Covington, Washington has a median housing value of $571,200, which is significantly higher than the US median housing value of $338,100. Despite this difference in median values, the 1 year appreciation rate of houses in Covington, WA is only slightly lower than the national average at 7.43%, compared to 8.27%. This indicates that Covington's housing market is relatively stable and resilient in comparison to the rest of the nation.
The median home cost in Covington is $571,200. Home appreciation the last 10 years has been 167.2%. Home Appreciation in Covington is up 14.8%.
Average Age of Homes
- The median age of Covington real estate is 30 years old
The Rental Market in Covington
- Renters make up 18.1% of the Covington population
- 0.3% 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.