Market Snapshot
- Median listing price
- $440K
- Median rent
- $2,295/mo
- Days on market
- 40 days
- Gross rental yield
- 6.26%
The median listing price in Hoover, AL ZIP 35244 is $439,900 as of November 2026.
The median market rent in Hoover, AL ZIP 35244 is $2,295/month as of November 2026.
The median days on market in Hoover, AL ZIP 35244 is 40 days as of November 2026. The market is currently neutral.
At a median list price of $439,900 and a median rent of $2,295/month, the gross rental yield in Hoover, AL ZIP 35244 is 6.26% as of November 2026.
Hoover, AL 35244 Real Estate Market Report
ZIP Code: 35244
Report Date: November 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Hoover, AL are approximately 7.17%, which is 1.0% higher than the 6.17% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market indicator is the median sold price: 74,000, which serves as the most reliable recent transaction benchmark and suggests realized market value in current trades; stable transaction benchmark.
- There is a pronounced spread between the median listing price (439,900) and the median sold price (74,000), which may indicate pricing friction or a gap between seller expectations and recently achieved sale prices; pricing disconnect.
- Liquidity appears moderate: the median days on market is 40, which suggests a measured sales pace rather than rapid turnover and may signal moderate transaction volume or cautious buyer activity; moderate velocity.
- Market conditions are broadly neutral with flat price and rent trends and elevated interest rate pressure—market temperature is neutral, price year-over-year trend is flat, rent year-over-year trend is flat, and interest rate pressure is elevated; this combination suggests affordability headwinds despite stable local fundamentals and balanced local market.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Quick sale indicating strong buyer demand and competitive market conditions.
Sold above market average
Quick sale indicating strong buyer demand and competitive market conditions.
Sold above market average
Sold at market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 7.18% rate, 0.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 11/11/2026
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