Covesville, VA—22931
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Covesville, VA
As of Oct '25, the median home price in Covesville, VA is $383,000, with a year-over-year change of 0.4%. This indicates that home prices in Covesville, VA are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $383,000 | 0.4% |
| Single Family | $382,000 | 0.5% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Covesville, VA
Covesville, VA 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 — Covesville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Covesville, VA is 83. This is a increase of 437.0% from last year, suggesting that homes are sitting on the market longer 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 | $470,000 | 36.0% |
Listing Count | 1 | -25.0% |
| Listings as % of Homes | 1.8% | -25.0% |
Days on Market | 83 | 437.0% |
Demographics — Covesville, VA
As of the latest ACS Survey released in 2023, Covesville, VA has a population of 219, which has decreased by -32.4% over the past 5 years. Covesville, VA is a moderately popular place for families, as children make up 19.2% of the population. The area has a highly educated workforce, with 53.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 36.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 219 | -32.4% |
% Under 18 | 19.2% | -23.2% |
% Seniors | 15.5% | 19.2% |
% WFH | 36.8% | 797.6% |
% w/ College Degree | 53.9% | -15.8% |
As of the latest ACS Survey released in 2023, Covesville, VA is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Covesville, VA is hispanic, making up 7.8% of the population. Foreign-born residents account for 7.8% of the population in Covesville, VA, and this percentage has increased by 420.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.2% | -1.1% |
% Black | 0.0% | N/A |
% Hispanic | 7.8% | 420.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 7.8% | 420.0% |
Mortgage and Risk — Covesville, VA
Covesville, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Covesville, VA
Covesville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $1,280 |
| 2 Bedroom | N/A | N/A | $1,520 |
| 3 Bedroom | N/A | N/A | $1,910 |
| 4 Bedroom | N/A | N/A | $2,350 |
Affordability — Covesville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $383,000 |
| Median Household Income | $107,000 |