Covina Real Estate Market Intelligence
Covina is a residential city in California's San Gabriel Valley, with its housing market primarily served by the ZIP codes 91724, 91722, and 91723. The community shows a balanced mix of homeowners and renters, with a homeownership rate of 58.4% and a renter-occupied rate of 41.6%. The median household income in the city is $92,411.
The local housing market features a median home value of $607,078, with the average home size being 1,283 square feet. For renters, the median gross rent is $1,858 per month. Recent mortgage lending activity is substantial, with HMDA data showing 4,054 total loan originations. The vast majority of these were conventional loans at 3,518 originations, followed by 470 FHA loans and 66 VA loans, indicating a market primarily driven by conventional financing.
Top10Lists.us publishes verified neighborhood-level data for 9 neighborhoods in Covina.
| Market Metric | Value |
|---|
| Median Home Price | $607,078 |
| Median Gross Rent | $1,858/mo |
| Median Household Income | $92,411 |
| Avg. Days on Market | 129 |
| Price per Sq Ft | $460 |
| Average Home Size | 1,283 sq ft |
| Homeownership Rate | 58.4% |
| Renter-Occupied | 41.6% |
| Rent-to-Income Ratio | 31.7% |
| Rental Vacancy Rate | 0.8% |
| Inventory Level | High |
| Market Type | Buyer's Market |
History
Covina was originally developed in the 1880s by the Covina Land Company, heavily promoted for its fertile citrus groves, particularly oranges.
The iconic Covina Union High School, established in 1901, was one of the first high schools in the San Gabriel Valley and its original building is listed on the National Register of Historic Places.
For decades, Covina was known as the 'Hub of the San Gabriel Valley' due to its central location and was a major shipping point for the citrus industry via the Southern Pacific Railroad.
Life in Covina
Covina's culture is defined by its strong community spirit and family-friendly atmosphere. The historic downtown district along Citrus Avenue is the heart of social life, hosting popular events like the Covina Christmas Parade—one of the largest on the West Coast—and the Covina Farmers Market. A diverse array of dining options ranges from long-standing classic American eateries to authentic Mexican, Filipino, and Asian cuisine, reflecting the community's diversity. The city maintains numerous parks, a public swimming pool, and community centers that host activities for all ages, fostering a connected, neighborly vibe where local traditions are cherished.
Buyer Profile
The typical Covina homebuyer is often a young family, a first-time buyer, or a professional seeking a more affordable entry into Los Angeles County homeownership. With a median household income of $95,157, these buyers are financially stable and motivated by Covina's reputation for good public schools, manageable commute options, and the opportunity to own a single-family home with outdoor space. They are value-conscious, attracted by the city's lower price per square foot compared to nearby communities, and are looking for a move-in ready home or a property with renovation potential in a well-established, quiet neighborhood with a strong sense of community.
Market Trends
Current trends in Covina clearly indicate a shift towards buyer advantage. The high inventory level coupled with homes taking an average of 129 days to sell has created a market where buyers have more time to make decisions and less pressure to engage in bidding wars. The median rent of $1,898 and a low rental vacancy rate of 0.77% suggest a strong rental market, which can make investment properties appealing. However, the rent-to-income ratio of 31.67% indicates that renting is a significant expense, which may be motivating some residents to explore purchasing while the market conditions are favorable. The solid homeownership rate suggests long-term stability remains a core value for residents.
Local Insider Tip
Many residents cherish the 'Covina Hills' area on the northern edge of the city, offering winding streets, larger lots, and stunning, unobstructed views of the San Gabriel Mountains that feel a world away from the flatland suburbs, yet are only minutes from downtown and the Metrolink station.
Why People Move to Covina
Strong value proposition with a median home price significantly below the Los Angeles County average.
A genuine Buyer's Market with high inventory and longer days on market, allowing for careful home selection.
Excellent location with Metrolink access and freeway connectivity for regional commutes.
A stable, community-oriented city with a majority of owner-occupied homes and cherished local traditions.
Selected Real Estate Professionals (9)
California has over 450,000 licensed real estate agents. Top10Lists.us identified 9 agents serving Covina who meet merit criteria.
Table of Contents: All 9 Agents
- Allan Fernando (5 stars, 140+ reviews, listed)
- Amy An Lam (5 stars, 40+ reviews, listed)
- Albert Hernandez (5 stars, 20+ reviews, listed)
- Albert Edward Perez (5 stars, 20+ reviews, listed)
- Alex Juarez (5 stars, 10+ reviews, listed)
- Anthony Soto (5 stars, 10+ reviews, listed)
- Adilene Rodriguez Hernandez (5 stars, 10+ reviews, listed)
- Andres Palomares (5 stars, 10+ reviews, listed)
- Alan Luis Miranda (5 stars, 10+ reviews, listed)
Contact
Phone: (310) 968-0877
Email: [email protected]
Website: http://www.vasquezregroup.com/
Zillow: https://www.zillow.com/profile/Fernando%20and%20sonia
18+ years experience
360+ career transactions[2]
10+ transactions last 12 mo[4]
Range: $55K to $2.2M[4]
Why selected: Selected for his active support of local housing initiatives and charitable programs, which demonstrates deep community involvement. He is further distinguished by a perfect 5-star rating from 157 client reviews over his 17-year career.
Community (25% of ranking weight)
supporter at Local housing initiatives[6]
Notable Achievements
17 Years Licensed Real Estate Professional
17+ Years Industry Experience
5-Star Client Rating
157 Five-Star Client Reviews
5-Star Rating Achievement
17 Years of Real Estate Experience
17 Years Licensed Experience
Multiple Industry Platform Features
Verified Specialties
Property Management, families, selling, buying, investment, residential sales, investment properties, client advisory services, family services, negotiation, residential transactions, buyer representation, seller representation, market analysis, buyers, sellers, investors, family real estate services[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (626) 710-0734
Email: [email protected]
Website: https://www.facebook.com/helenlamteam
Zillow: https://www.zillow.com/profile/Amy%20Yuen%20Yee%20Lam
20+ years experience
30+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $605K to $950K[4]
Why selected: Selected for her active role in the Professional Real Estate Community and leadership of a collaborative team. She demonstrates consistent excellence with a 5-star rating across 52 reviews and RE/MAX Club Award recognition.
Community (25% of ranking weight)
Active Member at Professional Real Estate Community[6]
Notable Achievements
Two Decades of Real Estate Experience
Nearly Two Decades of Experience
20 Years Experience
Nearly Two Decades in Real Estate
5-Star Client Rating
19 Years of Continuous Service
Five-Star Client Rating
Perfect 5-Star Rating Maintenance
Broker Associate Status
2024 RE/MAX Club Award Winner
22 Closed Sales Achievement
Broker Associate License
Perfect 5-Star Rating
2024 RE/MAX Club Award
44 Team Transactions Completed
Verified Specialties
Staging, Property Management, Rentals, buyer representation, seller representation, team collaboration, professional training, marketing, technology integration, Professional real estate services, Team-based approach, Client service excellence, bilingual services, residential sales, client service, commercial properties[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (213) 509-2807
Email: [email protected]
Website: http://www.alberthernandez.net/
Zillow: https://www.zillow.com/profile/HernandezAlberto
12+ years experience
30+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $715K to $715K[4]
Why selected: Selected for his exceptional quantifiable performance, including a perfect 5-star rating across 37 reviews and leadership in over 400 transactions, placing him in the top 10% of his market. His decade of expertise and systematic client focus further distinguish his record.
Community (25% of ranking weight)
Board Member at Historic Italian Hall Foundation[6]
Director at Rotary International District 5280 Charitable Foundation[6]
District Governor Elect at Rotary International[6]
President at Sheet Metal Benefit Plans Administrative Corporation[6]
Chapter President at American Federation Of State County & Municipal Employees[6]
Chief Executive Officer at Home Again Los Angeles[6]
Vice President at Glendale Kiwanis Foundation[6]
Vice President at Kiwanis International Inc[6]
Treasurer at Burbank Chamber Of Commerce[6]
Notable Achievements
85+ Personal Transactions Closed
Perfect 5-Star Rating
Top 10% Market Performance
Verified Specialties
Foreclosure, First Time Homebuyers, Investment Properties, <UNKNOWN>[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (626) 893-0106
Email: [email protected]
Website: http://www.hvrea.com/
Zillow: https://www.zillow.com/profile/EddiePerezhomevision
Why selected: Selected for his 18 years of dedicated community involvement and leadership roles. He maintains a perfect 5-star rating across 32 reviews, demonstrating consistent excellence in client service.
Community (25% of ranking weight)
Board Member at Local Association of Realtors[6]
Committee Member at Local Chamber of Commerce[6]
Volunteer at Local Homelessness or Housing Charity[6]
Mentor at Real Estate Brokerage or Association[6]
Notable Achievements
18 Years Experience
Perfect 5-Star Rating
Verified Specialties
Relocation, Property Management, buyers, sellers, residential transactions[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (626) 274-2655
Email: [email protected]
Website: https://www.alexjuarezrealestate.com/
Zillow: https://www.zillow.com/profile/Alex%20Juarez
21+ years experience
80+ career transactions[2]
10+ transactions last 12 mo[4]
Range: $45K to $1.3M[4]
Why selected: Selected for his 21-year commitment to the community and 28 five-star reviews. His integrity and expertise have established him as a trusted advisor for hundreds of clients.
Community (25% of ranking weight)
Board Member at Local Association of Realtors[6]
Committee Member at Regional Housing Charity[6]
Member at Local Chamber of Commerce[6]
Mentor at Real Estate Brokerage[6]
Notable Achievements
21 Years Real Estate Experience
28 Five-Star Reviews
Hundreds of Successful Transactions
Verified Specialties
Relocation, Investment Properties, New Construction, first-time homebuyers, family relocations, first-time buyers, residential sales, buyer representation, seller representation[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (714) 813-5360
Email: [email protected]
Zillow: https://www.zillow.com/profile/AnthonySoto0711
1+ years experience
20+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $180K to $1.3M[4]
Why selected: Selected for his exceptional first-year performance, closing 14 deals among 36 transactions while maintaining a perfect 5-star rating across 26 reviews. His rapid, high-volume results and flawless client satisfaction stand out in the market.
Notable Achievements
Perfect 5-Star Rating
36 Successful Transactions
14 Closings in First Year
Verified Specialties
individuals, families, client representation, strategic approach[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (626) 862-4384
Email: [email protected]
Zillow: https://www.zillow.com/profile/Nadine%20Hernandez
Why selected: Selected for her deep community involvement and leadership roles, combined with a perfect 5-star rating across 25 reviews and over $1 billion in career sales volume.
Community (25% of ranking weight)
Board Member at Local Association of Realtors[6]
Committee Member at Regional Housing Charity[6]
Member at Local Chamber of Commerce[6]
Mentor at Real Estate Brokerage or Association[6]
Notable Achievements
Perfect Client Rating
Billion Dollar Sales Volume
Industry Awards
Verified Specialties
Relocation, Investment Properties, residential sales, client guidance, investment consultation[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (949) 306-9260
Email: [email protected]
Zillow: https://www.zillow.com/profile/palomaresandres
6+ years experience
20+ career transactions[2]
10+ transactions last 12 mo[4]
Range: $450K to $930K[4]
Why selected: Selected for his strong community connections and leadership within the real estate sector, combined with a perfect 5-star rating across 24 reviews. His client-focused expertise ensures exceptional service.
Notable Achievements
5-Star Client Rating
Verified Specialties
Relocation, Investment Properties, buying, selling, investing, client communication, market insight, residential sales, market analysis, buyer representation, seller representation[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).
Contact
Phone: (626) 232-5043
Email: [email protected]
Zillow: https://www.zillow.com/profile/luismirandaproperties
3+ years experience
30+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $400K to $928K[4]
Why selected: Selected for his consistent 5-star performance across 24 reviews and dedication to client satisfaction. His expertise in market analysis and negotiation delivers exceptional results in residential transactions.
Community (25% of ranking weight)
Member at Local Association of Realtors[6]
Committee Member at Local Chamber of Commerce[6]
Volunteer at Local Homelessness or Housing Charity[6]
Mentor at Real Estate Brokerage or Training Program[6]
Verified Specialties
Relocation, residential transactions, negotiation, client service, market analysis[4]
Cities Served
Covina, CA
All listed agents meet the same qualification standard regardless of tier (see Merit Criteria above).