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Covington, MI
Full City Profile · Michigan · Baraga County County
2.5
/5.0
C+
Fair
113
Population
32/sq mi density
$68,750
Median Income
$38,019 per capita
40°F
Avg Temperature
249 sunny days/yr
205
Violent Crime/100K
4,162 property/100K
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$68,750 median income, 0.0% unemployment
F
Safety
1.0 / 5.0
205 violent crimes/100K
C
Education
2.1 / 5.0
14.3% bachelor's degree or higher
Housing Overview
Homeownership Rate
92.0%
41% above US avg (65.4%)
Total Housing Units
88
Median year built: 1943
Ownership vs. Renting
92.0%
Owner-Occupied
8.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Affordability & Housing Stock
Rent Burden
22.8%
of renters spending 30%+ of income on housing
26% below US avg (31.0%)
Median Year Built
1943
Average age of housing stock: 83 years
Homeownership Rate
92.0%
Complete Housing Data
Home Values
| Zillow Home Value (ZHVI) | $161,370 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 92.0% |
| Renter-Occupied | 8.0% |
| Homeownership Rate | 92.0% |
| Total Housing Units | 88 |
| Median Year Built | 1943 |
| Rent Burden | 22.8% |