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  1. Home
  2. /Browse ZIP Codes
  3. /California
  4. /Covina, CA - 91724

Covina, CA—91724

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$884,000
1.0% YoY Growth
Household Income
$102,000
22.2% YoY Growth
Days on Market
44
78.0% Longer YoY
Home Price Forecast
0.4%
Median Rent
$3,000
3.1% YoY Growth
1-Bed Rent
$2,420
53.9% YoY Growth
2-Bed Rent
$2,500
14.2% YoY Growth
3-Bed Rent
$3,350
7.0% YoY Growth

Other Zip Codes in Covina, CA

9172291723
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Covina, CA

As of May '26, the median home price in Covina, CA is $884,000, with a year-over-year change of 1.0%. This indicates that home prices in Covina, CA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$884,0001.0%
Single Family $909,0001.3%
Condos $544,000-1.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$529,000-2.0%
    3 Bed
    		$849,0000.7%
    4 Bed
    		$963,0001.5%
    5 Bed $1,351,1654.0%
    Loading chart...

    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    10.2%
    2 Bedrooms
    19.4%
    3 Bedrooms
    42.1%
    4 Bedrooms
    23.1%
    5+ Bedrooms
    2.8%

    Rental Trends — Covina, CA

    As of July '25, Rentcast reports the average rent in Covina, CA is $3,630, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Covina, CA is 1-bedrooms: $2,340, 2-bedrooms: $2,470, 3-bedrooms: $3,740, 4-bedrooms: $4,450. The most common rental property sizes in Covina, CA are 2-bedroom and 1-bedroom, accounting for 29.7% and 29.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,000$3,630
    Studio Rent N/AN/A
    1 Bed Rent $2,420$2,340
    2 Bed Rent $2,500$2,470
    3 Bed Rent $3,350$3,740
    4 Bed Rent $4,500$4,450
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    % of Rental Stock

    Studio
    5.7%
    1 Bedroom
    29.0%
    2 Bedrooms
    29.7%
    3 Bedrooms
    28.4%
    4 Bedrooms
    6.3%
    5+ Bedrooms
    0.9%

    Property Listings — Covina, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Covina, CA is 44. This is a increase of 78.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$949,000-4.0%
    Listing Count
    		5313.0%
    Listings as % of Homes0.4%13.0%
    Days on Market
    		4478.0%
    Loading chart...

    Demographics — Covina, CA

    As of the latest ACS Survey released in 2023, Covina, CA has a population of 28,100, which has increased by 7.7% over the past 5 years. Covina, CA is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 35.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,1007.7%
    % Under 18
    		20.4%-4.7%
    % Seniors
    		13.8%-9.8%
    % WFH
    		13.6%353.3%
    % w/ College Degree
    		35.5%19.5%
    Loading chart...

    As of the latest ACS Survey released in 2023, Covina, CA is a predominantly hispanic area, with 54.6% of the population identifying as hispanic. The hispanic population has grown by 5.2% in the last 5 years. The second most common race or ethnicity in Covina, CA is white, making up 22.2% of the population. Foreign-born residents account for 23.9% of the population in Covina, CA, and this percentage has decreased by 5.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		22.2%-17.2%
    % Black
    		4.8%33.3%
    % Hispanic
    		54.6%5.2%
    % Asian
    		14.5%-12.7%
    % Foreign Born
    		23.9%-5.9%
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    Mortgage and Risk — Covina, CA

    According to HUD data as of 2023, there were 307 mortgage originations in Covina, CA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Covina, CA. Investor activity is low, as 2.0% 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
    		307
    % Conventional Loans
    		90.0%
    % Government Loans
    		10.0%
    % Investor Loans
    		2.0%
    % 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 14.4%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Covina, CA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		415
    Total Units Section 8
    		415
    % Rentals under Section 8
    		14.4%
    % Occupied Section 8
    		94.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$120$2,420$2,300
    2 Bedroom$400$2,500$2,900
    3 Bedroom$330$3,350$3,680
    4 Bedroom-$410$4,500$4,090

    Affordability — Covina, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8
    Median Home Price$884,000
    Median Household Income$102,000

    Covina, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Covina, CA

    91723

    Glendora, CA

    91740

    West Covina, CA

    91791

    San Dimas, CA

    91773

    Covina, CA

    91722

    Frequently Asked Questions