Covington, IN Foreclosures
How much do homes sell for in Covington, IN?
The average home price is currently $244,141.
In Covington, IN, how many homes are available?
There are currently 5 active home listings available in Covington.
What’s the average rental cost in Covington, IN?
The average rental price in Covington is $1,129.
What is the most expensive home in Covington?
The most expensive home sold in Covington had a price of $2,313,878.
What is currently the cheapest priced home in Covington, IN?
The cheapest home for sale in Covington is priced at $10,395.
Living in Covington, IN
Covington, Indiana, is a welcoming small town perfect for families and individuals seeking a quiet lifestyle. With access to outdoor activities and local amenities, it boasts a strong community spirit. The town is served by reputable schools, making it an ideal place to settle down.
Current Market Conditions in Covington, IN
The Covington real estate market remains stable with a modest increase in home prices over the past year. The demand for properties, especially charming Victorian homes and single-family residences, has remained consistent, attracting buyers seeking a serene lifestyle away from the hustle and bustle of larger cities.
With several homes for sale that maintain reasonable price points, this community continues to be an attractive option for first-time buyers, retirees, and those looking for investment opportunities in the area.
The inventory of homes available is currently lower than the previous year, creating a competitive atmosphere for interested buyers, particularly in certain neighborhoods touted for their excellent schools and community engagement.
Home Value Estimator For Covington, IN
There are currently 2,307 real estate properties
in Covington, IN,
with a median automated valuation model (AVM) price
of $216,371.00. 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, IN, 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, IN,
is $244,141.00, with the most expensive house
in Covington, IN, topping out
at $2,313,878.00 and the cheapest home
in Covington, IN,
clocking in at $10,395.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Covington, IN!
Rent Prices
In Covington, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Covington, IN, is on
a rollercoaster ride. The
average rent price in Covington, IN,
is $1,129.00. Indeed, when looking to rent in
Covington, IN, you can expect to pay as little
as $560.00 or as much
as $2,360.00,
with the average rent median estimated to
be $1,120.00. The good news is that finding
an affordable and desirable property to rent in Covington, IN
-- 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.
Learn more on Foreclosure homes
