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Affordable
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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 $497,038, higher than the Missouri average of $246,641.
The average cost of rent is $1,362/mo in Hoover, primarily driven by the current value of real estate in the Hoover area. In Hoover, 17.80% of households rent, and 18.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hoover is $10,963 per month. Households that rent pay about 12.42% of their income on rent here. Hoover’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Platte City, MO: less expensive homes
- Farley, MO: less expensive homes
- Tracy, MO: less expensive homes
- Woodruff, MO: less expensive homes
- Waldron, MO: equally priced homes
- Fort Leavenworth, KS: less expensive homes
- Ferrelview, MO: less expensive homes
- Leavenworth, KS: less expensive homes
- Lansing, KS: less expensive homes
- Weatherby Lake, MO: equally priced homes
Cities with Similar Populations
- Wallsburg, UT: higher priced homes
- Brunswick, MI: less expensive homes
- Buckland, OH: less expensive homes
- Butterfield, MN: less expensive homes
- Cadiz, IN: less expensive homes
- Cannon Ball, ND: less expensive homes
- Compton, MD: less expensive homes
- Copeland, ID: higher priced homes
- Verdi, TX: less expensive homes
- Wallace, CA: higher priced homes
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