Hoover, AL—35226
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Hoover, AL
Home Price Trends — Hoover, AL
As of Oct '25, the median home price in Hoover, AL is $425,000, with a year-over-year change of 1.7%. This indicates that home prices in Hoover, AL are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $425,000 | 1.7% |
| Single Family | $432,000 | 2.1% |
| Condos | $166,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 1.9% |
3 Bed | $370,000 | 1.6% |
4 Bed | $485,000 | 2.8% |
| 5 Bed | $664,000 | 1.8% |
% of Housing Stock
Rental Trends — Hoover, AL
As of July '25, Rentcast reports the average rent in Hoover, AL is $2,370, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Hoover, AL is 1-bedrooms: $1,270, 2-bedrooms: $1,680, 3-bedrooms: $2,360, 4-bedrooms: $3,050. The most common rental property sizes in Hoover, AL are 2-bedroom and 3-bedroom, accounting for 56.1% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,270 |
| 2 Bed Rent | $1,600 | $1,680 |
| 3 Bed Rent | $2,500 | $2,360 |
| 4 Bed Rent | $2,900 | $3,050 |
% of Rental Stock
Property Listings — Hoover, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hoover, AL is 47. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $491,000 | 7.0% |
Listing Count | 178 | -11.0% |
| Listings as % of Homes | 0.6% | -11.0% |
Days on Market | 47 | -1.0% |
Demographics — Hoover, AL
As of the latest ACS Survey released in 2023, Hoover, AL has a population of 37,700, which has increased by 6.1% over the past 5 years. Hoover, AL is a popular place for families, as children make up 26.3% of the population. The area has a highly educated workforce, with 68.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,700 | 6.1% |
% Under 18 | 26.3% | -0.8% |
% Seniors | 13.2% | -13.2% |
% WFH | 12.7% | 135.2% |
% w/ College Degree | 68.9% | 7.3% |
As of the latest ACS Survey released in 2023, Hoover, AL is a predominantly white area, with 73.0% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Hoover, AL is black, making up 12.9% of the population. Foreign-born residents account for 8.3% of the population in Hoover, AL, and this percentage has increased by 10.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.0% | -9.0% |
% Black | 12.9% | 19.4% |
% Hispanic | 4.0% | 60.0% |
% Asian | 7.6% | 68.9% |
% Foreign Born | 8.3% | 10.7% |
Mortgage and Risk — Hoover, AL
According to HUD data as of 2023, there were 948 mortgage originations in Hoover, AL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Hoover, AL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 948 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Hoover, AL
As of 2024, the percent of homes in Hoover, AL under the Section 8 program is 0.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Hoover, AL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 98 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,050 | $1,500 |
| 2 Bedroom | $60 | $1,600 | $1,660 |
| 3 Bedroom | -$430 | $2,500 | $2,070 |
| 4 Bedroom | -$550 | $2,900 | $2,350 |
Affordability — Hoover, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $425,000 |
| Median Household Income | $126,000 |