According to statistics, the population in Hoover, AL amounts to 84,150, which shows decline 0% compared to the previous year. The median age of the city’s residents is 38. The average household income is $81,038, shifting growth 4% from the past year, and the average property value in Hoover, AL growth 1% to $271,600 throughout the year.
|Number Of Employees||43,885|
|Median Property Value||$271,600|
The average household income in Hoover, AL grew from $78,056 to $81,038 in the past year. This data is an estimate based upon 32,936 households in Hoover, AL . The chart below presents how household income is distributed in Hoover, AL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Hoover, AL shifted from $268,100 to $271,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hoover, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hoover, AL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hoover, AL compared to median property taxes around the country. The prevalent amount of property taxes in Hoover, AL equals $1150, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Hoover, AL increased by 6.5% to $572,418.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 14% to $107,400. Asking price for 2-bed apartment also increased by 2% and a place of this size will now cost you $205,169. A 3-bed apartment goes for $442,116, it increased by 7.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 10.7% and made it up to $718,173.
Price reports demonstrate that house price increased by 9.8% this month making it up to $646,410. Condos faced an upward trend these days. The median price for a condo decreased by 26.9%, it’s now available for $196,580. The price dynamics of lofts changed, it decreased by 23.3%, the price tag now starts at $540,610. The property value of townhouses decreased by 8.4%, you’ll have to spend around $328,361 to get one.