Fort Covington, NY—12937
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Covington, NY
As of Oct '25, the median home price in Fort Covington, NY is $110,000, with a year-over-year change of -8.9%. This indicates that home prices in Fort Covington, NY are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $110,000 | -8.9% |
| Single Family | $110,000 | -8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $115,000 | -8.0% |
4 Bed | $130,000 | -3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fort Covington, NY
Fort Covington, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fort Covington, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Covington, NY is 93. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $199,000 | 122.0% |
Listing Count | 6 | 7.0% |
| Listings as % of Homes | 0.8% | 7.0% |
Days on Market | 93 | -21.0% |
Demographics — Fort Covington, NY
As of the latest ACS Survey released in 2023, Fort Covington, NY has a population of 1,340, which has decreased by -34.5% over the past 5 years. Fort Covington, NY is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 14.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,340 | -34.5% |
% Under 18 | 25.0% | -19.6% |
% Seniors | 21.1% | 81.9% |
% WFH | 11.2% | 30.2% |
% w/ College Degree | 14.1% | -4.7% |
As of the latest ACS Survey released in 2023, Fort Covington, NY is a predominantly white area, with 91.1% of the population identifying as white. The white population has grown by 37.2% in the last 5 years. The second most common race or ethnicity in Fort Covington, NY is asian, making up 0.1% of the population. Foreign-born residents account for 0.6% of the population in Fort Covington, NY, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.1% | 37.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 0.6% | -66.7% |
Mortgage and Risk — Fort Covington, NY
According to HUD data as of 2023, there were 22 mortgage originations in Fort Covington, NY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Fort Covington, NY. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Fort Covington, NY
Fort Covington, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,260 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Fort Covington, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $110,000 |
| Median Household Income | $49,300 |