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

Hoover, AL has a median modeled monthly cash flow of $-1,542 and a median cap rate of 2.8%, on a median sold price of $480,000. Prices changed +0.0% year over year.

What is the average cap rate in Hoover, AL?

The median cap rate across recently sold homes in Hoover, AL is 2.8%, 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 $480,000 (about $195 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.

$480,000Median sold price

$195Median $/sqft

2.8%Median cap rate

$-1,542Modeled cash flow / mo

+0.0%Appreciation YoY

9.0Months of supply

1,209Active listings

1,610Sold (last 12 mo)

What the Hoover numbers say

In Hoover, AL, the median home sold for $480,000 (about $195 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-1,542 of monthly cash flow. Sold prices moved +0.0% over the past year. Inventory sits at about 9.0 months of supply — a looser, buyer-friendly market. 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.