Rent to Own Homes in Hoover

Hoover City Schools operates 10 elementary, three middle, and two high schools. Regarding quality education, Hoover's public schools rank fourth in Alabama. The average teacher-student ratio is 15:1.

The Hoover Fire Department figures prominently in community service, participating in Meals on Wheels and Operation Safe Place. Its fire stations provide free blood pressure checks and hundreds of child safety seats annually! Also top-rated are Hoover's hospitals, community organizations, and culture.

Major attractions are Aldridge Botanical Gardens, Moss Rock Preserve, and The Library Theater. Residents are just a 15-minute drive from downtown Birmingham and 30 minutes from the airport.

Buying a Home in Hoover

According to Sperling's Best Places, the median price for Hoover homes is $253,900. In the last year, home appreciation increased 2.6 percent. The property tax rate is $6.76 per $1,000 of home value. As an example, on a $253,900 home, your tax is roughly $1,716. Hoover's rate is considerably lower than the rest of the United States, at $11.80 per $1,000.

Median apartment rentals are $763 monthly for a studio, $870 for one bedroom, $1,010 for two bedrooms, $1,323 for three bedrooms, and $1,517 to rent four bedrooms.

Among your prospective neighbors, 33 percent are renters and 60 percent are married. Hoover attracts educated professionals employed in the fields of finance, banking, technology, medicine, and research. The majority hold positions in sales, management, and office support.

Popular Hoover Neighborhoods

Niche ranks Hoover at #2 among Alabama's best suburbs. Though mid-sized, Hoover embodies small town friendliness. Encompassing 20 desirable neighborhoods, these are especially popular:

Green Valley – This community is conveniently located five minutes from Riverchase, the library, and recreation center. Homes are situated on large lots, surrounding Star Lake and the Hoover Country Club. Your housing options are condos, townhouses, and single family homes. The business district is quickly accessible from nearby Highway 31.

Caldwell Crossings – If you prefer a one-level home, this is an ideal garden community, with brick houses built 12 years ago. You'll have rapid access to schools, shopping, restaurants, parks, churches, and recreation facilities. The neighborhood is highly walkable, with streetlights and sidewalks.

Trace Crossings – The homes here are enchanting, atop sloping hills on Hoover's west side. Lakefront properties are also available. Amenities include on-site schools, tennis courts, and clubhouses. Just 10 minutes away are Riverchase, Publix, and I-459.

Rent-to-Own Homes in Hoover, AL

You can purchase a rent-to-own home with a lease option. Even if you've been turned down for a loan, you can qualify for this type of agreement. You'll sign a contract, pledging monthly rent to the homeowner, with part of it applying to a future home purchase.

A contract typically lasts two to five years, buying time to build a down payment and upstanding credit record. You can also lock in the price and terms at the outset, enabling a home purchase below market price in just a few years.

Hoover, AL Cost of Living

According to Career Trends, the overall cost of living for the Hoover-Birmingham area is 5 percent lower than the US average. Food accounts for the greatest expense, and housing costs rank lowest.

Summary

Hoover is a mid-sized city with small town hospitality. Nestled in the Appalachian foothills, its beauty is enthralling! Hoover's thriving economy is partly due to Riverchase Galleria, one of the largest shopping centers in the Southeast.

Well-planned neighborhoods also contribute to Hoover's appeal, among them Green Valley, Caldwell Crossings, and Trace Crossings. The city's public schools rank fourth in Alabama.

Residents have a strong sense of community. While enjoying Hoover's relaxed lifestyle, you'll be 15 minutes from downtown Birmingham. A rent-to-own lease option gives you time to build a down payment and solid credit record. Within five years, you can be a happy Hoover homeowner!