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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 $160,089, lower than the Pennsylvania average of $288,156.
The average cost of rent is $921/mo in Covington, primarily driven by the current value of real estate in the Covington area. In Covington, 27.41% of households rent, and 50.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $5,090 per month. Households that rent pay about 18.08% of their income on rent here. Covington’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mansfield, PA: higher priced homes
- Blossburg, PA: equally priced homes
- Arnot, PA: less expensive homes
- Kellytown, PA: higher priced homes
- Morris Run, PA: less expensive homes
- Mainesburg, PA: higher priced homes
- Cowanesque, PA: higher priced homes
- Lambs Creek, PA: higher priced homes
- Charleston, PA: less expensive homes
- Painter Run, PA: higher priced homes
Cities with Similar Populations
- Hiwassee, VA: equally priced homes
- Sharon, VT: higher priced homes
- McLaughlin, SD: less expensive homes
- McDonald, WA: higher priced homes
- Lometa, TX: higher priced homes
- Lincoln Center, KS: less expensive homes
- Knightsen, CA: higher priced homes
- Josephville, MO: higher priced homes
- Jamestown, SC: equally priced homes
- Isola, MS: less expensive homes
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