The housing market in Covington township (Lackawanna County), PA is quite robust. The median value of homes in the area is $290,800, which is slightly lower than the US House Median Value of $338,100. However, the 1 year appreciation rate of 9.37% is higher than the US average of 8.27%. This indicates that Covington township (Lackawanna County), PA is an attractive location for potential home buyers and investors looking for a good return on their investment.
The median home cost in Covington township (Lackawanna County) is $290,800. Home appreciation the last 10 years has been 56.9%. Home Appreciation in Covington township (Lackawanna County) is up 15.2%.
Average Age of Homes
- The median age of Covington township (Lackawanna County) real estate is 39 years old
The Rental Market in Covington township (Lackawanna County)
- Renters make up 8.9% of the Covington township (Lackawanna County) population
- 0.0% of houses and apartments in Covington township (Lackawanna County), 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.