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Hove, SA 5048
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,440,000
market range $800K-$1.6M
Median Unit
$870,000
list-price estimate
Gross Yield (houses)
2.8%
1yr Growth (houses)
+8.7%
market range +2.5% to +25.0%
Investment snapshot for Hove
Hove has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Hove market and investor summary
In Hove, SA 5048, the median house sells for around $1.4M, on a gross rental yield of 2.8% for houses. House prices have moved +8.7% over the past year and +14.2% over three years. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.
Living in Hove: people, income and schools
Hove is home to around 3,189 people, and the area has been growing steadily, up about 6% over five years. At a median age of 51, it reads as an older, established demographic, and families account for 61% of households.
The typical household income runs to around $77,000 a year (about $1,480 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 18.7 times local household income, so affordability is a genuine constraint on local buyers.
Families have 35 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Hove sits about 12 km from the CBD. It is fairly car-dependent; the suburb scores 47 for walkability and 15 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 3,189
- +6% over 5yr
- Median age
- 51 years
- Median household income
- $77,000/yr
- Households renting
- 22%
- Family households
- 61%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 35
- avg ICSEA 1077
- Unemployment
- 2.2%
- Distance to CBD
- 12 km
- Walk score
- 47/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Hove
View all →Frequently asked questions about Hove
What should I check before investing in Hove?
Hove has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +8.7% in the past year shows strong recent price momentum. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Hove?
The median property price in Hove, SA 5048 is $1.4M for houses.
What rental yield does Hove show?
The gross rental yield in Hove is 2.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Hove?
House prices in Hove are up 8.7% over the past year and up 14.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Hove?
The current vacancy rate in Hove is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Hove?
Hove has a population of approximately 3,189 residents, with a median age of 51.
What schools are near Hove?
There are 35 schools within roughly 5km of Hove. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Hove affordable to buy in?
A median house in Hove costs about 18.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Hove's population growing?
The population of Hove has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Hove from the CBD?
Hove is about 12 km from the CBD.
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