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Housing Affordability in Covington, IN
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 17.8%
- Indiana 25.5%
- Renters paying 30%+
- 18.5%
- Indiana 48.1%
- Homeowners paying 30%+
- 17.3%
- Indiana 16.8%
- Owner costs with a mortgage
- $1,063/mo
- Indiana $1,404/mo
Covington has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more9118.5%
- Homeowners paying 30% or more14417.3%
- Renters paying 50% or more6312.8%
- Median rent as a share of income: 19.0%
- Median owner costs as a share of income, with a mortgage: 19.0%
- Median owner costs without a mortgage: $400/mo
- Median home value divided by median household income: 3.1
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Covington, IN | 17.8% | 18.5% | 17.3% | 19.0% |
| Fountain County | 20.1% | 28.8% | 17.6% | 21.6% |
| Indiana | 25.5% | 48.1% | 16.8% | 29.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Covington, IN?
- In Covington, IN, 17.8% of households spend 30% or more of their income on housing costs.
- How does Covington compare with Indiana?
- The households paying 30%+ for housing in Covington is 17.8%, compared with 25.5% for Indiana as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates