Covington, Minnetonka, MN
Covington — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Covington, Minnetonka, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Covington Neighborhood Overview
Covington is a residential neighborhood located in the city of Minnetonka, Minnesota, within the 55345 ZIP code. Positioned near the geographic coordinates 44.9138, -93.4850, it offers a suburban atmosphere with convenient access to the broader Twin Cities metro area. The community is characterized by its high homeownership rate and family-friendly environment.
Lifestyle & Amenities
Residents enjoy a quiet, suburban lifestyle with easy access to Minnetonka's extensive park and trail system. The area is served by nearby shopping centers, restaurants, and essential services, providing convenience for daily needs. Its location offers a balance of peaceful residential living with urban amenities just a short drive away.
Real Estate Market
The Covington real estate market features a median home value of $451,800, with a price per square foot around $214.68. Homes typically sell after an average of 91 days on the market, and the neighborhood has a high homeownership rate of 84%. Rental options are available, with a median rent reported at $1,477 per month.
Schools & Education
Covington is served by the highly regarded Hopkins Public School District (Independent School District 270). Families in the area have access to a range of public educational institutions from elementary through high school. The district is known for its strong academic programs and extracurricular activities.
Transportation & Connectivity
The neighborhood provides excellent connectivity via major roadways like Interstate 394 and Highway 169, facilitating commutes to Minneapolis and western suburbs. Public transit options are available through Metro Transit bus services. This infrastructure makes travel throughout the metro region straightforward for residents.
Why Choose Covington
Covington appeals to those seeking a stable, owner-occupied community with a high median household income of $134,288. It offers the benefits of Minnetonka's amenities and highly-rated schools within a classic suburban setting. The neighborhood represents a compelling choice for families and professionals looking for a well-connected, established community.
Covington Market Data
| Metric | Value |
|---|---|
| Median Home Price | $452K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $134K |
| Homeownership Rate | 84.0% |
| Renter-Occupied | 16.0% |
| Rental Vacancy Rate | 3.6% |
| Market Type | Seller's |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 55345 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 148,162 |
| VA Loan Originations | 5,773 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $316K |
| Conventional Loan Originations | 131,728 |
| FHA Loan Originations | 10,661 |
Top Real Estate Agents in Covington, Minnetonka
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Covington, Minnetonka, MN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Minnesota Department of Commerce — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15