Home prices
The median home in Hoover costs $291,000. It is roughly $35,640 (13%) higher compared to the surrounding areas.Compared to the United States as a whole it is roughly $73,500 (33%) higher, and compared to the city of Birmingham is about $199,900 (219%) higher.
Rents
Hoover's median rent is $1,123 a month. In comparison to its nearby areas it is roughly $31 (2%) higher.It is approximately $61 (5%) higher in comparison to the country as a whole, and it is approximately $286 (34%) higher compared to the city of Birmingham.
Nearby places
Pelham
Pelham is Hoover's neighbor to the southeast. Its real estate prices are a lot less expensive. The median home in Pelham is valued at $189,000, which is $102,000 (53%) lower than Hoover. Rents there are similar. The median monthly rent in Pelham is $1,119, which is very similar to Hoover.
Meadowbrook
Meadowbrook is Hoover's neighbor to the east. The real estate prices there are fairly similar. The median home in Meadowbrook is valued at $299,200, which is $8,200 (2%) higher than Hoover. Its rents are a little more expensive. In Meadowbrook the median rent is $1,406 per month, which works out to $283 (20%) higher than Hoover.
Homewood
Homewood is Hoover's neighbor to the north. Housing prices there are a little more expensive. The price of the median home in Homewood is $347,800, which is $56,800 (16%) higher than Hoover. The rent there is similar. In Homewood the median rent is $1,112 per month, which is very similar to Hoover.
Vestavia Hills
Vestavia Hills is Hoover's neighbor to the northeast. Housing prices there are a bit more expensive. The median home in Vestavia Hills is valued at $376,200, which is $85,200 (22%) higher than Hoover. The rent there is a little more expensive. In Vestavia Hills the median rent is $1,218 per month, which is $95 (7%) higher than Hoover.
Lipscomb
Lipscomb is roughly 7 miles northwest from Hoover. The housing prices there are substantially less expensive. The median home value in Lipscomb is $64,600, which is $226,400 (350%) lower than Hoover. Its rents are significantly less expensive. Lipscomb's median monthly rent is $606, which works out to $517 (85%) lower than Hoover.
