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Affordable
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These days, finding an affordable place to live in the Cove area can be challenging. Home prices in Cove are now at a median cost of $416,716, lower than the Oregon average of $502,078.
The average cost of rent is $1,319/mo in Cove, primarily driven by the current value of real estate in the Cove area. In Cove, 16.16% of households rent, and 50.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cove is $6,896 per month. Households that rent pay about 19.13% of their income on rent here. Cove’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Union, OR: less expensive homes
- Island City, OR: less expensive homes
- Imbler, OR: less expensive homes
- La Grande, OR: less expensive homes
- Telocaset, OR: less expensive homes
- Perry, OR: less expensive homes
- Summerville, OR: equally priced homes
- Elgin, OR: less expensive homes
- North Powder, OR: less expensive homes
- Wallowa, OR: equally priced homes
Cities with Similar Populations
- St. Ansgar, IA: less expensive homes
- Lecompton, KS: less expensive homes
- Lydia Mills, SC: less expensive homes
- McDavid, FL: less expensive homes
- McIntyre, GA: less expensive homes
- Mentone, IN: less expensive homes
- Morgan, GA: less expensive homes
- Murfreesboro, AR: less expensive homes
- New Sharon, IA: less expensive homes
- North Garden, VA: higher priced homes
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