Covington, LA Foreclosures
How much do homes sell for in Covington, LA?
The average home price is currently $417,344.
In Covington, LA, how many homes are available?
There are currently 12 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 $36,560,512.
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, LA is a charming city with a rich history and a vibrant community. Known for its beautiful parks and outdoor activities, Covington offers residents a quality of life that combines small-town warmth with modern conveniences. Ideal for families and nature lovers, Covington is situated just a short drive from New Orleans, providing the perfect balance of rural and urban living.
Current Market Conditions in Covington, LA
The real estate market in Covington, LA is currently experiencing a steady increase in demand. Home prices have seen a gradual rise as more people are looking to relocate to this desirable area. With its appealing amenities, excellent schools, and proximity to New Orleans, Covington continues to attract both families and retirees, creating a competitive market.
In the last year, the housing inventory in Covington has decreased, leading to increased prices and quicker sales of properties. The attractive neighborhoods and community features make it an ideal choice for homebuyers, further driving demand. Agents report that homes are selling above the asking price on average, suggesting a strong seller's market.
Home Value Estimator For Covington, LA
There are currently 21,324 real estate properties
in Covington, LA,
with a median automated valuation model (AVM) price
of $301,529.00. 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 $417,344.00, with the most expensive house
in Covington, LA, topping out
at $36,560,512.00 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.
Learn more on Foreclosure homes
