Housing in Covington, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$216,920
Covington vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Covington is highlighted.
Median Home Value
45th%ilemost expensive$162,100show rank
Median Rent
36th%ilemost expensive rent$841show rank
Rent Burden
49th%ilehighest rent burden18.4%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$162,100
Median Rent
$841
Total Housing Units
1,442
Vacancy Rate
9.4%
Owner Occupied
65.1%
Renter Occupied
34.9%
Median Property Tax
$1,109
per year
Monthly Cost (w/ Mortgage)
$860
Housing Types
Single Family77.3%
Multi-Family19.3%
Mobile Home3.4%
The median home value in Covington, IN is $162,100. According to Zillow, the home value index for Covington is $216,920. The median rent is $841 per month (Census ACS). About 65.1% of housing units are owner-occupied. The median year homes were built is 1957. There are 1,442 total housing units.