Stability of the area: Because exterior changes are tightly regulated, the neighborhood’s aesthetic and integrity are preserved, helping maintain long-term value.

• Community appeal: Historic districts often foster strong local identities and tourism interest, which can make the area more desirable and raise nearby home prices.

• Limited supply: Older, preserved homes are finite — and scarcity can drive up demand, especially in towns like Andover that blend small-town appeal with Boston-area accessibility.

According to research from the National Trust for Historic Preservation, properties within historic districts generally appreciate faster and retain value better than comparable homes outside them.

3. How Historic Rules Can Cap Value or Limit Flexibility

However, owning a historic property comes with trade-offs:

• Renovation restrictions: Homeowners must follow specific guidelines for materials, paint colors, and architectural details, which can make renovations costly and time-consuming.

• Approval processes: Any modification to the property’s exterior often requires approval from Andover’s Historic Commission, which can delay projects or prevent certain upgrades altogether.

• Higher maintenance costs: Preserving original features such as wood windows, slate roofs, or period-accurate trim can be expensive.

• Modern limitations: Some buyers may prefer newer, energy-efficient homes or modern floor plans — meaning your historic gem may appeal to a smaller market segment.

In some Massachusetts towns, this can cap resale value if demand for historic properties dips or if buyers perceive upkeep as a hassle.

4. Andover’s Architectural Identity: Where History Meets Market Appeal

Andover stands out because it balances preservation and progress.

• The Andover Preservation Commission works to safeguard historic assets while allowing adaptive reuse — such as converting old mills and school buildings into housing or mixed-use spaces.

• Neighborhoods near Phillips Academy and downtown Andover showcase 18th- and 19th-century designs that remain in demand thanks to proximity to schools, shops, and transit.

• Newer developments in Andover often draw inspiration from traditional architecture, blending modern amenities with historical aesthetics — a strategy that supports market strength while honoring the town’s roots.

This approach enables Andover to maintain its architectural harmony while keeping real estate values resilient, even in shifting market conditions.

5. Tips for Buyers and Homeowners in Historic Districts

If you’re considering buying or maintaining a historic home in Andover or elsewhere in Massachusetts:

• Review local preservation guidelines before purchasing or renovating.

• Budget for maintenance using historically appropriate materials.

• Seek incentives — Massachusetts offers state and federal tax credits for restoring certified historic properties.

• Work with a real estate agent who is familiar with historic listings, as they can help navigate regulations and assess the long-term value.

Owning a home in Andover’s historic districts is about more than just property — it’s about preserving a piece of Massachusetts history. While regulations may limit some upgrades, the architectural charm, sense of community, and long-term stability often offset those restrictions.

For homeowners and buyers alike, historic designation can both protect and shape property values — and in towns like Andover, that balance of preservation and progress is part of what makes the real estate market truly unique.

Matt Witte strives to be the best realtor in Andover, MA.

Any questions about real estate, reach out to Matt Witte, Andover Realtor, MA