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Today: September 23, 2025

Current Price

$141,320

1 Month Forecast

$155,627

1-Year Forecast *

$166,067

5-Year Forecast *

$205,966

"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 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Covington" area is 205,966 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +45.74% meaning that investing 100000 USD today may yield a profit of 45,745 USD by 2030.

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: 2025-2031

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: $166,067* (upside of 17.5%)

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 166,067 USD in one year.

Is it profitable to invest in Covington homes?

Yes. The long-term profit potential is +17.51% 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 205,966 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 274,556 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 increased, 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 increased by 2.428% to 141,320 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 18.221% in 2020
  • 19.421% in 2021
  • 18.931% in 2022
  • 18.311% in 2023
  • 15.911% in 2024
  • 15.531% in 2025

Based on our Covington real estate market research and report the predicted sales prices will increase by 402.096% in the next 10 years.

Over the last 12 months, the value of homes in Covington fluctuated: increasing 10 times .

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

Below you will find the price predictions for 2025, 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 155627 140220 171034
September 2025 156750 143426 170073
October 2025 157881 144303 171458
November 2025 159020 146616 171423
December 2025 160167 148795 171539
Covington Housing Market Forecast with Real Estate Prices for 2026
January 2026 161323 153095 169550
February 2026 162487 148188 176785
March 2026 163659 154821 172497
April 2026 164840 154949 174730
May 2026 166029 156565 175493
June 2026 166710 158041 175379
July 2026 166067 153279 178854
August 2026 165426 155004 175847
September 2026 165068 150377 179759
October 2026 165406 152339 178473
November 2026 166600 151272 181927
December 2026 167802 151860 183743
Covington Housing Market Forecast with Real Estate Prices for 2027
January 2027 169012 157350 180674
February 2027 170232 153209 187255
March 2027 171460 160829 182090
April 2027 172697 163890 181505
May 2027 173943 158636 189250
June 2027 174937 163741 186133
July 2027 175351 164654 186047
August 2027 176097 160072 192122
September 2027 176695 166977 186413
October 2027 176248 166026 186471
November 2027 175568 158714 192423
December 2027 174891 162823 186958
Covington Housing Market Forecast with Real Estate Prices for 2028
January 2028 174826 163463 186190
February 2028 176088 165699 186477
March 2028 177358 167072 187645
April 2028 178638 169170 188106
May 2028 179506 164786 194225
June 2028 180794 164703 196885
July 2028 182099 167349 196849
August 2028 183412 173141 193684
September 2028 184483 168064 200902
October 2028 185044 171906 198183
November 2028 184842 175415 194269
December 2028 184820 172622 197018
Covington Housing Market Forecast with Real Estate Prices for 2029
January 2029 186153 169772 202535
February 2029 187496 178122 196871
March 2029 188849 178274 199425
April 2029 190212 177087 203336
May 2029 191584 173001 210168
June 2029 192558 178886 206230
July 2029 193672 179146 208197
August 2029 195069 180439 209699
September 2029 196477 179187 213767
October 2029 197894 184240 211549
November 2029 199322 183576 215069
December 2029 200472 183432 217512
Covington Housing Market Forecast with Real Estate Prices for 2030
January 2030 200985 187519 214451
February 2030 201302 189224 213380
March 2030 201829 190527 213131
April 2030 202180 186208 218153
May 2030 203026 192875 213177
June 2030 204491 191404 217578
July 2030 205966 195050 216883
August 2030 207453 196043 218862
September 2030 208949 195368 222531
October 2030 210457 190464 230450
November 2030 211975 190990 232961
December 2030 213505 195570 231439
Covington Housing Market Forecast with Real Estate Prices for 2031
January 2031 215045 195261 234829
February 2031 216597 195587 237607
March 2031 218160 199616 236703
April 2031 219054 203063 235045
May 2031 218209 199879 236538
June 2031 217367 196065 238668
July 2031 216897 203232 230561
August 2031 217341 201910 232772
September 2031 218909 204899 232919
October 2031 220489 209464 231513
November 2031 222079 206312 237847
December 2031 223682 207577 239787
Covington Housing Market Forecast with Real Estate Prices for 2032
January 2032 225296 210651 239940
February 2032 226921 207406 246436
March 2032 228558 215302 241815
April 2032 229864 211475 248253
May 2032 230408 212667 248149
June 2032 231389 216349 246429
July 2032 232175 208957 255392
August 2032 231588 209124 254052
September 2032 230694 215929 245458
October 2032 229803 207512 252094
November 2032 229719 215017 244421
December 2032 231377 213792 248961
Covington Housing Market Forecast with Real Estate Prices for 2033
January 2033 233046 213470 252622
February 2033 234728 217827 251628
March 2033 235868 219829 251907
April 2033 237561 218556 256565
May 2033 239275 221808 256742
June 2033 241001 221239 260763
July 2033 242408 219621 265194

> Page 2: detailed data / price table <

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* 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.