Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hoover area can be challenging. Home prices in Hoover are now at a median cost of $115,746, lower than the Indiana average of $175,617.
The average cost of rent is $684/mo in Hoover, primarily driven by the current value of real estate in the Hoover area. While nearly 47.32% of residents own their homes outright in Hoover, 15.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hoover is $4,975 per month. Households that rent pay about 13.75% of their income on rent here. Hoover's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Mexico, IN: less expensive homes
- New Waverly, IN: higher priced homes
- Twelve Mile, IN: equally priced homes
- Lewisburg, IN: higher priced homes
- Ridgeview, IN: higher priced homes
- Perrysburg, IN: equally priced homes
- Metea, IN: equally priced homes
- Peru, IN: less expensive homes
- Nead, IN: higher priced homes
- Onward, IN: higher priced homes
Cities with Similar Populations
- Stoneham, ME: higher priced homes
- St. Catharine, KY: higher priced homes
- St. Clement, MO: higher priced homes
- St. Xavier, MT: higher priced homes
- Stannard, VT: higher priced homes
- Starkville, CO: higher priced homes
- Starkville, NY: equally priced homes
- Steptoe, WA: higher priced homes
- Stockdale, IN: higher priced homes
- Squapan, ME: equally priced homes
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