Covelo, CA housing market
The typical Covelo home is worth about $265,000, down 3.7% in a year, 65% below the California typical home.
Home values, sales, trends and how Covelo compares with the towns next door — updated as new data is published.
Covelo at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Covelo | California |
|---|---|---|
| 2017 | $287,000 | $453,000 |
| 2018 | $345,000 | $501,000 |
| 2019 | $338,000 | $539,000 |
| 2020 | $401,000 | $551,000 |
| 2021 | $433,000 | $607,000 |
| 2022 | $435,000 | $703,000 |
| 2023 | $375,000 | $727,000 |
| 2024 | $324,000 | $758,000 |
| 2025 | $293,000 | $782,000 |
| 2026 | $273,000 | $767,000 |
| August 2026 | $265,000 | $764,000 |
7.7 years of income
The typical Covelo home costs about 7.7 years of the town's median household income, about the same as across California (7.7).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,540
HUD's Fair Market Rent for a two-bedroom in Covelo is $1,540 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Covelo pay a median of $1,281, so moving in tends to cost more than staying put. A two-bedroom takes about 53% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,140 · 4 bedrooms $2,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (95428; Mendocino County, CA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.