Hoover, Alabama is a part of the North Birmingham submarket area.
The 2019 average effective rent for Class A, B, and C apartments in the Hoover, AL submarket area was $1,020, which is 17.65% higher than 2014 average rent. This represents a compounded annual growth rate of 3.30%. 2019 vacancy in Hoover, AL was 4.90%.
The total population of the city of Hoover, AL has grown 4.27% since 2010. As of 2018, the population was 85,108. The median household income of the Hoover was $84,042, which is 39.39% higher than the national average.