Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 105,013, 32,285 total housing units (homes and apartments), and a median house value of $881,173, real estate costs in West Covina are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in West Covina, accounting for 65.11% of the city's housing units. Other types of housing that are prevalent in West Covina include large apartment complexes or high rise apartments ( 21.12%), row houses and other attached homes ( 8.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.36%).
The most prevalent building size and type in West Covina are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.84% owning and 38.16% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. West Covina's housing was primarily built during this period, from the '40s through the '60s. A full 51.05% of the city's housing hails from this era. Other housing ages represented in West Covina include homes built between 1970-1999 ( 40.57%) and housing constructed between 2000 and later ( 6.70%). There's also some housing in West Covina built before 1939 ( 1.68%).
Appreciation rates for homes in West Covina have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.94%, which ranks in the top 50% nationwide. This equates to an annual average West Covina house appreciation rate of 6.79%.
NeighborhoodScout's data show that during the latest twelve months, West Covina's appreciation rate, at 7.15%, has been at or slightly above the national average. In the latest quarter, West Covina's appreciation rate has been 2.09%, which annualizes to a rate of 8.62%.
Relative to California, our data show that West Covina's latest annual appreciation rate is higher than 60% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within West Covina differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Covina - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best West Covina real estate investment or home purchase decisions.
$881,173
for California
for nation
32,285
$3,494 / per month