Covington, WA housing market
The typical Covington home is worth about $653,000, down 1.9% in a year, 10% above the Washington typical home. Homes typically sell in 25 days, close to asking.
Home values, sales, trends and how Covington compares with the towns next door — updated as new data is published.
Covington at a glance
A seller's market
Supply is tight — about 2.2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Covington | Washington |
|---|---|---|
| 2017 | $357,000 | $326,000 |
| 2018 | $398,000 | $362,000 |
| 2019 | $424,000 | $390,000 |
| 2020 | $441,000 | $413,000 |
| 2021 | $509,000 | $471,000 |
| 2022 | $620,000 | $554,000 |
| 2023 | $639,000 | $572,000 |
| 2024 | $652,000 | $582,000 |
| 2025 | $686,000 | $605,000 |
| 2026 | $668,000 | $601,000 |
| August 2026 | $653,000 | $592,000 |
Covington and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Covington | $653K | −1.9% | 25 | $134,502 |
| Lake Morton-Berrydale | — | — | 7 | $129,833 |
| Kent | $636K | −1.1% | 17 | $92,302 |
| Shadow Lake | — | — | — | $152,552 |
| Maple Valley | $771K | −2.2% | 12 | $152,885 |
4.9 years of income
The typical Covington home costs about 4.9 years of the town's median household income, less than across Washington (6 years).
How Covington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
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. Listings link to their publishers.