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 $307,284, higher than the Louisiana average of $194,522.
The average cost of rent is $1,344/mo in Covington, primarily driven by the current value of real estate in the Covington area. While nearly 41.53% of residents own their homes outright in Covington, 19.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $7,672 per month. Households that rent pay about 17.51% of their income on rent here. Covington's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Abita Springs, LA: less expensive homes
- Madisonville, LA: higher priced homes
- Mandeville, LA: equally priced homes
- Lewisburg, LA: equally priced homes
- Folsom, LA: less expensive homes
- Bush, LA: less expensive homes
- Talisheek, LA: less expensive homes
- Robert, LA: less expensive homes
- St. Benedict, LA: less expensive homes
- Lacombe, LA: less expensive homes
Cities with Similar Populations
- Apache Junction, AZ: less expensive homes
- Aspen Hill, MD: higher priced homes
- Blacksburg, VA: equally priced homes
- West Sacramento, CA: higher priced homes
- Lancaster, OH: less expensive homes
- Texarkana, TX: less expensive homes
- Hoffman Estates, IL: less expensive homes
- Hollister, CA: higher priced homes
- Webster, NY: less expensive homes
- Tooele, UT: equally priced homes
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