Zip 47932 (Covington, IN) Housing

The housing median value in Covington, IN (47932) is $176,500, which is much lower than the US house median value of $338,100. Despite this difference, the 1 year house appreciation in Covington is actually higher than the US average at 10.75%, while the US average stands at 8.27%. This shows that even though Covington has a lower median value than other places around the nation, it is still an attractive option for potential home buyers due to its appreciation rate for homes.

The median home cost in Covington (zip 47932) is $176,500. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Covington (zip 47932) is up 14.6%.

Average Age of Homes

- The median age of Covington (zip 47932) real estate is 45 years old

The Rental Market in Covington (zip 47932)

- Renters make up 20.5% of the Covington (zip 47932) population
- 0.5% of houses and apartments in Covington (zip 47932), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Covington, Indiana	United States
	2,444.0	139,647,020.0
	58	42
	$176,500	$338,100
	14.6%	16.6%
	58.9%	57.0%
	84.4%	101.1%
	$6.27	$10.98
	$817	$2,690
	67.6%	57.4%
	8.6%	11.2%
	23.8%	31.4%
Vacant Housing
	0.5%	1.9%
	1.9%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	1.9%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	2.1%	2.4%
	7.1%	2.8%
	11.8%	3.9%
	13.8%	4.5%
	18.5%	11.3%
	25.3%	13.0%
	14.2%	20.1%
	3.2%	13.6%
	0.0%	8.3%
	1.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	5.0%	13.6%
	5.0%	13.6%
	11.6%	13.6%
	8.7%	13.2%
	12.4%	14.8%
	11.6%	13.6%
	14.3%	10.0%
	4.1%	4.7%
	28.8%	12.2%

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