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 $87,039, lower than the North Carolina average of $226,477.
The average cost of rent is $795/mo in Covington, primarily driven by the current value of real estate in the Covington area. While nearly 62.67% of residents own their homes outright in Covington, 29.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $3,788 per month. Households that rent pay about 20.98% of their income on rent here. Covington's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Mount Gilead, NC: higher priced homes
- Mangum, NC: higher priced homes
- Wadeville, NC: higher priced homes
- River Haven, NC: higher priced homes
- Pekin, NC: equally priced homes
- Roberdo, NC: higher priced homes
- Norwood, NC: higher priced homes
- Onvil, NC: equally priced homes
- Ex-Way, NC: less expensive homes
- Cedar Hill, NC: higher priced homes
Cities with Similar Populations
- Preston, NY: higher priced homes
- Mazie, KY: less expensive homes
- McClanahan, TX: higher priced homes
- McKinney, KY: higher priced homes
- McMillan, MS: equally priced homes
- Munterville, IA: higher priced homes
- North Omak, WA: higher priced homes
- Pompey, NY: higher priced homes
- Pooleville, OK: higher priced homes
- Mayhaw, GA: higher priced homes
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