Market Overview
Home Prices in Covelo, CA
The median home value in Covelo, CA is $274,343 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.9% compared to a year ago and down 10.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Covelo are priced33% below average. Covelo is part of the Ukiah, CA metro area.
Over the past five years, Covelo home values have fallen by approximately37.0%, reflecting softening conditions in this market.
Price History
Covelo Home Price Trend
2020
$404,885
$405K
—
2021
$435,791
$436K
+7.6%
2022
$444,090
$444K
+1.9%
2023
$371,696
$372K
-16.3%
2024
$322,235
$322K
-13.3%
2025
$288,390
$288K
-10.5%
2026
$274,343
$274K
-4.9%
City Comparison
Covelo vs. National Median
🏠 Covelo
$274,343
National Median
$410,000
At $274,343, homes in Covelo cost 33% below the national median of $410,000. This makes Covelo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Covelo?
20% Down Payment
$54,869
on $274,343
Monthly P&I
$1,431/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,817/mo
incl. taxes & insurance
Income Needed
$72,680
gross annual (30% rule)
10% Down Option
$27,434
+ PMI applies
Loan Amount (20% dn)
$219,474
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Covelo, CA?
The median home value in Covelo is $274,343 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.9% year-over-year.
How much have home prices changed in Covelo?
Over the past year, home values in Covelo have decreased by 4.9%. Over five years, prices have fallen approximately 37.0%.
How much do I need to earn to buy a home in Covelo?
To comfortably afford the median home price of $274,343 with a 20% down payment ($54,869) at today's rates (6.8%), you'd need a gross annual income of approximately $72,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Covelo compare to the national average home price?
The national median home value is approximately $410,000. At $274,343, homes in Covelo are 33% below the national average.
What metro area is Covelo part of?
Covelo is part of the Ukiah, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.