Quick facts: Hoover, AL

Quick Facts

90.3
Cost of Living
below US average
92,435
Population
22.05
Crime Rate per 1000
below US average
$101,765
Median Income
above US average
$600,000
Median House Price
above US average
$2401.86
Average Rent
above US average
7%
Poverty Rate
below US average
2.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $101,765.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $600,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $101,765
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Income Needed to Rent

⚠ Stretch
$103k/year
Based on $2401.86/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $103k vs median $101,765
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hoover, AL

Hoover, Alabama, is a vibrant city located in Jefferson and Shelby counties, just south of Birmingham. Known for its family-friendly atmosphere and excellent amenities, Hoover boasts a population of around 85,000 residents. The city features numerous parks, including the popular Moss Rock Preserve, which offers hiking trails and natural beauty. Hoover is renowned for its shopping options, primarily concentrated at the Riverchase Galleria, one of the largest malls in the Southeast, featuring a variety of retail stores, dining options, and entertainment venues. The city's dining scene is diverse, ranging from local favorites to national chains. Education is a priority in Hoover, with public schools known for their quality and excellent academic performance. The city is also home to several private institutions and higher education options nearby. Recreational opportunities abound, with sports facilities, community events, and a strong emphasis on outdoor activities. Hoover offers a suburban feel while remaining close to the urban amenities of Birmingham, making it an attractive location for families and professionals alike. With a blend of recreational, cultural, and economic advantages, Hoover stands as a desirable place to live in Alabama.

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