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Foreclosures in Covington, LA

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Covington, LA Foreclosures

How much do homes sell for in Covington, LA?
The average home price is currently $416,489.
In Covington, LA, how many homes are available?
There are currently 13 active home listings available in Covington.
What’s the average rental cost in Covington, LA?
The average rental price in Covington is $1,637.
What is the most expensive home in Covington?
The most expensive home sold in Covington had a price of $36,485,552.
What is currently the cheapest priced home in Covington, LA?
The cheapest home for sale in Covington is priced at $12,047.

Living in Covington, LA

Covington, Louisiana, offers a charming suburban atmosphere with a blend of historic character and modern conveniences. The city boasts a variety of parks, vibrant downtown shops, and excellent schools, making it an ideal place for families and retirees alike. With its proximity to New Orleans, residents enjoy easy access to the excitement of the city while benefiting from the peacefulness of the Northshore lifestyle.

Current Market Conditions in Covington, LA

The Covington real estate market has shown steady growth over the past few years, with an increase in home values as more people are drawn to the Northshore lifestyle. The demand for homes has led to a competitive market, with many listings receiving multiple offers. The community's charm and amenities further bolster its appeal to prospective buyers.

As of late 2023, the average home price in Covington is around $350,000, reflecting a stable upward trend in the market. While inventory remains a challenge, new housing developments are emerging to meet the demand, especially among families looking for suburban homes.

Home Value Estimator For Covington, LA

There are currently 21,322 real estate properties in Covington, LA, with a median automated valuation model (AVM) price of $300,771.00. 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 $416,489.00, with the most expensive house in Covington, LA, topping out at $36,485,552.00 and the cheapest home in Covington, LA, clocking in at $12,047.00. 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 $1,637.00. 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.

Covington, LA Foreclosures


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