Covington, VA Real Estate
According to census data in the year 2000 there were 3,195 housing units in Covington.
This represents a 2.3% decline from 3,269 in 1990.
Of those housing units, 3,195 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Covington is about 69.8%.
Covington's vacancy rate, including seasonal lodging, is about 11.3%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Covington were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 8.80% |
| Two Bedrooms | 37.10% |
| Three Bedrooms | 40.40% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $52,500 |
| Median Price asked for vacant units | $35,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $271 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.40% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 42.30% |
| Debt Free | 51% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
