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West Covina, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,576
Monthly Cash Flow
-$2,350
Principal + Equity
$5,189
Annual Total Gain
$34,068
Cash on Cash
-13.6%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$252
Occupancy Rate
66.67%
Monthly Revenue
$3,451
Monthly Cash Flow
-$1,993
Principal + Equity
$5,189
Annual Total Gain
$38,357
Cash on Cash %
-11.53%
Net ROI %
Market Health & Growth
Median Income
$98,570
Population
107,436
LTR Renter %
39.23%
Forecast (1 yr)
0.87%
Appreciation (1 yr)
-0.33%
Appreciation (5 yr)
39.66%
Appreciation (10 yr)
89.24%
Job Growth
-0.46%
LTR Rentability
Moderate
STR Demand
92
STR Rentals
241
Top Public Schools
ACalifornia School of the Arts - San Gabriel Valley
AMt. Sac Early College Academy at West Covina
A
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Suburbs in California
#130out of 526 markets
Best Suburbs for Young Professionals in California
#184out of 526 markets
Suburbs with the Best Public Schools in California
#235out of 526 markets
B
Public School
C-
Crime And Safety
D
Housing
B
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in West Covina, CA.
As of September 2021, West Covina, CA does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any updates from the city government.
Investors should also be aware of any homeowner association (HOA) rules and regulations that may restrict or prohibit short term rentals in certain neighborhoods or developments. It is recommended to thoroughly review the HOA bylaws and covenants before purchasing a property for STR purposes.
Additionally, investors should consider the potential impact of transient occupancy taxes (TOT) on their rental income. Some cities require hosts to collect and remit TOT on short term rental stays, so it is important to understand the local tax laws and regulations.
Overall, investors should conduct thorough research and due diligence before investing in a property for short term rental purposes in West Covina, CA to ensure compliance with any existing or future regulations.
Market Trends Over Time
Explore 25 years of market data for West Covina, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to West Covina, CA.
The LTR Genie Score of West Covina, CA is 50, indicating a moderate level of rentability for long-term rental properties. The STR Genie Score is slightly higher at 59, suggesting a slightly more favorable outlook for short-term rental or Airbnb properties. The LTR Rent Growth Rate of 0.0% may have contributed to the lower LTR Genie Score, while the STR Net ROI of 18.5% likely boosted the STR Genie Score.
In comparison, the STR Genie Score is higher than the LTR Genie Score, indicating that short-term rental properties may offer better investment opportunities in West Covina. However, both long-term and short-term rental options have positive Net ROI percentages, with short-term rentals slightly edging out long-term rentals.
Overall, West Covina, CA presents a mixed bag for real estate investors. While both long-term and short-term rental properties show potential for profitability, the slightly higher STR Genie Score suggests that short-term rentals may be a more attractive option in this market. Investors should consider the current market conditions and their investment goals before deciding on the best strategy for this area.
West Covina, CA is a city located in Los Angeles County, known for its diverse population and convenient location near major freeways and amenities. The real estate market in West Covina offers a mix of single-family homes, townhouses, and apartments, making it a versatile market for investors looking to diversify their portfolio.
