Hoover, AL—35244
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 $463,000, with a year-over-year change of 0.7%. This indicates that home prices in Hoover, AL are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $463,000 | 0.7% |
| Single Family | $474,000 | 0.9% |
| Condos | $195,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | -1.4% |
3 Bed | $373,000 | 1.1% |
4 Bed | $494,000 | 1.0% |
| 5 Bed | $657,000 | 0.9% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 53. This is a increase of 5.0% 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 | $588,000 | -2.0% |
Listing Count | 429 | 29.0% |
| Listings as % of Homes | 1.5% | 29.0% |
Days on Market | 53 | 5.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,800 | 15.2% |
% Under 18 | 23.0% | 0.0% |
% Seniors | 15.5% | 9.2% |
% WFH | 17.3% | 214.5% |
% w/ College Degree | 60.1% | 1.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
Rentals and Section 8 — Hoover, AL
As of 2024, the percent of homes in Hoover, AL under the Section 8 program is 0.0%. 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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $463,000 |
| Median Household Income | $114,000 |