Short Sale Listings in Covina, CA

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View this home at E Calora St Covina CA 91724
$680,300 EMV
E Calora St
Covina, CA 91724
EST. RENT: $2,660
AUCTION: 05-21-2024
View this home at E Covina Blvd E Covina CA 91724
E Covina Blvd E
Covina, CA 91724
2 |
AUCTION: 04-26-2024
2 |
View this home at Bahia Dr Covina CA 91722
Bahia Dr
Covina, CA 91722
AUCTION: 04-16-2024
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Home Value Estimator For Covina, CA

There are currently 18,831 real estate properties in Covina, CA, with a median automated valuation model (AVM) price of $778,100.00. 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 $808,448.00, with the most expensive house in Covina, CA, topping out at $11,171,600.00 and the cheapest home in Covina, CA, clocking in at $136,902.00. In other words, there’s something for every potential homebuyer or savvy investor in Covina, CA!

Rent Prices 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.

Top Reasons To Live In Covina, CA In 2024

Covina is located in Los Angeles, California, with an estimated municipal population of 47,450 residents. All of the best foreclosed homes for sale in Covina are located in the following zip code areas on 91724 91722 91723. The estimated population per square kilometer (.62 miles) in Covina is 2,606.

Cost Of Living In Covina, CA

So, about how much do homes cost in Covina? The most recent median value of resident-owned homes in Covina is 509,820. An estimated 54.4 percent of households in Covina own their homes, with an average family size of 3.61. The median household income in Covina is 70,780, with32.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Covina, the median commute time of resident workers (in minutes) is 35.5. And last, but certainly not least, are you looking for homes to rent in Covina? If so, the average rent price paid by renters in Covina is 1,484, according to recent statistics.

Diversity And Demographics In Covina, California

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Covina, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Covina is 37.3, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Covina is 45.1, with an average family size of 3.61.

The percentage of residents who report their race in Covina is as follows:

White 56.6%
Black / African American 3.8%
Asian 13%
American Indian / Alaskan Native 2.2%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 5.1%
Other 19.3%

Looking for family-friendly neighborhoods in and/or near Covina? Or maybe you are searching for 55+ active adult communities in and/or near Covina?

The percentage of residents who report their age in Covina is as follows:

Under 10 11.8%
Aged 10-19 13.7%
20s 13.5%
30s 15.3%
40s 13.5%
50s 13.2%
60s 10.2%
70s 5.8%
80+ 3.2%

Best Schools In Covina, California

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Covina with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Covina.

Pros And Cons Of Living In Covina, California

How do you know that living in -- or moving to -- Covina is right where you need to be? Perhaps you grew up in Covina or already live nearby; therefore, the decision to buy a home in Covina is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Covina for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Covina:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Covina.

Reasons To Move To Covina, California, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Covina can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Covina, meanwhile, can field multiple offers from more qualified buyers.

Covina, CA Short Sale Listings


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