Welcome to our 98042 real estate data hub, tailored for investors in Covington, WA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 98042 in Covington, WA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in KING COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Covington, WA real estate investing. Uncover the wealth of information available, and position yourself for success in the Covington property market.
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Location Overview
- Zip Code: 98042
- City: Covington
- State: WA
- Metro Area: Seattle-Tacoma-Bellevue, WA
- County Name: KING COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $649,929
- Average Home Price (Single Family Homes): $653,312
- Average Monthly Rental Price (All Types): $2,490
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: -0.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,620
- Average 3 Bedroom Section 8 Rental Rates: $3,520
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 20.67
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.39
- Number of Units Offered in Section 8 in the County: 11503
- Number of Occupied Units in Section 8 in the County: 11121
- Percentage of Section 8 Units Occupied in the County: 96.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 353.47
- Total % Appreciation since 2000 (Government Data): 201.56
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.98%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -2.39%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.18%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.14%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 127.64%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 48.49%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 127.52%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.44%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.85%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 25.72%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 43.94%