The housing market in Covington, TX is booming. The median value of a house in Covington is $287,000, which is significantly lower than the US median value of $338,100. What's even more impressive is that the 1 year appreciation rate of houses in Covington is 17.68%, which far exceeds the US appreciation rate of 8.27%. This indicates that Covington has an incredibly strong and vibrant housing market, making it a great place to invest right now.
The median home cost in Covington is $287,000. Home appreciation the last 10 years has been 119.4%. Home Appreciation in Covington is up 21.3%.
Average Age of Homes
- The median age of Covington real estate is 45 years old
The Rental Market in Covington
- Renters make up 15.9% 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.