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 $438,755, lower than the Washington average of $453,663.
The average cost of rent is $1,784/mo in Covington, primarily driven by the current value of real estate in the Covington area. While nearly 24.28% of residents own their homes outright in Covington, 14.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $9,596 per month. Households that rent pay about 18.59% of their income on rent here. Covington's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Lake Morton-Berrydale, WA: higher priced homes
- Maple Valley, WA: higher priced homes
- East Hill-Meridian, WA: equally priced homes
- Black Diamond, WA: higher priced homes
- Hobart, WA: higher priced homes
- Kent, WA: less expensive homes
- Fairwood, WA: equally priced homes
- Kummer, WA: higher priced homes
- Auburn, WA: less expensive homes
- Ravensdale, WA: higher priced homes
Cities with Similar Populations
- Troy, AL: less expensive homes
- Lahaina, HI: higher priced homes
- Lake Placid, FL: less expensive homes
- Lake Zurich, IL: less expensive homes
- Lealman, FL: less expensive homes
- Leesburg, GA: less expensive homes
- Upper St. Clair, PA: less expensive homes
- Lexington Park, MD: less expensive homes
- Liberal, KS: less expensive homes
- Twinsburg, OH: less expensive homes
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