Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Covington area can be challenging. Home prices in Covington are now at a median cost of $130,976, lower than the Indiana average of $175,617.
The average cost of rent is $743/mo in Covington, primarily driven by the current value of real estate in the Covington area. While nearly 38.57% of residents own their homes outright in Covington, 24.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $4,994 per month. Households that rent pay about 14.87% of their income on rent here. Covington's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Foster, IN: equally priced homes
- Marshfield, IN: equally priced homes
- Perrysville, IN: less expensive homes
- Veedersburg, IN: less expensive homes
- Johnsonville, IN: equally priced homes
- Aylesworth, IN: equally priced homes
- State Line City, IN: higher priced homes
- West Lebanon, IN: less expensive homes
- Rob Roy, IN: equally priced homes
- Silverwood, IN: less expensive homes
Cities with Similar Populations
- Forks, WA: higher priced homes
- Foster, RI: higher priced homes
- Pelham Manor, NY: higher priced homes
- Pelican Rapids, MN: higher priced homes
- Fort Rucker, AL: less expensive homes
- Fort Richardson, AK: higher priced homes
- Pembroke, GA: equally priced homes
- Fort Mc Coy, FL: less expensive homes
- Fort Eustis, VA: higher priced homes
- Fouke, AR: equally priced homes
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