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Hoover

Why you'd want to live in Hoover

Hoover is a city in Alabama state in USA with a population of 85386 residents.. The poverty rate of Hoover is 5.7%, which is 59% lower than national average. The typical household in Hoover earns $92984 a year, compared to the national median of $67,500. Nearly 25.4% of households earn less than $50,000 a year compared to 39% national rate. A high school education is a basic prerequisite for most jobs, and in Hoover, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hoover remained 4%, which is 15% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Hoover, only 59% of adults have a bachelor's degree and 25% have some college but no degree. Cost of living in Hoover is 110, which is 10% higher than national average. Median home value in Hoover is $298400 , which is 30% higher than national average. While median income in Hoover remained $92984, which is 38% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere via localobserverdaily.com

Hoover Market Report

$583,741

AVERAGE PRICE OF 420 HOMES

$499,950

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,398,692

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$631,364

AVERAGE PRICE OF 215 NEWLY BUILT HOMES

$655,653

AVERAGE PRICE OF 237 HOMES WITH A POOL

$419,700

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $583,741
Avg Bedrooms 3.85 beds
Avg Bathrooms 3.5 baths

Average Price by Bedrooms

2 bedrooms $259,710
3 bedrooms $429,842
4 bedrooms $592,537
5 bedrooms $770,117
Hoover Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 355 331 356 404 441
Average Price $616,411 $627,628 $628,294 $616,330 $609,376
Avg Price Change -1.82% -0.11% +1.94% +1.14% +0.55%
Median Price $559,855 $574,270 $572,993 $564,012 $548,037
Med Price Change -2.57% +0.22% +1.59% +2.91% +2.47%
Avg Bedrooms 3.99 beds 4.04 beds 4.03 beds 3.99 beds 3.98 beds
Avg Bathrooms 3.54 baths 3.57 baths 3.61 baths 3.61 baths 3.59 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 420 $583,741 102 days
Distressed Homes 2 $499,950 88 days
Multi-Million Dollar Homes 30 $1,398,692 176 days
Newly Built Homes 215 $631,364 151 days
Homes with a Pool 237 $655,653 117 days
Reduced Price Homes 6 $419,700 40 days
Red Hawk Realty Group
1021 Brocks Gap Pkwy Ste. 125
Hoover, AL 35244
205-983-4295

Provided Courtesy Of Greater Alabama MLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed. Copyright ©2023 Greater Alabama MLS, Inc. All Rights Reserved. Data last updated: March 22, 2023
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