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Covington, VA Housing

 
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As of 2006-2010, median price of a house in Covington is $65,900, which is much lower than the state average of $249,100 and is much lower than the national average of $179,900. The Covington median house value has grown by 25.52% since 2000. The growth rate for the price of a house in Covington is much lower than the state average rate of 98.64% and is lower than the national average rate of 50.42%. The median year that a house in Covington was built is 1952, which is older than the median year for a house built in the state which is 1978 and is older than the median year for a house built in the USA which is 1975.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 1,814 Owner Occupied Houses in Covington, VA, #544
Covington, VA
65,900 USD
Virginia
255,100 USD
U.S.
188,400 USD
Median House Price Growth Since 2000, #315
Covington, VA
25.52%
Virginia
98.64%
U.S.
50.42%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2006-2010 data. View historical house value data.

Housing Occupancy

 Covington, VA%VirginiaU.S.
Total Housing Units3,067, see rank100%3,364,939131,704,730
Occupied Housing Units2,63285.82%, see rank90.82%88.62%
Owner Occupied1,81859.28%, see rank61.08%57.69%
Renter Occupied81426.54%, see rank29.74%30.93%
Vacant Housing Units43514.18%, see rank9.18%11.38%
For Rent1484.83%, see rank2.45%3.14%
For Sale Only431.40%, see rank1.33%1.44%
Rented or Sold, Not Occupied150.49%, see rank0.45%0.48%
For Seasonal, Recreational, or Occasional Use260.85%, see rank2.39%3.53%
For Migrant Workers00.00%, see rank0.02%0.02%
Other Vacant2036.62%, see rank2.54%2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #524
Covington, VAVirginiaU.S.
195219781975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2006-2010 data. View historical year structure built data.

Mortgage Status

 Covington, VA%VirginiaU.S.
Owner-Occupied Units1,814100%2,048,20976,089,650
With a Mortgage89249.17%, see rank72.76%67.94%
Without a Mortgage92250.83%, see rank27.24%32.06%

*Based on 2006-2010 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Covington, VA
934 USD
Virginia
1,728 USD
U.S.
1,524 USD

Owner Costs Distribution
Monthly Owner CostsCovington, VA%VirginiaU.S.
$299 or Less00.00%, see rank0.27%0.22%
$300 to $499808.97%, see rank1.75%1.85%
$500 to $69915317.15%, see rank4.35%5.39%
$700 to $99928131.50%, see rank11.06%14.41%
$1,000 to $1,49929533.07%, see rank22.79%27.08%
$1,500 to $1,999485.38%, see rank20.06%19.94%
$2,000 to $2,999171.91%, see rank24.00%19.39%
$3,000 or More182.02%, see rank15.73%11.73%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Covington, VA
22.70% of the Total Income
Virginia
24.50% of the Total Income
U.S.
25.00% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Covington, VA%VirginiaU.S.
10% or Less525.83%, see rank5.22%4.85%
10% to 20%31935.76%, see rank29.41%28.90%
20% to 30%26629.82%, see rank29.77%28.42%
30% to 40%11312.67%, see rank15.81%15.27%
40% or More14215.92%, see rank19.46%22.15%

*Based on 2006-2010 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Covington, VA
298 USD
Virginia
389 USD
U.S.
431 USD

Owner Costs Distribution
Monthly Owner CostsCovington, VA%VirginiaU.S.
$199 or Less12313.34%, see rank11.40%8.92%
$200 to $29934937.85%, see rank20.49%16.68%
$300 to $49937640.78%, see rank35.42%35.65%
$500 to $699525.64%, see rank17.97%20.07%
$700 or More222.39%, see rank14.73%18.68%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Covington, VA
12.00% of the Total Income
Virginia
10.90% of the Total Income
U.S.
12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Covington, VA%VirginiaU.S.
10% or Less38842.08%, see rank45.98%38.92%
10% to 20%27029.28%, see rank30.06%31.98%
20% to 30%15416.70%, see rank10.85%12.67%
30% to 40%252.71%, see rank4.79%5.90%
40% or More859.22%, see rank7.46%9.51%

*Based on 2006-2010 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Covington, VA%VirginiaU.S.
Total Housing Units3,098100%3,315,739130,038,080
1-unit, Detached2,43478.57%, see rank62.58%61.62%
1-unit, Attached481.55%, see rank10.28%5.74%
2 Units1534.94%, see rank1.70%3.88%
3 or 4 Units622.00%, see rank2.69%4.47%
5 to 9 Units190.61%, see rank4.80%4.84%
10 or More Units832.68%, see rank12.26%12.68%
Mobile Home, Boat, RV, Van, etc.2999.65%, see rank5.70%6.76%

*Based on 2006-2010 data. View historical units in structure data.

Rooms

 Covington, VA%VirginiaU.S.
Total Housing Units3,098100%3,315,739130,038,080
1 Room170.55%, see rank1.02%1.59%
2 Rooms351.13%, see rank1.74%2.62%
3 Rooms481.55%, see rank6.81%9.02%
4 Rooms55017.75%, see rank14.68%16.85%
5 Rooms84327.21%, see rank18.46%20.93%
6 Rooms63220.40%, see rank17.29%18.56%
7 Rooms43414.01%, see rank13.38%12.38%
8 Rooms2989.62%, see rank10.99%8.39%
9 Rooms or More2417.78%, see rank15.63%9.65%
Median Rooms5.60, see rank-5.905.50

*Based on 2006-2010 data. View historical rooms data.

Bedrooms

 Covington, VA%VirginiaU.S.
Total Housing Units3,098100%3,315,739130,038,080
No Bedroom170.55%, see rank1.17%1.84%
1 Bedroom1464.71%, see rank8.40%11.32%
2 Bedrooms1,29541.80%, see rank24.34%27.20%
3 Bedrooms1,19338.51%, see rank39.87%39.80%
4 Bedrooms42713.78%, see rank20.21%15.80%
5 or More Bedrooms200.65%, see rank6.00%4.04%

*Based on 2006-2010 data. View historical bedrooms data.

House Heating Fuel

 Covington, VA%VirginiaU.S.
Total Housing Units2,641100%2,974,481114,235,996
Utility Gas1,71664.98%, see rank34.66%49.91%
Bottled, Tank, or LP Gas1064.01%, see rank4.94%5.38%
Electricity65624.84%, see rank48.94%34.20%
Fuel Oil, Kerosene, etc.672.54%, see rank8.25%7.07%
Coal or Coke00.00%, see rank0.11%0.12%
Wood963.63%, see rank2.64%1.97%
Solar Energy00.00%, see rank0.02%0.03%
Other Fuel00.00%, see rank0.23%0.42%
No Fuel Used00.00%, see rank0.22%0.90%

*Based on 2006-2010 data. View historical house heating fuel data.

Gross Rent

Monthly RentalCovington, VA%VirginiaU.S.
Occupied Units Paying Rent710100%869,15135,969,315
$199 or Less00.00%, see rank2.45%2.25%
$200 to $299152.11%, see rank2.58%3.41%
$300 to $4998812.39%, see rank7.56%9.80%
$500 to $69936050.70%, see rank14.05%19.41%
$700 to $99913619.15%, see rank25.77%29.88%
$1,000 to $1,49911115.63%, see rank28.81%23.51%
$1,500 to $1,99900.00%, see rank11.70%7.56%
$2,000 or More00.00%, see rank7.08%4.16%
Median$599, see rank-$970$841

*Based on 2006-2010 data. View historical gross rent data.

Vehicle Available

 Covington, VA%VirginiaU.S.
Occupied Housing Units2,641100%2,974,481114,235,996
No Vehicles Available27410.37%, see rank6.26%8.85%
1 Vehicles Available1,02838.92%, see rank30.28%33.28%
2 Vehicles Available95736.24%, see rank38.24%37.87%
3 or More Vehicles Available38214.46%, see rank25.22%20.00%

*Based on 2006-2010 data. View historical vehicle available data.


 
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