All Countries
Covington, WA
Full City Profile · Washington · Pierce County County
3.5
/5.0
B+
Good
20,957
Population
3,534/sq mi density
$126,730
Median Income
$53,508 per capita
$590,100
Home Value
$670,976 Zillow
$2,220
Median Rent
32.6% income on rent
54°F
Avg Temperature
240 sunny days/yr
166
Violent Crime/100K
2,682 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$126,730 median income, 2.5% unemployment
A
Affordability
4.1 / 5.0
$590,100 home value, $2,220/mo rent
F
Safety
1.0 / 5.0
166 violent crimes/100K
B+
Education
3.9 / 5.0
35.9% bachelor's degree or higher
Housing Overview
Median Home Value
$590,100
109% above
US avg: $281,900
Median Rent
$2,220/mo
91% above
US avg: $1,163/mo
Homeownership Rate
79.1%
21% above US avg (65.4%)
Total Housing Units
7,551
Median year built: 1992
Home Value by Source
Census Median
$590,100
Zillow (ZHVI)
$670,976
Median Sale Price
$775,000
Median List Price
$779,700
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.1%
Owner-Occupied
20.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Census median rent:
$2,220/mo
· Zillow rent:
$2,355/mo
Market Indicators (Redfin)
Median Days on Market
36 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
22
Price Drops
14.6%
of listings with price reduction
Price Per Sq Ft
$325
Active Inventory
55
homes for sale
Affordability & Housing Stock
Rent Burden
32.6%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
79.1%
Complete Housing Data
Home Values
| Census Median Value | $590,100 |
| Zillow Home Value (ZHVI) | $670,976 |
| Median Sale Price | $775,000 |
| Median List Price | $779,700 |
| Price Per Sq Ft | $325 |
Rent
| Census Median Rent | $2,220 |
| Zillow Rent (ZORI) | $2,355 |
| FMR Studio | $1,082 |
| FMR 1-Bedroom | $1,180 |
| FMR 2-Bedroom | $1,472 |
| FMR 3-Bedroom | $2,003 |
| FMR 4-Bedroom | $2,351 |
Market
| Days on Market | 36 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.6% |
| Homes Sold | 22 |
| Active Inventory | 55 |
| Price Per Sq Ft | $325 |
Ownership & Stock
| Owner-Occupied | 79.1% |
| Renter-Occupied | 20.9% |
| Homeownership Rate | 79.1% |
| Total Housing Units | 7,551 |
| Median Year Built | 1992 |
| Rent Burden | 32.6% |