Foreclosure Homes in Covington, LA

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5 View this home at Trinchard Rd Covington LA 70435
Trinchard Rd
Covington, LA 70435
4 |
AUCTION: 04-23-2024
4 |
View this home at Joyce Dr Covington LA 70435
$5,366 List Price
Joyce Dr
Covington, LA 70435
AUCTION: 06-05-2024
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Covington, LA Foreclosures

How much do homes sell for in Covington, LA?
The average home price is currently $408,176.
In Covington, LA, how many homes are available?
There are currently 21,392 active home listings available in Covington.
What’s the average rental cost in Covington, LA?
The average rental price in Covington is $1,638.
What is the most expensive home in Covington, Louisiana?
The most expensive home sold in Covington had a price of $9,695,184.
What is currently the cheapest priced home in Covington, LA?
The cheapest home for sale in Covington is priced at $16,146.

Home Value Estimator For Covington, LA

There are currently 21,392 real estate properties in Covington, LA, with a median automated valuation model (AVM) price of $302,589.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Covington, LA, 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 Covington, LA, is $408,176.00, with the most expensive house in Covington, LA, topping out at $9,695,184.00 and the cheapest home in Covington, LA, clocking in at $16,146.00. In other words, there’s something for every potential homebuyer or savvy investor in Covington, LA!

Rent Prices In Covington, LA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Covington, LA, is on a rollercoaster ride. The average rent price in Covington, LA, is $1,638.00. Indeed, when looking to rent in Covington, LA, you can expect to pay as little as $730.00 or as much as $3,980.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Covington, LA -- 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 Covington, LA In 2024

Covington is located in St. Tammany, Louisiana, with an estimated municipal population of 10,564 residents. All of the best foreclosed homes for sale in Covington are located in the following zip code areas on 70433. The estimated population per square kilometer (.62 miles) in Covington is 505.

Cost Of Living In Covington, LA

So, about how much do homes cost in Covington? The most recent median value of resident-owned homes in Covington is 231,950. An estimated 69.4 percent of households in Covington own their homes, with an average family size of 3.04. The median household income in Covington is 71,548, with33.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Covington, the median commute time of resident workers (in minutes) is 24.4. And last, but certainly not least, are you looking for homes to rent in Covington? If so, the average rent price paid by renters in Covington is 959, according to recent statistics.

Diversity And Demographics In Covington, Louisiana

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 Covington, 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 Covington is 38.6, split between 50.8 percent male versus 49.2 female. The percentage of residents who report being married in Covington is 46.5, with an average family size of 3.04.

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

White 77.6%
Black / African American 18.9%
Asian 0.4%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 0.6%

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

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

Under 10 12.4%
Aged 10-19 12%
20s 11.8%
30s 15.6%
40s 11.1%
50s 13.5%
60s 11.7%
70s 8.1%
80+ 3.9%

Best Schools In Covington, Louisiana

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 Covington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Covington.

Pros And Cons Of Living In Covington, Louisiana

How do you know that living in -- or moving to -- Covington is right where you need to be? Perhaps you grew up in Covington or already live nearby; therefore, the decision to buy a home in Covington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Covington 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 Covington:

  • 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 Covington.

Reasons To Move To Covington, Louisiana, 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 Covington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Covington, meanwhile, can field multiple offers from more qualified buyers.

Covington, LA Foreclosures


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