Home prices
The median home in Covington is valued at $357,300. This is about $69,660 (16%) lower compared to its nearby areas.In comparison to the US as a whole it is about $139,800 (64%) higher, and is roughly $305,800 (46%) lower compared to the city of Seattle.
Rents
The median rent in Covington is $1,764 per month. Compared to the surrounding areas it is roughly $305 (20%) higher.It is roughly $702 (66%) higher in comparison to the rest of the country, and is roughly $150 (9%) higher in comparison to the city of Seattle.
Nearby places
Lake Morton-Berrydale
Lake Morton-Berrydale is Covington's neighbor to the south. Its real estate prices are a little more expensive. The cost of the median home in Lake Morton-Berrydale is $414,300, which comes out to $57,000 (13%) higher than Covington. Rents there are somewhat less expensive. Lake Morton-Berrydale's median rent is $1,539 per month, which comes out to $225 (14%) lower than Covington.
Shadow Lake
Shadow Lake is Covington's neighbor to the northeast. Its real estate prices are somewhat more expensive. Shadow Lake's median home price is $486,900, which comes out to $129,600 (26%) higher than Covington. Rents there are significantly less expensive. Shadow Lake's median monthly rent is $1,200, which comes out to $564 (47%) lower than Covington.
Maple Valley
Maple Valley is Covington's neighbor to the east. Its real estate prices are a little more expensive. The price of the median home in Maple Valley is $414,400, which comes out to $57,100 (13%) higher than Covington. Rent there is somewhat more expensive. In Maple Valley the median rent is $2,003 per month, which is $239 (11%) higher than Covington.
Kent
Kent is Covington's neighbor to the west. The real estate prices there are pretty similar. The median home in Kent costs $346,400, which works out to $10,900 (3%) lower than Covington. Its rents are a bit less expensive. In Kent the median monthly rent is $1,385, which comes out to $379 (27%) lower than Covington.
Lake Holm
Lake Holm is approximately 4 miles south from Covington. The real estate prices there are a little more expensive. The median home in Lake Holm costs $472,800, which is $115,500 (24%) higher than Covington. Its rents are substantially less expensive. The median monthly rent in Lake Holm is $1,168, which works out to $596 (51%) lower than Covington.
