Much like nearby areas, it's a little more expensive compared to the rest of the country. Compared to the city of New Orleans, it's close to average.
Home prices
The median home in Covington is valued at $232,900. Compared to the surrounding areas this is roughly $6,360 (2%) higher.It is roughly $15,400 (7%) higher in comparison to the country as a whole, and in comparison to the city of New Orleans it is is very similar.
Rents
The median monthly rent in Covington is $959. In comparison to other places in this area this is roughly $150 (13%) lower.In comparison to the nation as a whole it is roughly $103 (9%) lower, and in comparison to the city of New Orleans is roughly $39 (3%) lower.
Nearby places
Abita Springs
Abita Springs is approximately 4 miles east from Covington. The housing prices there are a bit less expensive. The median home in Abita Springs costs $198,900, which comes out to $34,000 (17%) lower than Covington. Its rents are a bit more expensive. In Abita Springs the median rent is $1,121 per month, which works out to $162 (14%) higher than Covington.
Madisonville
Madisonville is roughly 6 miles southwest of Covington. The housing prices there are a little more expensive. The value of the median home in Madisonville is $308,000, which is $75,100 (24%) higher than Covington. Rents there are somewhat more expensive. Madisonville's median monthly rent is $1,042, which is $83 (7%) higher than Covington.
Mandeville
Mandeville is about 8 miles south from Covington. Its real estate prices are somewhat more expensive. The cost of the median home in Mandeville is $288,900, which works out to $56,000 (19%) higher than Covington. Rents there are a little more expensive. The median monthly rent in Mandeville is $1,133, which works out to $174 (15%) higher than Covington.
Folsom
Folsom is approximately 12 miles north from Covington. The housing prices there are a lot less expensive. Folsom's median home cost is $163,700, which comes out to $69,200 (42%) lower than Covington. Its rents are similar. Folsom's median monthly rent is $922, which works out to $37 (4%) lower than Covington.
Lacombe
Lacombe is roughly 15 miles southeast from Covington. The housing prices there are a lot less expensive. Lacombe's median home value is $173,200, which is $59,700 (34%) lower than Covington. Rents there are a bit more expensive. Lacombe's median rent is $1,329 a month, which is $370 (27%) higher than Covington.
