View in Interactive Map

Hoover, AL—35244

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$460,000
0.9% YoY Growth
Household Income
$114,000
31.3% YoY Growth
Days on Market
74
18.0% Shorter YoY
Home Price Forecast
0.3%
Median Rent
$2,100
2.1% YoY Growth
1-Bed Rent
$981
7.3% YoY Growth
2-Bed Rent
$1,650
11.1% YoY Growth
3-Bed Rent
$2,090
0.9% YoY Growth

Other Zip Codes in Hoover, AL

35226
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hoover, AL

As of Dec '25, the median home price in Hoover, AL is $460,000, with a year-over-year change of 0.9%. This indicates that home prices in Hoover, AL are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$460,0000.9%
Single Family $472,0001.1%
Condos $197,000-1.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$209,000-0.5%
    3 Bed
    		$372,0001.4%
    4 Bed
    		$490,0000.8%
    5 Bed $649,3340.9%
    Loading chart...

    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    7.3%
    2 Bedrooms
    21.4%
    3 Bedrooms
    26.9%
    4 Bedrooms
    31.1%
    5+ Bedrooms
    12.2%

    Rental Trends — Hoover, AL

    As of July '25, Rentcast reports the average rent in Hoover, AL is $2,340, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Hoover, AL is studios: $1,670, 1-bedrooms: $1,020, 2-bedrooms: $1,900, 3-bedrooms: $2,260, 4-bedrooms: $2,620. The most common rental property sizes in Hoover, AL are 2-bedroom and 1-bedroom, accounting for 53.6% and 24.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,100$2,340
    Studio Rent $1,670$1,670
    1 Bed Rent $981$1,020
    2 Bed Rent $1,650$1,900
    3 Bed Rent $2,090$2,260
    4 Bed Rent $2,500$2,620
    Loading chart...

    % of Rental Stock

    Studio
    3.3%
    1 Bedroom
    24.7%
    2 Bedrooms
    53.6%
    3 Bedrooms
    14.1%
    4 Bedrooms
    2.7%
    5+ Bedrooms
    1.6%

    Property Listings — Hoover, AL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Hoover, AL is 64. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$575,0004.0%
    Listing Count
    		33932.0%
    Listings as % of Homes1.5%32.0%
    Days on Market
    		74-18.0%
    Loading chart...

    Demographics — Hoover, AL

    As of the latest ACS Survey released in 2023, Hoover, AL has a population of 36,800, which has increased by 15.2% over the past 5 years. Hoover, AL is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 60.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		36,80015.2%
    % Under 18
    		23.0%0.0%
    % Seniors
    		15.5%9.2%
    % WFH
    		17.3%214.5%
    % w/ College Degree
    		60.1%1.5%
    Loading chart...

    As of the latest ACS Survey released in 2023, Hoover, AL is a predominantly white area, with 70.0% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Hoover, AL is black, making up 17.6% of the population. Foreign-born residents account for 7.2% of the population in Hoover, AL, and this percentage has decreased by 32.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		70.0%3.1%
    % Black
    		17.6%-3.3%
    % Hispanic
    		4.9%-2.0%
    % Asian
    		4.9%-31.0%
    % Foreign Born
    		7.2%-32.7%
    Loading chart...

    Mortgage and Risk — Hoover, AL

    According to HUD data as of 2023, there were 644 mortgage originations in Hoover, AL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Hoover, AL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		644
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Hoover, AL

    As of 2024, the percent of homes in Hoover, AL under the Section 8 program is 0.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Hoover, AL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		0.0%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$429$981$1,410
    2 Bedroom-$90$1,650$1,560
    3 Bedroom-$140$2,090$1,950
    4 Bedroom-$290$2,500$2,210

    Affordability — Hoover, AL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$460,000
    Median Household Income$114,000

    Hoover, AL — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Hoover, AL

    35226

    Pelham, AL

    35124

    Vestavia Hills, AL

    35216

    Pratt City, Birmingham, AL

    35211

    Homewood, AL

    35209

    Frequently Asked Questions