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 $152,776, lower than the Michigan average of $196,062.
The average cost of rent is $546/mo in Covington, primarily driven by the current value of real estate in the Covington area. While nearly 59.13% of residents own their homes outright in Covington, 5.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $4,578 per month. Households that rent pay about 11.92% of their income on rent here. Covington's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Watton, MI: equally priced homes
- Sidnaw, MI: less expensive homes
- Herman, MI: less expensive homes
- Three Lakes, MI: equally priced homes
- L'Anse, MI: less expensive homes
- Baraga, MI: less expensive homes
- Kenton, MI: less expensive homes
- Zeba, MI: less expensive homes
- Michigamme, MI: less expensive homes
- White, MI: less expensive homes
Cities with Similar Populations
- Tiller Crossroads, AL: less expensive homes
- Craycraft, KY: less expensive homes
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- Crumpler, WV: less expensive homes
- Cuchillo, NM: equally priced homes
- Cyrene, MO: equally priced homes
- Diana, WV: less expensive homes
- Sugarfork, NC: higher priced homes
- Tampa, KS: less expensive homes
- Tangier, IN: equally priced homes
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