Current Price

$141,320

1 Month Forecast

â–² $155,595

1-Year Forecast *

â–² $161,591

5-Year Forecast *

â–² $201,590

"Is it a good time to buy homes in Covington?" "Does investing in real estate in Covington (Virginia State, Alleghany County) worth it?" According to our live Forecast System, buying a house in Covington is a good short-term (1-year) investment*. The Covington average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Covington" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Covington in Virginia State, Alleghany County. If you are looking for homes for sale with good flipping profit, Covington can be a profitable property investment option. The median price of an average house in Covington was 141,320 USD on 2026-02-16. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Covington" area is 201,590 USD by 2031-02-16. For a 5-year investment the profit is expected to be around +42.65% meaning that investing 100000 USD today may yield a profit of 42,648 USD by 2031.

Current Median Listing Price: 141,320 USD Median Listing Price Per Square Foot: 79 USD

Covington Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Covington (Virginia State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Covington Price Target

Covington median home price target in 12 months: $161,591* (upside of 14.3%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $151,693 $154,512 $151,693 $154,512
2024 $129,751 $141,320 $129,735 $141,320
2023 $122,048 $129,892 $121,082 $129,892
2022 $112,266 $122,967 $112,266 $123,279
2021 $103,456 $110,999 $103,456 $112,523
2020 $89,858 $101,900 $89,858 $101,900
2019 $84,742 $89,749 $84,742 $89,749
2018 $86,537 $84,688 $84,433 $87,102
2017 $86,436 $85,920 $84,360 $86,680
2016 $0 $86,012 $0 $86,012
2015 $0 $0 $0 $0
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Covington Housing Market Forecast

How much does an average home cost in Covington today?

The value of an average home (the listing price) in Covington is $141,320 USD.

What is the average price per square foot in Covington?

According to Walletinvestor the median price per square foot in Covington is 79 USD.

Will the median listing price of homes in Covington grow / rise / go up?

Yes. The Covington home prices may rise from 141,320 USD to 161,591 USD in one year.

Is it profitable to invest in Covington homes?

Yes. The long-term profit potential is +14.34% in one year.

Will Covington house prices fall / drop?

No. See above.

What is the predicted price of a Covington home in 2030?

The predicted home sales price of a Covington home in 2030 in Covington is 192,211 USD.

What is the predicted price of a Covington home in 2035?

The predicted home sales price of a Covington home in 2035 in Covington is 248,690 USD.

Will real estate prices decrease in Covington?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Covington is the 4237. largest city in the United States, located in Virginia State.

During the last 12 months the real estate prices in Alleghany, Covington decreased, looking at the past 12 months.

According to Walletinvestor's Covington real estate market research, home values will increase in the next 12 months.

Median home values decreased by 7.372% to 141,320 USD, between 2025-02-16 and 2026-02-16

The average annual profit of property investment was:

  • 12.834% in 2021
  • 13.174% in 2022
  • 14.104% in 2023
  • 14.764% in 2024
  • 13.254% in 2025
  • 13.044% in 2026

Based on our Covington real estate market research and report the predicted sales prices will increase by 282.075% in the next 10 years.

Over the last 12 months, the value of homes in Covington fluctuated: increasing 5 times .

Covington (Virginia) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Covington Housing Market Forecast with Real Estate Prices for 2025
August 2025 155595 146571 164620
September 2025 156686 146345 167027
October 2025 157784 149737 165831
November 2025 158890 146656 171125
December 2025 160004 145604 174405
Covington Housing Market Forecast with Real Estate Prices for 2026
January 2026 160660 151824 169497
February 2026 160013 144492 175534
March 2026 159368 147575 171161
April 2026 159024 149800 168247
May 2026 159349 149470 169229
June 2026 160466 150036 170897
July 2026 161591 149310 173872
August 2026 162724 151496 173952
September 2026 163865 154197 173533
October 2026 165014 148677 181350
November 2026 166171 150052 182289
December 2026 167335 156124 178547
Covington Housing Market Forecast with Real Estate Prices for 2027
January 2027 168291 154492 182091
February 2027 168690 154520 182859
March 2027 169408 158566 180250
April 2027 169983 156554 183412
May 2027 169553 154802 184304
June 2027 168870 159413 178327
July 2027 168189 153052 183327
August 2027 168128 159385 176871
September 2027 169306 159148 179465
October 2027 170493 153785 187202
November 2027 171689 157610 185767
December 2027 172523 156651 188395
Covington Housing Market Forecast with Real Estate Prices for 2028
January 2028 173732 160702 186762
February 2028 174950 164453 185447
March 2028 176176 160321 192032
April 2028 177205 166750 187660
May 2028 177744 159970 195518
June 2028 177550 168672 186427
July 2028 177528 163504 191553
August 2028 178773 168404 189142
September 2028 180026 166344 193708
October 2028 181288 167329 195247
November 2028 182559 167772 197346
December 2028 183839 168948 198730
Covington Housing Market Forecast with Real Estate Prices for 2029
January 2029 184773 169807 199740
February 2029 185842 175063 196621
March 2029 187145 172173 202116
April 2029 188457 173569 203345
May 2029 189778 174975 204581
June 2029 191108 178877 203339
July 2029 192211 178372 206050
August 2029 192702 176515 208889
September 2029 193006 176408 209605
October 2029 193512 178224 208799
November 2029 193849 183769 203929
December 2029 194660 182591 206729
Covington Housing Market Forecast with Real Estate Prices for 2030
January 2030 196024 181715 210334
February 2030 197399 186147 208650
March 2030 198782 183476 214089
April 2030 200176 183762 216590
May 2030 201579 183034 220125
June 2030 202406 188845 215967
July 2030 201590 182842 220338
August 2030 200778 186723 214832
September 2030 200344 189726 210962
October 2030 200754 188107 213402
November 2030 202162 183361 220963
December 2030 203579 191568 215590
Covington Housing Market Forecast with Real Estate Prices for 2031
January 2031 205006 184915 225097
February 2031 206443 193850 219036
March 2031 207890 188972 226808
April 2031 209348 188622 230073
May 2031 210815 192264 229367
June 2031 212020 199299 224741
July 2031 212521 200408 224635
August 2031 213426 198700 228153
September 2031 214151 201730 226572
October 2031 213610 193317 233902
November 2031 212749 197644 227854
December 2031 211891 200025 223757
Covington Housing Market Forecast with Real Estate Prices for 2032
January 2032 211814 198681 224946
February 2032 213299 202207 224390
March 2032 214794 193315 236273
April 2032 216300 196400 236199
May 2032 217350 201918 232782
June 2032 218874 207711 230037
July 2032 220408 203657 237160

> Page 2: detailed data / price table <

Best Covington property forecast, Covington house price prediction, Covington housing forecast, Covington property investment tips, Covington prediction, Covington real estate analyst report, Covington property price forecast, Covington housing index forecast tomorrow, Covington real estate technical analysis, Covington property future price, Covington housing projections, Covington property market prognosis, Covington expected house price.
How will Covington house price increase? Will Covington real estate prices go up? Will Covington real estate prices fall? Will Covington house prices drop? Will Covington house prices rise? Is Covington housing price going up? Is it time to buy a Covington home? When will Covington house prices go down? When will Covington real estate prices drop?
* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.