Covington, WA—98042
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$698,000
1.8% YoY Growth
Household Income
$126,000
25.9% YoY Growth
Days on Market
43
37.0% Longer YoY
Home Price Forecast
-0.9%
Median Rent
$3,080
5.0% YoY Growth
1-Bed Rent
$1,650
58.7% YoY Growth
2-Bed Rent
$2,300
38.5% YoY Growth
3-Bed Rent
$3,000
2.3% YoY Growth
Home Price Trends — Covington, WA
As of May '26, the median home price in Covington, WA is $698,000, with a year-over-year change of -1.8%. This indicates that home prices in Covington, WA are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $698,000 | -1.8% |
| Single Family | $703,000 | -1.5% |
| Condos | $367,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |