Is Hoover, AL a good place to invest in rental property?

Hoover, AL has a median modeled monthly cash flow of $-1,854 and a median cap rate of 2.4%, on a median sold price of $465,000. Prices changed +2.1% year over year.

What is the average cap rate in Hoover, AL?

The median cap rate across recently sold homes in Hoover, AL is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hoover, AL?

The median sold price in Hoover, AL is $465,000 (about $196 per square foot).

Investing in Hoover, AL Real Estate

A data-driven snapshot of the Hoover, AL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$465,000Median sold price

$196Median $/sqft

2.4%Median cap rate

$-1,854Modeled cash flow / mo

+2.1%Appreciation YoY

6.2Months of supply

992Active listings

1,917Sold (last 12 mo)

What the Hoover numbers say

In Hoover, AL, the median home sold for $465,000 (about $196 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-1,854 of monthly cash flow. Sold prices moved +2.1% over the past year. Inventory sits at about 6.2 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Alabama markets to compare

See Hoover cash-flowing listings

CashFlowRE ranks every for-sale home in Hoover, AL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hoover deals, or browse the national market data.