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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 $331,730, higher than the Louisiana average of $235,139.
The average cost of rent is $1,383/mo in Covington, primarily driven by the current value of real estate in the Covington area. In Covington, 24.09% of households rent, and 35.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $7,187 per month. Households that rent pay about 19.25% of their income on rent here. Covington’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Abita Springs, LA: equally priced homes
- Madisonville, LA: higher priced homes
- Mandeville, LA: higher 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: higher priced homes
- West Sacramento, CA: higher priced homes
- Lancaster, OH: less expensive homes
- Texarkana, TX: less expensive homes
- Hoffman Estates, IL: equally priced homes
- Hollister, CA: higher priced homes
- Webster, NY: less expensive homes
- Tooele, UT: higher priced homes
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