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Hoover city, AL

ZIP 35242 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 35242

Median Home Value
$452,300
Median Rent
$1,217
Affordability Snapshot
$124,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,905/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

31.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 35242 in Hoover city, AL, a household would need roughly $124,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,905. That is roughly in line with the local median household income ($116,053). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
73.2%+12% vs US avg
x
Vacancy Rate
6.0%-41% vs US avg
x
Broadband Access
95.1%+9% vs US avg
x
4+ Bedrooms
14.9%+1% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
25.5%-49% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$452,300
Home Value
$1,217
Rent
1998
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.3%
  • 1-unit attached6.0%
  • 2-9 units8.4%
  • 10+ units17.2%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$452,300
Median rent$1,217
Owner-occupied73.2%
Vacant6.0%
Price-to-income3.9x
Est. income to buy$124,000