The Most Affordable Neighborhoods in Covina-Valley, Covina, CA by Home Value

 

Covina-Valley, Covina, CA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Covina-Valley area can be challenging. Home prices in Covina-Valley are now at a median cost of $742,605, higher than the Covina average of $717,233.

The average cost of rent is $2,021/mo in Covina-Valley, primarily driven by the current value of real estate in the Covina-Valley area. In Covina-Valley, 39.98% of households rent, and 30.81% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Covina-Valley is $8,541 per month. Households that rent pay about 23.67% of their income on rent here. Covina-Valley’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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