West Covina, CA is known for its high housing costs. The median value of a home in West Covina is $758,000, which is significantly higher than the national median of $338,100. Additionally, the appreciation rate of homes in West Covina is 9.53%, which is higher than the US average rate of 8.27%. This has resulted in an increasingly competitive market for prospective homebuyers in West Covina and a steady increase in property values over the past year.
The median home cost in West Covina is $758,000. Home appreciation the last 10 years has been 130.1%. Home Appreciation in West Covina is up 17.2%.
Average Age of Homes
- The median age of West Covina real estate is 52 years old
The Rental Market in West Covina
- Renters make up 33.8% of the West Covina population
- 1.5% of houses and apartments in West Covina, 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.