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 $157,398, lower than the Ohio average of $181,280.
The average cost of rent is $660/mo in Covington, primarily driven by the current value of real estate in the Covington area. While nearly 42.87% of residents own their homes outright in Covington, 20.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $4,890 per month. Households that rent pay about 13.50% of their income on rent here. Covington's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Bradford, OH: less expensive homes
- Farrington, OH: equally priced homes
- Circle Hill, OH: equally priced homes
- Pleasant Hill, OH: higher priced homes
- Piqua, OH: equally priced homes
- Mount Jefferson, OH: higher priced homes
- Red River, OH: higher priced homes
- Eldean, OH: equally priced homes
- Russia, OH: higher priced homes
- Webster, OH: higher priced homes
Cities with Similar Populations
- Lolo, MT: higher priced homes
- Lyles, TN: less expensive homes
- Luxemburg, WI: higher priced homes
- Luverne, MN: equally priced homes
- Lumberton, NM: higher priced homes
- Lucerne Valley, CA: higher priced homes
- Louisville, GA: less expensive homes
- Loudonville, OH: equally priced homes
- Loranger, LA: higher priced homes
- Loogootee, IN: equally priced homes
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