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Covington, VA Housing

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As of 2010-2014, median price of a house in Covington is $66,000, which is much lower than the state average of $243,500 and is much lower than the national average of $175,700. The Covington median house value has grown by 25.71% since 2000. The growth rate for the price of a house in Covington is much lower than the state average rate of 94.18% and is lower than the national average rate of 46.91%. The median year that a house in Covington was built is 1949, which is older than the median year for a house built in the state which is 1980 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,853 Owner Occupied Houses in Covington, VA, #540

Covington, VA	66,000 USD
Virginia	243,500 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #332

Covington, VA	25.71%
Virginia	94.18%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Covington, VA	Virginia	U.S.
Total Housing Units	3,051, see rank, 100%	3,403,241	132,741,033
Occupied Housing Units	2,468, 80.89%, see rank	89.38%	87.55%
Owner Occupied	1,853, 60.73%, see rank	59.60%	56.34%
Renter Occupied	615, 20.16%, see rank	29.78%	31.21%
Vacant Housing Units	583, 19.11%, see rank	10.62%	12.45%
For Rent	33, 1.08%, see rank	2.10%	2.34%
For Sale Only	36, 1.18%, see rank	1.09%	1.20%
Rented or Sold, Not Occupied	69, 2.26%, see rank	1.20%	0.92%
For Seasonal, Recreational, or Occasional Use	127, 4.16%, see rank	2.67%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.02%	0.03%
Other Vacant	318, 10.42%, see rank	3.55%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #542

Covington, VA	Virginia	U.S.
1949	1980	1976

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

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Covington, VA	%	Virginia	U.S.
Owner-Occupied Units	1,853	100%	2,028,244	74,787,460
With a Mortgage	985	53.16%, see rank	71.14%	65.58%
Without a Mortgage	868	46.84%, see rank	28.86%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Covington, VA	794 USD
Virginia	1,742 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Covington, VA	%	Virginia	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.20%
$300 to $499	113	11.47%, see rank	1.45%	1.59%
$500 to $699	258	26.19%, see rank	3.72%	5.01%
$700 to $999	277	28.12%, see rank	10.40%	14.32%
$1,000 to $1,499	243	24.67%, see rank	23.15%	27.90%
$1,500 to $1,999	57	5.79%, see rank	21.20%	20.35%
$2,000 to $2,999	29	2.94%, see rank	24.77%	19.52%
$3,000 or More	8	0.81%, see rank	15.06%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Covington, VA	20.10% of the Total Income
Virginia	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Covington, VA	%	Virginia	U.S.
10% or Less	80	8.12%, see rank	6.18%	5.86%
10% to 20%	402	40.81%, see rank	32.74%	31.95%
20% to 30%	223	22.64%, see rank	29.30%	27.64%
30% to 40%	124	12.59%, see rank	13.96%	13.74%
40% or More	138	14.01%, see rank	17.46%	20.29%

*Based on 2010-2014 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	338 USD
Virginia	429 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Covington, VA	%	Virginia	U.S.
$199 or Less	77	8.87%, see rank	8.34%	7.76%
$200 to $299	216	24.88%, see rank	17.18%	14.70%
$300 to $499	405	46.66%, see rank	35.90%	34.63%
$500 to $699	114	13.13%, see rank	20.27%	21.16%
$700 or More	56	6.45%, see rank	18.31%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Covington, VA	11.80% of the Total Income
Virginia	10.80% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Covington, VA	%	Virginia	U.S.
10% or Less	374	43.09%, see rank	46.49%	40.19%
10% to 20%	238	27.42%, see rank	29.97%	31.47%
20% to 30%	67	7.72%, see rank	10.53%	12.24%
30% to 40%	79	9.10%, see rank	4.67%	5.64%
40% or More	105	12.10%, see rank	7.24%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Covington, VA	Virginia	U.S.
Total Housing Units	3,051, 100%	3,403,241	132,741,033
1-unit, Detached	2,680, 87.84%, see rank	61.97%	61.65%
1-unit, Attached	49, 1.61%, see rank	10.88%	5.82%
2 Units	101, 3.31%, see rank	1.67%	3.75%
3 or 4 Units	50, 1.64%, see rank	2.74%	4.43%
5 to 9 Units	30, 0.98%, see rank	4.64%	4.78%
10 or More Units	56, 1.84%, see rank	12.76%	13.08%
Mobile Home, Boat, RV, Van, etc.	85, 2.79%, see rank	5.34%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Covington, VA	Virginia	U.S.
Total Housing Units	3,051, 100%	3,403,241	132,741,033
1 Room	0, 0.00%, see rank	1.33%	1.95%
2 Rooms	24, 0.79%, see rank	1.73%	2.48%
3 Rooms	99, 3.24%, see rank	6.92%	9.13%
4 Rooms	428, 14.03%, see rank	14.48%	16.60%
5 Rooms	1,008, 33.04%, see rank	17.82%	20.41%
6 Rooms	520, 17.04%, see rank	16.80%	18.06%
7 Rooms	408, 13.37%, see rank	13.06%	12.27%
8 Rooms	302, 9.90%, see rank	10.92%	8.48%
9 Rooms or More	262, 8.59%, see rank	16.94%	10.60%
Median Rooms	5.50, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Covington, VA	Virginia	U.S.
Total Housing Units	3,051, 100%	3,403,241	132,741,033
No Bedroom	9, 0.29%, see rank	1.46%	2.17%
1 Bedroom	249, 8.16%, see rank	8.47%	11.16%
2 Bedrooms	1,256, 41.17%, see rank	23.83%	26.69%
3 Bedrooms	1,017, 33.33%, see rank	39.65%	39.70%
4 Bedrooms	468, 15.34%, see rank	20.28%	16.05%
5 or More Bedrooms	52, 1.70%, see rank	6.31%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Covington, VA	Virginia	U.S.
Total Housing Units	2,468, 100%	3,041,710	116,211,092
Utility Gas	1,576, 63.86%, see rank	33.74%	48.85%
Bottled, Tank, or LP Gas	50, 2.03%, see rank	4.51%	4.86%
Electricity	570, 23.10%, see rank	52.28%	36.68%
Fuel Oil, Kerosene, etc.	106, 4.29%, see rank	6.01%	5.86%
Coal or Coke	5, 0.20%, see rank	0.08%	0.12%
Wood	161, 6.52%, see rank	2.76%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	0, 0.00%, see rank	0.29%	0.47%
No Fuel Used	0, 0.00%, see rank	0.30%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Covington, VA	Virginia	U.S.
Occupied Units Paying Rent	534, 100%	957,686	39,201,928
$199 or Less	0, 0.00%, see rank	1.61%	1.50%
$200 to $299	0, 0.00%, see rank	2.46%	3.18%
$300 to $499	130, 24.34%, see rank	5.54%	7.37%
$500 to $699	226, 42.32%, see rank	10.39%	16.01%
$700 to $999	130, 24.34%, see rank	22.57%	29.17%
$1,000 to $1,499	48, 8.99%, see rank	30.50%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	15.76%	9.79%
$2,000 or More	0, 0.00%, see rank	11.16%	6.10%
Median	$600, see rank	$1,108	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Covington, VA	Virginia	U.S.
Occupied Housing Units	2,468, 100%	3,041,710	116,211,092
No Vehicles Available	116, 4.70%, see rank	6.38%	9.12%
1 Vehicles Available	1,162, 47.08%, see rank	30.54%	33.80%
2 Vehicles Available	770, 31.20%, see rank	38.24%	37.48%
3 or More Vehicles Available	420, 17.02%, see rank	24.84%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.