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Foreclosure Homes in Hoover, AL

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Hoover, AL Foreclosures

How much do homes sell for in Hoover, AL?
The average home price is currently $479,289.
In Hoover, AL, how many homes are available?
There are currently 176 active home listings available in Hoover.
What’s the average rental cost in Hoover, AL?
The average rental price in Hoover is $1,894.
What is the most expensive home in Hoover?
The most expensive home sold in Hoover had a price of $18,645,100.
What is currently the cheapest priced home in Hoover, AL?
The cheapest home for sale in Hoover is priced at $10,955.

Living in Hoover, AL

Hoover, Alabama is a flourishing suburban community with a strong focus on family-friendly living. It features excellent schools, abundant shopping options, and a variety of recreational parks. The city combines peaceful suburban life with convenient access to urban amenities.

Current Market Conditions in Hoover, AL

The real estate market in Hoover remains robust with strong demand for homes across various price points. This demand is driven by the area's quality schools, extensive amenities, and its proximity to Birmingham, making it attractive for both new residents and investors alike.

Current trends indicate steady appreciation in property values as inventory remains relatively low compared to buyer interest. This trend suggests a strong investment potential for those looking to enter the Hoover real estate market.

Home Value Estimator For Hoover, AL

There are currently 18,523 real estate properties in Hoover, AL, with a median automated valuation model (AVM) price of $433,030.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hoover, AL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hoover, AL, is $479,289.00, with the most expensive house in Hoover, AL, topping out at $18,645,100.00 and the cheapest home in Hoover, AL, clocking in at $10,955.00. In other words, there’s something for every potential homebuyer or savvy investor in Hoover, AL!

Rent Prices In Hoover, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hoover, AL, is on a rollercoaster ride. The average rent price in Hoover, AL, is $1,894.00. Indeed, when looking to rent in Hoover, AL, you can expect to pay as little as $700.00 or as much as $3,740.00, with the average rent median estimated to be $1,820.00. The good news is that finding an affordable and desirable property to rent in Hoover, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Hoover, AL Foreclosures

Market Trend for Hoover, AL

Total Listings Available: 176

Market Values:

Home Prices from $10,955 to $18,645,100

Average Sales Price: $479,289

Rental Values:

Rental from $700 to $3,740

Average Rent Value: $1,894 / month

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