Housing data for Covington, IN
Covington, IN has an estimated 3,069 residents and 1,447 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Fountain County.
38.0% of households rent.
The median gross rent is $847 a month.
Its population grew measurably since 2015–2019 (+25.8%).
Figures last updated on .
- Residents
- 3,069 (±192)
- Housing units
- 1,447 (±149)
- Households that rent
- 38.0%
- Median gross rent
- $847
- Residents since 2015–2019
- +25.8%
What stands out in Covington
Households that rent: 38.0% (±9.6 points) in Covington, higher than in Fountain County (25.4%).
Median real estate taxes: $1,225 (±$152) in Covington, higher than in Fountain County ($849).
Average commute: 17.3 minutes (±2.0) in Covington, lower than in Fountain County (25.1 minutes).
Median household income: $52,466 (±$5,246) in Covington, lower than in Fountain County ($62,542).
- Renters and owners in Covington
- Property taxes in Covington
- Commute and cars in Covington
- Income and affordability in Covington
Housing in Covington at a glance
- Median rent: $847 median gross rent a month
- Rent by bedrooms: $876 median gross rent, 2 bedrooms
- Rent burden: 18.5% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 38.0% of households rent
- Income and affordability: $52,466 median household income
- Home values: $164,400 median home value
- Homeowner costs: $1,063 median monthly cost with a mortgage
- Property taxes: $1,225 median real estate taxes a year
- Types of homes: 3.2% of homes are in buildings of 5 or more units
- Bedrooms: 55.3% of homes have 3 or more bedrooms
- Age of homes: 66.7% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 67.7% heat with utility gas
- Commute and cars: 17.3 minutes average trip to work
- Growth: +25.8% residents since 2015–2019
- How long people stay: 17.1% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Covington against Fountain County, its state and the nation
| Covington | Fountain County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 3,069 (±192) | 16,617 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 1,447 (±149) | 7,875 (±40) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 38.0% (±9.6 points) | 25.4% (±3.1 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $847 (±$48) | $843 (±$55) | $1,062 (±$5) | $1,413 |
| Median household income | $52,466 (±$5,246) | $62,542 (±$5,103) | $71,957 (±$352) | $80,734 |
| Median home value | $164,400 (±$46,743) | $143,400 (±$14,138) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $1,225 (±$152) | $849 (±$72) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 66.7% (±12.3 points) | 68.4% (±4.9 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 17.3 minutes (±2.0) | 25.1 minutes (±1.4) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 89.9% (±5.0 points) | 89.6% (±2.1 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 44.3 years (±2.8) | 42.7 years (±0.9) | 38.1 years (±0.2) | 38.9 years |
Covington covers 1.4 square miles of land, about 2,124 residents per square mile (Census Bureau Gazetteer).
How Covington has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,439 (±228) | 3,069 (±192) | +25.8% | Measurable increase |
| Housing units | 1,184 (±96) | 1,447 (±149) | +22.2% | Measurable increase |
| Median gross rent | $660 (±$130) | $847 (±$48) | +28.3% | No measurable change after inflation |
| Median home value | $99,200 (±$9,987) | $164,400 (±$46,743) | +65.7% | No measurable change after inflation |
| Median household income | $51,607 (±$7,926) | $52,466 (±$5,246) | +1.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $958 (±$40) | $1,063 (±$120) | +11.0% | No measurable change after inflation |
| Median real estate taxes | $723 (±$83) | $1,225 (±$152) | +69.4% | Up after inflation |
| Households that rent | 30.3% (±6.1 points) | 38.0% (±9.6 points) | +7.7 percentage points | Not a measurable change |
| Rental vacancy rate | 4.4% (±6.9 points) | 0.0% (±6.5 points) | −4.4 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Covington
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Troy Township (Fountain County) | 2.4 mi | $842 | $181,600 | 33.5% |
| Mound Township | 3.8 mi | — | $197,800 | 3.3% |
| Wabash Township (Fountain County) | 6.0 mi | — | $169,700 | 2.3% |
| Kent Township | 6.0 mi | — | — | 1.9% |
| Perrysville | 6.6 mi | $814 | $100,000 | 33.8% |
| Highland Township (Vermillion County) | 6.6 mi | $786 | $123,300 | 28.3% |
| Pike Township (Warren County) | 7.1 mi | $604 | $129,200 | 25.4% |
| Van Buren Township (Fountain County) | 7.2 mi | $790 | $116,600 | 18.6% |
Places in Indiana most like Covington
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Troy Township (Fountain County) | $842 | $181,600 | $55,313 | 33.5% |
| Washington Township (Daviess County) | $856 | $164,100 | $58,630 | 37.6% |
| Huntingburg | $887 | $143,800 | $54,421 | 36.0% |
| Rochester | $867 | $137,400 | $57,008 | 34.2% |
| Grant Township (Greene County) | $781 | $206,300 | $47,953 | 31.5% |
| Washington | $858 | $152,200 | $50,331 | 45.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Covington, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $759 | $775 | $1,014 | $1,279 | $1,695 |
HUD income limits for Covington, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $17,850 | $29,700 | $47,500 |
| 2 people | $21,640 | $33,950 | $54,300 |
| 3 people | $27,320 | $38,200 | $61,100 |
| 4 people | $33,000 | $42,400 | $67,850 |
| 5 people | $38,680 | $45,800 | $73,300 |
| 6 people | $44,360 | $49,200 | $78,750 |
| 7 people | $50,040 | $52,600 | $84,150 |
| 8 people | $55,720 | $56,000 | $89,600 |
These are the limits HUD sets for its housing programs in the Fountain County, IN, where HUD’s median family income for fiscal year 2026 is $75,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Covington
What is the average rent in Covington, IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Covington is $847 (±$48) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Covington?
The median gross rent for a one-bedroom home in Covington, IN is $716 (±$272) a month (2020–2024 American Community Survey).
How many renters are there in Covington?
Covington has an estimated 512 (±153) renting households, 38.0% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Covington?
The median household income in Covington is $52,466 (±$5,246) a year (2020–2024 American Community Survey).
What is the average home value in Covington, IN?
The Census Bureau publishes the median: $164,400 (±$46,743) for owner-occupied homes in Covington (2020–2024 American Community Survey).
What is the average mortgage payment in Covington?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Covington, IN is $1,063 (±$120) a month, including taxes, insurance and utilities.
Is Covington growing?
In Covington, the number of residents went from 2,439 in 2015–2019 to 3,069 in 2020–2024 (+25.8%), a measurable increase.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Covington city, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Covington city, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Covington city, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Covington city, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Covington city, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Covington city, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Covington city, Indiana
- HUD Fair Market Rents, fiscal year 2027: Fountain County, IN
- HUD Income Limits, fiscal year 2026: Fountain County, IN
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Covington city, Indiana (place:15490, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .