Hoover, AL Real Estate
According to census data in the year 2000 there were 27,046 housing units in Hoover.
This represents a 58.7% growth from 17,038 in 1990.
Of those housing units, 26,381 were located in either urbanized areas or urban clusters, and 665 were located in what is classified as a rural area.
Homeownership rate in Hoover is about 66.3%.
Hoover's vacancy rate, including seasonal lodging, is about 7%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Hoover were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 11.60% |
| Two Bedrooms | 21.90% |
| Three Bedrooms | 34% |
| Four Bedrooms | 25.70% |
| Five Bedrooms or more | 5.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $178,600 |
| Median Price asked for vacant units | $141,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1985 |
| Median Monthly Rent asked for vacant units | $685 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 16.30% |
| Simple Mortgage | 55.40% |
| Debt Free | 20.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
