All Countries
Covington, IN
Full City Profile · Indiana · Fountain County County
3.1
/5.0
B
Good
3,112
Population
2,146/sq mi density
$54,962
Median Income
$30,905 per capita
$162,100
Home Value
$220,313 Zillow
$841
Median Rent
19.5% income on rent
51°F
Avg Temperature
275 sunny days/yr
336
Violent Crime/100K
2,122 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$54,962 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$162,100 home value, $841/mo rent
F
Safety
1.0 / 5.0
336 violent crimes/100K
C
Education
2.5 / 5.0
18.2% bachelor's degree or higher
Housing Overview
Median Home Value
$162,100
42% below
US avg: $281,900
Median Rent
$841/mo
28% below
US avg: $1,163/mo
Homeownership Rate
65.1%
0% below US avg (65.4%)
Total Housing Units
1,377
Median year built: 1956
Home Value by Source
Census Median
$162,100
Zillow (ZHVI)
$220,313
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
65.1%
Owner-Occupied
34.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$841/mo
Affordability & Housing Stock
Rent Burden
19.5%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
65.1%
Complete Housing Data
Home Values
| Census Median Value | $162,100 |
| Zillow Home Value (ZHVI) | $220,313 |
Rent
| Census Median Rent | $841 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 65.1% |
| Renter-Occupied | 34.9% |
| Homeownership Rate | 65.1% |
| Total Housing Units | 1,377 |
| Median Year Built | 1956 |
| Rent Burden | 19.5% |