91723, Covina, CA

The Covina zip code, 91723, has a population of around 106,000 people. The median household income in this zip code is $64,000 and the median home value is $248,000. Covina is located in the San Gabriel Valley region of Los Angeles County and is bordered by the cities of Pomona to the north and east, Claremont to the south, and Azusa to the west.

The Covina home equity market has seen strong growth over the past few years. In May of 2018, there were an estimated 5,500 homes for sale in this zip code. This number was up from 4,700 homes for sale in May of 2017 and 3,900 homes for sale in May of 2016. The average list price for a home in this zip code was $269,500 in May of 2018 which was up from $255,500 in May of 2017 and $236,500 in May of 2016. Over the past year (May 2019-May 2020), there have been an estimated 1,100 more homes for sale than there were at this same time last year.

One reason that the Covina home equity market has seen such strong growth over recent years is that there are a lot of new developments being built in this area. For example, construction on The Shops at Mission Hills mall has been ongoing since 2015 and it is expected to be completed by 2021. This will add thousands more homes to the market each year and should help to keep prices high. Additionally, Covina has been seeing an influx of families moving into the area due to its great schools system as well as its low cost of living compared to other areas within Los Angeles County.