Rent to own Homes in Hoover, AL
Hoover, Alabama, is the largest suburb of Birmingham. Hoover straddles Jefferson and Shelby Counties in north central Alabama. The city incorporated in 1968 with a population of 410 people. Today, according to the United States Census Bureau 2010 population count, Hoover has more than 81,000 residents. Located in the foothills of the Appalachian Mountains, Hoover's growth results from its planned communities and well laid out neighborhoods. Other factors include a highly educated workforce and easy commute to Birmingham. One of the nation's largest mixed-use centers, The Riverchase Galleria, is in Hoover. This development has 2.4 million square feet or retail floor space. The shopping complex is one of the largest in the Southeast. In addition to a shopping mall, Riverchase Galleria has space for offices and hotels. If you're looking for a new place to settle down, Hoover is a good place in the Birmingham area to start.
Hoover, AL is a great place for affordable rent-to-own homes! With a median household income of over $92,984 and a median rent of $1,155, the Hoover, AL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Hoover, AL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Hoover, AL Property Resources
Rent to own Homes in Cities Near Hoover, AL
- Adamsville
- Alabaster
- Bessemer
- Birmingham
- Brantleyville
- Brierfield
- Brighton
- Brook Highland
- Brookside
- Calera
- Center Point
- Chelsea
- Clay
- Columbiana
- Concord
- Dunnavant
- Eagle Point
- Edgewater
- Fairfield
- Forestdale
- Fultondale
- Grayson Valley
- Graysville
- Harpersville
- Helena
- Highland Lakes
- Hoover
- Hueytown
- Indian Springs Village
- Irondale
- Kimberly
- Lipscomb
- Midfield
- Montevallo
- Morris
- Mountain Brook
- Mount Olive
- North Johns
- Pea Ridge
- Pinson
- Quinton
- Shoal Creek
- Sylvan Springs
- Tarrant
- Trussville
- Vandiver
- Warrior
- West Jefferson
- Westover
- Wilton
Neighborhoods in Hoover, AL
Riverchase rent to own homes Greystone rent to own homes Hoover rent to own homes Helena rent to own homesPopular Zip Codes in Hoover, AL
35236 rent to own homes 35242 rent to own homes 35244 rent to own homes 35226 rent to own homesBuying a Home in Hoover, AL
Hoover, AL is seeing rapid growth and Hoover, AL's' housing market remains not optimal with an average home price that is 37% above the 2024 national average. Hoover, AL is part of Shelby county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Shelby is 0.47% which is below the national average, which is 0.99%.
Median Home Price in Hoover, AL
Median Rent in Hoover, AL
Top Reasons to Live in Hoover AL
Housing Statistics Hoover is a wealthy city; only 6.4 percent of its residents fall below the poverty line, compared to the national average of 17.6 percent. In 2005, seventy percent of the population was homeowners. There are 27,046 homes in Hoover. The median value of a home that is owner occupied is $178,600. Occupied homes number 25,147. Of these, 16,666 are owner occupied and 8,481 are rental units. The average median rent in Hoover is $712.
Hoover Nightlife Birmingham is only a fifteen-minute drive from Hoover. As a larger city, there are more choices for fun things to do at night, so most residents of Hoover looking for nightclubs tend to make the trip. Dave's Pub is a comfortable old brick building in town with an outdoor patio that is alive and jumping during nice weather. Locals flock here to hang out in a neighborly bar with a friendly ambiance, Couples that want to enjoy a night of dancing take the short drive to Nana Funks to hear great DJs play the tunes they love. The crowd here is full of twenty-somethings. A favorite for Hoover residents is Birmingham's oldest martini bar, the Blue Monkey. Always ranked number 1 in annual the reader's poll by Black and White, the bar is in the heart of Birmingham's historic Southside district. In addition to the best martini for miles around, an eclectic food menu and amazing choice of cigars offer great options for everyone.
Hoover Largest Employers and Industries The healthcare industry, education, and finance are the three top industries in Hoover. Blue Cross and Blue Shield of Alabama has its headquarters in Hoover and has more than 3,000 employees. The next largest employer is the Hoover Board of Education with 1,773 workers. Regions Financial holds third place with 1,765 people staffing their Hoover operations center. Other large employers are AT&T Inc., the City of Hoover, Walmart and BE&K Engineering.
Hoover Neighborhoods Hoover is a great city that is continuing to grow. Here are some neighborhoods you should know about: