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Covington, VA Real Estate


According to census data in the year 2000 there were 3,195 housing units in Covington. This represents a 2.3% decline from 3,269 in 1990.

Of those housing units, 3,195 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Covington is about 69.8%. Covington's vacancy rate, including seasonal lodging, is about 11.3%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Covington were built after 1951.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom8.80%
Two Bedrooms37.10%
Three Bedrooms40.40%
Four Bedrooms10.80%
Five Bedrooms or more2.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.31
Median year structure was built1953
Median Value of occupied units$52,500
Median Price asked for vacant units$35,800

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1945
Median Monthly Rent asked for vacant units$271

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.40%
Home Equity Loan4.30%
Simple Mortgage42.30%
Debt Free51%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.8%