Housing in Covington, WA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$635,000
Median List Price
$792,000
Price Per Sq Ft
$380
Days on Market
46
Active Inventory
45
Months of Supply
2.6
Seller's market
Zillow Home Value
$660,760
ZHVI — January 2026
Zillow Rent Index
$2,347
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
29.4%
Off Market in 2 Weeks
55.0%
Sale-to-List Ratio
99.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
17
New Listings
27
Pending Sales
20
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$380
Median List $/SF
$329
Covington vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Covington is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$590,100
Median Rent
$2,220
Total Housing Units
7,499
Vacancy Rate
2.3%
Owner Occupied
79.1%
Renter Occupied
20.9%
Median Property Tax
$5,429
per year
Monthly Cost (w/ Mortgage)
$2,249
Housing Types
The current median sale price in Covington, WA is $635,000 according to Redfin data. Homes spend a median of 46 days on the market. 29.4% of homes sold above asking price. The market has 2.6 months of supply. The median price per square foot is $380. Zillow's observed rent index is $2,347/month. About 79.1% of housing units are owner-occupied. The median year homes were built is 1994. There are 7,499 total housing units.