Home prices
The median home value in Covington is $99,200. It is approximately $27,180 (37%) higher compared to nearby areas.In comparison to the United States as a whole it is about $118,300 (54%) lower, and it is approximately $62,600 (38%) lower compared to the city of Champaign.
Rents
In Covington the median rent is $660 per month. In comparison to the surrounding areas this is roughly $69 (9%) lower.In comparison to the US as a whole it is roughly $402 (37%) lower, and it is about $292 (30%) lower in comparison to the city of Champaign.
Nearby places
Perrysville
Perrysville is roughly 6 miles south from Covington. The housing prices there are a lot less expensive. The median home price in Perrysville is $70,500, which is $28,700 (40%) lower than Covington. Rent there is pretty similar. Perrysville's median rent is $657 a month, which is very similar to Covington.
Veedersburg
Veedersburg is roughly 6 miles east from Covington. The housing prices there are significantly less expensive. The cost of the median home in Veedersburg is $75,000, which is $24,200 (32%) lower than Covington. Its rents are fairly similar. In Veedersburg the median rent is $657 per month, which is very similar to Covington.
State Line City
State Line City is approximately 7 miles northwest from Covington. Real estate prices there are a little less expensive. The median home in State Line City costs $76,700, which works out to $22,500 (29%) lower than Covington. Rents there are a little more expensive. State Line City's median monthly rent is $850, which is $190 (22%) higher than Covington.
West Lebanon
West Lebanon is roughly 8 miles north of Covington. Its real estate prices are significantly less expensive. The value of the median home in West Lebanon is $71,200, which works out to $28,000 (39%) lower than Covington. Its rents are a little more expensive. In West Lebanon the median monthly rent is $788, which works out to $128 (16%) higher than Covington.
Danville
Danville is about 9 miles west from Covington. Its housing prices are a lot less expensive. The median home price in Danville is $66,700, which works out to $32,500 (48%) lower than Covington. The rent there is somewhat more expensive. In Danville the median monthly rent is $695, which is $35 (5%) higher than Covington.
