Hoover, Birmingham, AL—35233
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hoover, Birmingham, AL
As of Oct '25, the median home price in Hoover, Birmingham, AL is $308,000, with a year-over-year change of -6.9%. This indicates that home prices in Hoover, Birmingham, AL are decreasing. 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 | $308,000 | -6.9% |
| Single Family | N/A | N/A |
| Condos | $233,000 | -9.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $209,000 | -8.7% |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hoover, Birmingham, AL
As of July '25, Rentcast reports the average rent in Hoover, Birmingham, AL is $1,560, with a year-over-year rent change of -18.8%. Per bedroom, the median rent as of July '25 in Hoover, Birmingham, AL is studios: $1,240, 1-bedrooms: $1,450, 2-bedrooms: $1,940, 3-bedrooms: $2,200. The most common rental property sizes in Hoover, Birmingham, AL are 1-bedroom and 2-bedroom, accounting for 60.6% and 19.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,560 |
| Studio Rent | $1,170 | $1,240 |
| 1 Bed Rent | $1,400 | $1,450 |
| 2 Bed Rent | $2,000 | $1,940 |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hoover, Birmingham, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hoover, Birmingham, AL is 139. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 11.0% |
Listing Count | 43 | 99.0% |
| Listings as % of Homes | 0.7% | 99.0% |
Days on Market | 139 | 13.0% |
Demographics — Hoover, Birmingham, AL
As of the latest ACS Survey released in 2023, Hoover, Birmingham, AL has a population of 3,240, which has increased by 88.7% over the past 5 years. Hoover, Birmingham, AL is a less popular place for families, as children make up 1.8% of the population. The area has a highly educated workforce, with 89.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,240 | 88.7% |
% Under 18 | 1.8% | -63.3% |
% Seniors | 2.8% | 16.7% |
% WFH | 6.2% | -32.6% |
% w/ College Degree | 89.6% | 30.8% |
As of the latest ACS Survey released in 2023, Hoover, Birmingham, AL is a predominantly white area, with 44.5% of the population identifying as white. The white population has shrunk by 19.8% in the last 5 years. The second most common race or ethnicity in Hoover, Birmingham, AL is black, making up 21.8% of the population. Foreign-born residents account for 20.2% of the population in Hoover, Birmingham, AL, and this percentage has increased by 8.0% 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 | 44.5% | -19.8% |
% Black | 21.8% | -10.7% |
% Hispanic | 9.1% | 213.8% |
% Asian | 21.1% | 64.8% |
% Foreign Born | 20.2% | 8.0% |
Mortgage and Risk — Hoover, Birmingham, AL
According to HUD data as of 2023, there were 27 mortgage originations in Hoover, Birmingham, AL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Hoover, Birmingham, AL. Investor activity is high, as 33.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 27 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 33.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Hoover, Birmingham, AL
Hoover, Birmingham, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 126 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,400 | $1,590 |
| 2 Bedroom | -$240 | $2,000 | $1,760 |
| 3 Bedroom | $0 | $2,200 | $2,200 |
| 4 Bedroom | N/A | N/A | $2,490 |
Affordability — Hoover, Birmingham, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $308,000 |
| Median Household Income | $52,200 |