October's First-Time Homebuyer Report for Covington

Covington is much younger than the rest of Indiana, with a median age of 44. It's somewhat affluent as well, with a median income of $46,214 per household. The Covington market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The best schools in the city are Covington Elementary School, Covington Middle School, and Covington Community High Schoolool School.

Price Range

The housing prices of Covington are close to the state average with a median home value of $88,900 and a current average list price of $131,045.

Out of all the listings in Covington, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$219K  

Typical Dwelling

A two-bedroom detached home valued around $74,580 is considered a typical dwelling in Covington. If a buyer was looking for a similar home, they would need good credit and a $14,916 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $32 and the property tax rate is $8.01 per $1,000 of taxable assessed value.

Get started right now by checking out Covington homes for sale or reviewing Covington real estate trends.


Data reported through 10/13/2016

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