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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 $206,800, lower than the Oklahoma average of $210,566.
The average cost of rent is $850/mo in Covington, primarily driven by the current value of real estate in the Covington area. In Covington, 14.36% of households rent, and 50.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $6,215 per month. Households that rent pay about 13.68% of their income on rent here. Covington’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hayward, OK: equally priced homes
- Fairmont, OK: higher priced homes
- Douglas, OK: equally priced homes
- Garber, OK: less expensive homes
- Lucien, OK: higher priced homes
- Breckenridge, OK: less expensive homes
- Perry, OK: less expensive homes
- Waukomis, OK: less expensive homes
- Enid, OK: less expensive homes
- North Enid, OK: higher priced homes
Cities with Similar Populations
- Kingston, MN: higher priced homes
- Lakeport, FL: less expensive homes
- Ullin, IL: less expensive homes
- Ladora, IA: less expensive homes
- La Tour, MO: higher priced homes
- Unionville, GA: higher priced homes
- Kunkle, PA: higher priced homes
- Knifley, KY: less expensive homes
- Kirby, AR: less expensive homes
- Lamont, IA: less expensive homes
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