Zip 24426 (Covington, VA) Housing

Housing in Covington, VA (24426) is currently more affordable than the US median value of $338,100. With a median value of $131,200, Covington offers great housing opportunities for buyers looking for more affordable options. The 1 year appreciation rate for Covington has been 12.12%, which is much higher than the US average of 8.27%. This indicates that housing prices are rising quickly in this area, and now may be a good time to buy before prices become too high.

The median home cost in Covington (zip 24426) is $131,200. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Covington (zip 24426) is up 14.6%.

Average Age of Homes

- The median age of Covington (zip 24426) real estate is 55 years old

The Rental Market in Covington (zip 24426)

- Renters make up 15.7% of the Covington (zip 24426) population
- 0.4% of houses and apartments in Covington (zip 24426), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Covington, Virginia	United States
	7,164.0	139,647,020.0
	57	42
	$131,200	$338,100
	14.6%	16.6%
	44.9%	57.0%
	54.3%	101.1%
	$8.34	$10.98
	$847	$2,690
	66.8%	57.4%
	18.5%	11.2%
	14.7%	31.4%
Vacant Housing
	0.4%	1.9%
	0.2%	0.4%
	0.4%	0.7%
	0.4%	0.4%
	4.0%	3.6%
	13.2%	4.1%
Value of Owner-Occupied Housing
	9.5%	2.6%
	3.1%	2.4%
	12.9%	2.8%
	14.6%	3.9%
	9.2%	4.5%
	19.5%	11.3%
	12.2%	13.0%
	12.3%	20.1%
	3.2%	13.6%
	2.5%	8.3%
	0.7%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.8%	13.6%
	9.8%	13.6%
	9.5%	13.6%
	12.2%	13.2%
	10.4%	14.8%
	9.5%	13.6%
	12.4%	10.0%
	13.0%	4.7%
	19.8%	12.2%

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