Median real estate price in the City Center of Covington is $73,124, which is less expensive than 98.0% of Virginia neighborhoods and 93.3% of all U.S. neighborhoods.
The average rental price in Covington City Center is currently $922, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.6% of Virginia neighborhoods.
Covington City Center is a suburban neighborhood (based on population density) located in Covington, Virginia.
Real estate in the City Center of Covington, VA is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Covington City Center. The current real estate vacancy rate here is 18.7%. This is higher than the rate of vacancies in 82.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.