ZIP 49043 (Covert, MI) Housing Market & Real Estate Update — February 23, 2026
49043 – February 23, 2026 – Covert-area inventory is higher than last year, pricing signals are mixed, and 30-year mortgage rates are near 6%.
ZIP 49043 covers Covert in Van Buren County, Michigan. Here is today’s quick local real estate check-in.
Top takeaways
- Inventory looks meaningfully higher than a year ago, giving buyers more choices and negotiating room.
- Pricing signals are mixed: list-price metrics are softer year over year, while value estimates show modest growth.
- Mortgage rates eased again nationally last week, which can improve monthly payments (and buyer demand) heading toward spring.
Market snapshot (last reported periods)
Realtor.com’s ZIP-level dashboard for 49043 (reporting period: December 2025) shows 16 active listings and a median list price around $369,900, down about 9.8% year over year. Their data also characterizes 49043 as a buyer’s market for that period, with homes selling below asking on average.
On the value side, Zillow’s Home Value Index for 49043 shows typical home values around $206,968 (data through December 31, 2025), up 0.6% year over year. In smaller markets like this, portal coverage and the mix of lakefront, acreage, and year-round homes can swing medians quickly, so watching inventory and days on market week to week matters as much as the headline price.
Mortgage rate context
Freddie Mac’s Primary Mortgage Market Survey (PMMS) put the average 30-year fixed at 6.01% as of February 19, 2026. That is not a guarantee of what any borrower will get, but it is a helpful barometer when you compare affordability from one month to the next.
Development and zoning: what to watch locally
Covert Township’s Planning Commission meets regularly at 6:30 pm on the third Wednesday of each month (with posted agendas, packets, and minutes). The January 21, 2026 meeting was listed as cancelled, so if you are tracking land splits, special use permits, or new builds, keep an eye on the next posted agenda and any zoning ordinance updates before you submit plans.
What’s for sale nearby (no addresses)
Current active options in 49043 lean toward a mix of vacant land and rural homes. Recent portal scans show multiple small-to-mid acreage parcels roughly in the $40k to $80k range, plus a few single-family listings in the mid-$300k range depending on size and proximity to water.
Sources
Source list is provided in the post’s Sources section (URLs), including Realtor.com ZIP 49043 market metrics and active listings, Zillow home values for 49043, Freddie Mac PMMS mortgage-rate data, Covert Township Planning Commission info, and example listing pages used to confirm current for-sale mix.
Locals: Are you seeing more price reductions and longer time on market in 49043 this month, or are the best properties still moving quickly?