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These days, finding an affordable place to live in the Covina area can be challenging. Home prices in Covina are now at a median cost of $565,349, lower than the California average of $648,235.
The average cost of rent is $1,696/mo in Covina, primarily driven by the current value of real estate in the Covina area. While nearly 29.73% of residents own their homes outright in Covina, 40.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covina is $7,236 per month. Households that rent pay about 23.44% of their income on rent here. Covina's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Citrus, CA: equally priced homes
- Vincent, CA: less expensive homes
- Glendora, CA: higher priced homes
- Azusa, CA: equally priced homes
- West Covina, CA: equally priced homes
- San Dimas, CA: equally priced homes
- Irwindale, CA: less expensive homes
- Walnut, CA: higher priced homes
- Valinda, CA: equally priced homes
- Baldwin Park, CA: less expensive homes
Cities with Similar Populations
- Kenner, LA: less expensive homes
- Yorba Linda, CA: higher priced homes
- Corvallis, OR: less expensive homes
- Sanford, NC: less expensive homes
- Warren, OH: less expensive homes
- Troy, NY: less expensive homes
- The Colony, TX: less expensive homes
- Rome, GA: less expensive homes
- Portland, ME: less expensive homes
- Waterloo, IA: less expensive homes
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