West Covina, California Housing Market Prices
West Covina Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 12% above the California median$728,317
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Median rent 9% above the California median$2,227
Housing Market Overview
| Metric | West Covina | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $728,317 | $650,794 | $248,835 |
| Price Trend (Annual %) | 10.6% | 8.9% | 7.5% |
| Median Gross Rent | $2,227 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Covina is about 12% higher than in California. Rent is about 9% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in West Covina, up about 10.6% and 5.7% a year respectively. Home prices are changing faster.
Median rent in West Covina rose about 61.5% between 2015 and 2024, from $1,379 to $2,227. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 7.2 yearly household incomes in West Covina.
Buying the median-priced home in West Covina costs roughly 27.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in West Covina. The price-to-rent ratio in California is about 26.6.
| Metric | West Covina | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $728,317 | $650,794 | $248,835 |
| Median Household Income | $101,024 | $99,161 | $80,455 |
| Price-to-Income Ratio | 7.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in West Covina rose about 82.5%, while median household income rose about 46.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | West Covina | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.1% | 51.7% | 58.5% |
| Rental Rate | 37.1% | 40.8% | 31.2% |
| Vacancy Rate | 3.7% | 7.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
West Covina has a homeownership rate of 59.1%, higher than the California average of 51.7%. Its housing vacancy rate is 3.7%, compared with 7.5% in California.
Housing Stock
| Metric | West Covina | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.27 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1967 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.0 | 5.5 |
The typical housing unit in West Covina was built around 1967. On average, 3.3 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
West Covina, CA Housing Compared With Nearby Cities
How West Covina, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| West Covina, CA | 107,398 | $728,317 #1/2 | $2,227 #1/2 | 61.4% #1/2 |
| Covina, CA | 51,499 | $618,720 | $1,901 | 60.1% |
Frequently Asked Questions
Common questions about the housing market in West Covina, California.
What is the median home price in West Covina, California?
The median home price in West Covina, California is $728,317, higher than the California average of $650,794.
What is the average home price in West Covina, California?
The typical home price in West Covina, California, reported as the median sale price, is $728,317. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in West Covina, California?
The median gross rent in West Covina, California is $2,227 per month, higher than the California average of $2,036.
What was the median gross rent in West Covina in 2020?
In 2020, the median gross rent in West Covina, California was $1,720 per month.
What is the price-to-rent ratio in West Covina, California?
The price-to-rent ratio in West Covina, California is about 27.3, meaning it would take roughly 27.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in West Covina.
Are home prices or rent rising faster in West Covina, California?
Both home prices and rent are rising in West Covina, up about 10.6% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in West Covina, California?
59.1% of households in West Covina, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in West Covina, California?
The housing vacancy rate in West Covina, California is 3.7%, lower than the California average of 7.5%.
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