Explore US City Hoover, AL - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots

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Median Price
$317,950

Market Insights

With only 2.5 months of inventory, Hoover remains a seller's market. Home prices have decreased 11.7% in the past month. With 2.5 months of supply, Hoover's inventory levels remain relatively tight. Homes are taking about 45 days to sell, which is 0 days longer than this time last year. A significant 30.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 12.5% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hoover market with the affordability index at 39.7. Based on current market indicators, home prices in Hoover are projected to increase by approximately 42.2% over the next month.

Demographics market for - Hoover, AL

Total Population -

86,581

Hoover, AL has a total population of 95,936 residents. The area is predominantly White (63.7%), African American residents comprise 16.4% of the community. with Asian residents representing 3.7%. The area shows moderate demographic diversity. With a mid-sized population, Hoover, AL provides a good balance of community feel and urban amenities.

White Race

71%

African American Race

18%

Mexican4% (4% of total population)
Puerto Rican0% (0% of total population)
Cuban0% (0% of total population)
Dominican0% (0% of total population)
Salvadoran0% (0% of total population)
Costa Rican0% (0% of total population)
Gautemalan0% (0% of total population)
Honduran0% (0% of total population)
Nicaraguan0%
Panamanian0% (0% of total population)
Argentinean0%
Bolivian0%
Chilean0%
Colombian0% (0% of total population)
Ecuadorian0% (0% of total population)
Peruvian0% (0% of total population)
Uruguyan0%
Venezuelan0% (0% of total population)

Indian2% (2% of total population)
Bangladeshi0% (0% of total population)
Chinese1% (1% of total population)
Bhutanese0%
Burmese0%
Filipino0% (0% of total population)
Hmong0%
Indonesian0%
Japanese0% (0% of total population)
Korean0% (0% of total population)
Laotian0%
Malaysian0%
Mongolian0%
Nepalese0% (0% of total population)
Pakistani0% (0% of total population)
Srilankan0%
Taiwanese0% (0% of total population)
Pakistani0% (0% of total population)
Srilankan0%
Taiwanese0% (0% of total population)
Thai0%
Vietnamese0% (0% of total population)

Hawaiian0% (0% of total population)
Samoan0%
Chamorro0%
Fijian0%
Marshallese0% (0% of total population)

Crime for City - Hoover, AL

Crime analysis for Hoover, AL shows 363 total incidents across all categories. The most prevalent crime type is Assault (51.8% of all incidents). This is followed by Property Crime at 37.7%. The crime rate in Hoover, AL is relatively low, with violent crimes being more common than property crimes. While crime exists, Hoover, AL maintains reasonable safety levels for most residents.

Burglary/Breaking & Entering3
Motor Vehicle Theft1
Destruction/Damage/Vandalism of Property10
Larceny/Theft Offenses110
Stolen Property Offenses13

Kidnapping/Abduction1
Sex Offenses2

Assault Offenses188

Robbery3

Counterfeiting/Forgery5
Embezzlement4
Fraud Offenses23

Real Estate Market Prediction for - Hoover, AL

Market predictions for Hoover, AL show an upward trend in home prices, with values increasing by 6.1%. This indicates a moderate but notable price trend. The current median home price in Hoover, AL is approximately $479,676.98. Based on current trends, home prices in Hoover, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.

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City Hotspots Map

Hoover, AL features 2 investment hotspots with varying levels of activity. The average nightly rate of $118 suggests an affordable market for travelers. The average rating of 3.9/5 indicates moderate guest satisfaction. With an average hotspot score of 0.76, these areas show good investment opportunities. With only 12 hotels, this represents an emerging market with potential for growth.

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Nearby Cities From- Hoover, AL

Indian Springs Village, AL

Vestavia Hills, AL

Pelham, AL

Meadowbrook, AL

Shoal Creek, AL

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