Sell Your Commercial Property In Hoover, AL

Who rents in Hoover

The 2020–2024 American Community Survey counts 92,642 residents in Hoover and 37,002 occupied homes, of which 10,680, or 28.9%, are rented, about the statewide share of 29.8% (ACS). What sets Hoover apart is income. The city's median household income is $109,253, roughly 70% above the Alabama median of $63,999, which supports rents well above the state median.

Our Hoover page points to office employers along the U.S. 280 and Interstate 459 corridors. Regions describes its corporate headquarters as downtown Birmingham with operations centers close by in Hoover. Health care adds commuters: UAB reports 46,804 jobs directly employed or supported in FY2022, which it says makes it the state's largest employer, and Hoover is within commuting distance of the campus. The Riverchase Galleria retail district adds hourly jobs inside the city.

Rents and affordability

Median gross rent in Hoover is $1,457, about $450 above the statewide median and above HUD's efficiency, one-bedroom and two-bedroom Fair Market Rents for the metro. High incomes do not eliminate cost pressure: 44.0% of renter households spend 30% or more of income on rent and utilities, and 2,283, about 21.4%, spend half or more.

Source: HUD Fair Market Rents, Birmingham-Hoover HMFA. Because HUD sets one schedule for the whole metro, Hoover's median rent runs above most of it, and a Hoover rent roll should be judged against local comparables rather than the metro schedule.

The apartment stock

Hoover has 39,594 housing units. Detached houses make up 26,580, or 67.1%, and two- to four-unit buildings are rare, only 1,102 units. Buildings with five or more units hold 10,104 units, 25.5% of the total, more than double the statewide share of 11.7%. The size mix centers on mid-size complexes: 3,027 units in buildings of 5 to 9 units, 4,353 in buildings of 10 to 19, 1,404 in buildings of 20 to 49 and 1,320 in properties of 50 or more. The median housing unit was built in 1994, young by Alabama standards, so many complexes are now at the age where second-generation renovations of kitchens, baths and HVAC come due.

Riverchase, Ross Bridge, Bluff Park and Trace Crossings sit in different parts of the city, and whether a building is on the Jefferson or Shelby side of the county line changes its tax bill, as the next section shows.

Property taxes on apartment buildings in Jefferson and Shelby counties

Apartments are Class II property in Alabama, assessed at 20% of appraised value (ADOR). The state's October 2025 millage table lists the city of Hoover's levy at 30.5 mills in both counties. On the Jefferson County side, adding 6.5 state mills, 13.5 county mills and the 22.1-mill school total for the Hoover districts gives about 72.6 mills; Jefferson also charges a $15 storm water fee on Class 2 property in most districts. On the Shelby County side, 6.5 state, 7.5 county and 22.0 school mills plus the city levy total about 66.5 mills. For a $3 million building, assessed at $600,000, that is roughly $43,560 a year in Jefferson County and $39,900 in Shelby, a gap of about $3,660.

Counties reappraise one quarter of parcels each year, and owners have 30 days after a valuation notice to protest (ADOR). The HB73 cap limits yearly growth in taxable assessed value of Class II property to 7% through the fiscal year beginning October 1, 2027, but it ends on a change of ownership (ADOR). The deed tax is $0.50 per $500 of value conveyed (§ 40-22-1), about $3,000 on a $3 million sale with no assumed mortgage. Because the cap resets, a long-held building whose taxable value has been held down will show a higher tax line in a buyer's model than on your last bill, and that difference comes out of the price.

Landlord rules

Alabama bars local rent control (§ 11-80-8.1). Under the Alabama Uniform Residential Landlord and Tenant Act, deposits are capped at one month's rent, with extra deposits allowed for pets or alterations, and must be returned or itemized within 60 days or the landlord owes double (§ 35-9A-201). A nonpayment notice can end the lease no sooner than 7 business days after the tenant receives it (§ 35-9A-421).

What this means if you own a building here

Hoover buildings sell on rent level and condition. Buyers will compare your rents with the $1,457 citywide median and with newer complexes, and will recompute taxes on a new appraisal at the rate for your side of the county line. A 1990s complex with original interiors and rents below the citywide median offers a buyer renovation upside; one already renovated and leased near the top of the market will be priced more on its in-place income. Skyline Capital Investments buys 5+ unit buildings in Hoover and across the Birmingham metro. You can estimate your building's value, check capital gains on a sale, or request an offer.