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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 $234,813, lower than the Texas average of $322,096.
The average cost of rent is $760/mo in Covington, primarily driven by the current value of real estate in the Covington area. In Covington, 11.85% of households rent, and 52.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $6,388 per month. Households that rent pay about 11.90% of their income on rent here. Covington’s most expensive areas are in the northwestern 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
- Osceola, TX: equally priced homes
- Rio Vista, TX: equally priced homes
- Grandview, TX: higher priced homes
- Itasca, TX: less expensive homes
- Blum, TX: less expensive homes
- Mayfield, TX: equally priced homes
- Woodbury, TX: less expensive homes
- Lovelace, TX: equally priced homes
- Carls Corner, TX: equally priced homes
- Kopperl, TX: equally priced homes
Cities with Similar Populations
- North Adams, MI: less expensive homes
- Robbins, TN: less expensive homes
- Ridgedale, MO: higher priced homes
- Raymond, NE: higher priced homes
- Quogue, NY: higher priced homes
- Pojoaque, NM: higher priced homes
- Pittsville, WI: less expensive homes
- Peytonsville, TN: higher priced homes
- Parker, SD: higher priced homes
- Rockland, WI: higher priced homes
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