Hoover, AL Homes For Rent

Homes for Rent in Hoover, AL: What You Need to Know

Hoover is the largest suburb of Birmingham, located in north-central Alabama. It’s a city in its own right, with the economic benefit of being located in both Jefferson and Shelby counties.

Job Opportunities

The Birmingham-Hoover area is home to companies of all sizes in diverse industries, from manufacturing and technology to education and life sciences. The area has benefited from $3.9 billion in capital investment since 2011. Both Birmingham and Hoover are sprawled across Jefferson and Shelby counties. The top employers in the two counties include the University of Alabama at Birmingham (23,000 employees), Regions Financial Corporation (9,000 employees), St. Vincent’s Health System (5,100 employees), EBSCO Industries (1,600 employees), and American Family Care Inc. (1,400 employees), which is based in Hoover.

Local History

The city got its name from William H. Hoover, who moved his insurance company from Birmingham to the area in 1958. He was instrumental in bringing his employees and other new residents to the city. In 1980, Hoover grew in earnest when it annexed the Riverchase business and residential community. The city expanded even more when the Riverchase Galleria, a shopping, hotel, and business complex, opened in 1986. When Hoover was incorporated in 1967, its population was just over 400. Today, there are 85,768 people who live in Hoover.

Shopping Local

Riverchase Galleria is the epicenter of retail shopping in the region. More than 200 stores and over 20 restaurants occupy 2.4 million square feet of space. In addition to Riverchase Galleria, shopaholics will find plenty of great buys at Patton Creek Shopping Center and the Grove, both located in Hoover. 

Cost of Living

Your hard-earned dollars will stretch further in Hoover. The city’s cost of living rate, food, and housing costs are 6.6%, 9.6%, and 17.2 % lower than the national average, respectively. The median gross rent in the city is $1,123. As if Hoover’s affordable living cost isn’t enough, it also benefits from Alabama’s low taxes. The Yellowhammer State levies 2% to 5% in income tax and 4% to 11.50% in sales tax.

Know Your Neighborhoods

The Birmingham-Hoover area is one of the most inexpensive places to live in the Southeast, plus it boasts of a lot of green spaces. Hoover residents are proud of their highly ranked public schools and safe community. Other Birmingham suburbs with excellent schools include Homewood in Jefferson County and Indian Springs in Shelby County. They are within commuting distance of Hoover and Birmingham both.