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Short Sale Listings in Covington, VA

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Covington, VA Foreclosures

How much do homes sell for in Covington, VA?
The average home price is currently $181,958.
In Covington, VA, how many homes are available?
There are currently 1 active home listings available in Covington.
What’s the average rental cost in Covington, VA?
The average rental price in Covington is $972.
What is the most expensive home in Covington?
The most expensive home sold in Covington had a price of $2,809,800.
What is currently the cheapest priced home in Covington, VA?
The cheapest home for sale in Covington is priced at $16,060.

Living in Covington, VA

Covington, Virginia is a small city located in the heart of the Allegheny Mountains. Known for its rich history and close-knit community, Covington offers a charming small-town atmosphere with easy access to outdoor recreational activities such as hiking and fishing. The city's historic downtown area features unique shops and local dining options, making it an appealing place to live and visit.

Current Market Conditions in Covington, VA

The real estate market in Covington, VA has been steadily improving, driven by an increase in interest from potential homebuyers seeking affordable housing options in a beautiful, serene setting. With homes typically priced lower than the national average, Covington is becoming an attractive alternative for families and retirees looking for a peaceful lifestyle away from the hustle and bustle of larger cities. The inventory of homes available for sale has shown slight fluctuations, providing opportunities for buyers while retaining a sense of community integrity.

Home Value Estimator For Covington, VA

There are currently 6,054 real estate properties in Covington, VA, with a median automated valuation model (AVM) price of $152,322.00. 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, VA, 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, VA, is $181,958.00, with the most expensive house in Covington, VA, topping out at $2,809,800.00 and the cheapest home in Covington, VA, clocking in at $16,060.00. In other words, there’s something for every potential homebuyer or savvy investor in Covington, VA!

Rent Prices In Covington, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Covington, VA, is on a rollercoaster ride. The average rent price in Covington, VA, is $972.00. Indeed, when looking to rent in Covington, VA, you can expect to pay as little as $460.00 or as much as $2,340.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Covington, VA -- 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, VA Short Sale Listings

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