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Covina

Learn about the people, housing, costs and businesses in Covina, California

Median Home$720,356
Median Rent$2,027/month
Population49,984
Leading IndustriesInformation & Media · Transportation · Finance & Insurance8% information & media
Home Value Growth+11.0% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners60% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableHigh Incomes$101k/year · top 16% nationally
Covina
CA

Frequently Asked Questions

What are today's mortgage rates in Covina?

As of today, the 30-year fixed mortgage rate for Covina is approximately 6.809% (6.842% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Covina?

The median home value in Covina is $720k. The median monthly rent is $2,027. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Covina?

Home values in Covina have increased 11.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Covina?

Based on a typical all-in ownership cost of $2,145/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $92k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Covina is $101k/year.

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What industries drive the economy in Covina?

The largest employment sectors in Covina are public administration (26%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.