The housing market in Covington, OK is quite modest compared to the US House Median Value. The median value for a house in Covington is $75,800, while the median value for a house in the US is $338,100. While the US has seen an 8.27% increase in housing appreciation over the past year, Covington has only seen an increase of 1.16%. This suggests that the housing market in Covington is not as lucrative as other areas of the US and may be less attractive to potential buyers.
The median home cost in Covington is $75,800. Home appreciation the last 10 years has been 41.1%. Home Appreciation in Covington is up 4.7%.
Average Age of Homes
- The median age of Covington real estate is 60 years old
The Rental Market in Covington
- Renters make up 22.4% of the Covington population
- 0.0% of houses and apartments in Covington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.