There are currently 18,832 real estate properties in Covina, CA, with a median automated valuation model (AVM) price of $777,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Covina, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Covina, CA, is $808,354.00, with the most expensive house in Covina, CA, topping out at $11,074,500.00 and the cheapest home in Covina, CA, clocking in at $136,789.00. In other words, there’s something for every potential homebuyer or savvy investor in Covina, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Covina, CA, is on a rollercoaster ride. The average rent price in Covina, CA, is $2,470.00. Indeed, when looking to rent in Covina, CA, you can expect to pay as little as $1,340.00 or as much as $6,080.00, with the average rent median estimated to be $2,440.00. The good news is that finding an affordable and desirable property to rent in Covina, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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