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Covina, CA—91722

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$744,000
0.8% YoY Growth
Household Income
$98,000
26.6% YoY Growth
Days on Market
60
17.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$3,250
2.0% YoY Growth
1-Bed Rent
$2,000
28.5% YoY Growth
2-Bed Rent
$2,150
12.6% YoY Growth
3-Bed Rent
$3,500
4.1% YoY Growth

Other Zip Codes in Covina, CA

9172491723
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Covina, CA

As of Dec '25, the median home price in Covina, CA is $744,000, with a year-over-year change of -0.8%. This indicates that home prices in Covina, CA are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$744,000-0.8%
Single Family $749,000-0.9%
Condos $562,000-1.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$628,000-0.5%
    3 Bed
    		$738,000-1.1%
    4 Bed
    		$776,000-0.9%
    5 Bed $852,880-1.3%
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    % of Housing Stock

    Studio
    2.6%
    1 Bedroom
    7.9%
    2 Bedrooms
    20.0%
    3 Bedrooms
    48.9%
    4 Bedrooms
    17.3%
    5+ Bedrooms
    3.4%

    Rental Trends — Covina, CA

    As of July '25, Rentcast reports the average rent in Covina, CA is $3,050, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Covina, CA is 1-bedrooms: $2,120, 2-bedrooms: $2,150, 3-bedrooms: $3,590, 4-bedrooms: $3,280. The most common rental property sizes in Covina, CA are 2-bedroom and 3-bedroom, accounting for 29.4% and 28.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,250$3,050
    Studio Rent N/AN/A
    1 Bed Rent $2,000$2,120
    2 Bed Rent $2,150$2,150
    3 Bed Rent $3,500$3,590
    4 Bed Rent $3,500$3,280
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    % of Rental Stock

    Studio
    7.8%
    1 Bedroom
    23.3%
    2 Bedrooms
    29.4%
    3 Bedrooms
    28.7%
    4 Bedrooms
    10.2%
    5+ Bedrooms
    0.6%

    Property Listings — Covina, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Covina, CA is 54. This is a increase of 10.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$720,000-4.0%
    Listing Count
    		3917.0%
    Listings as % of Homes0.4%17.0%
    Days on Market
    		6017.0%
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    Demographics — Covina, CA

    As of the latest ACS Survey released in 2023, Covina, CA has a population of 34,100, which has decreased by -4.5% over the past 5 years. Covina, CA is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		34,100-4.5%
    % Under 18
    		19.4%-21.8%
    % Seniors
    		14.0%14.8%
    % WFH
    		10.2%277.8%
    % w/ College Degree
    		22.7%6.6%
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    As of the latest ACS Survey released in 2023, Covina, CA is a predominantly hispanic area, with 64.5% of the population identifying as hispanic. The hispanic population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Covina, CA is asian, making up 15.4% of the population. Foreign-born residents account for 31.1% of the population in Covina, CA, and this percentage has increased by 5.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		13.7%-18.9%
    % Black
    		3.6%63.6%
    % Hispanic
    		64.5%-1.4%
    % Asian
    		15.4%14.9%
    % Foreign Born
    		31.1%5.4%
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    Mortgage and Risk — Covina, CA

    According to HUD data as of 2023, there were 327 mortgage originations in Covina, CA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Covina, CA. Investor activity is low, as 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		327
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		17.0%
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    Rentals and Section 8 — Covina, CA

    As of 2024, the percent of homes in Covina, CA under the Section 8 program is 4.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Covina, CA, because HUD payments exceed market rent, while 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		134
    Total Units Section 8
    		134
    % Rentals under Section 8
    		4.4%
    % Occupied Section 8
    		88.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$150$2,000$2,150
    2 Bedroom$560$2,150$2,710
    3 Bedroom-$60$3,500$3,440
    4 Bedroom$320$3,500$3,820

    Affordability — Covina, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7
    Median Home Price$744,000
    Median Household Income$98,000

    Covina, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Covina, CA

    91723

    West Covina, CA

    91791

    West Covina, CA

    91790

    Covina, CA

    91724

    Glendora, CA

    91740

    Frequently Asked Questions