Skip to main content

IN area data

Covington, IN

Covington, IN.

Population: 5,035 (Census ACS)

Home values & appreciation

Median home value
$227,060
1-year appreciation
+4.7%
3-year appreciation
+11.7%
5-year appreciation
+24.2%
10-year appreciation
+86.9%
All-time peak (2026-06)
$227,689
House Price Index
367.2 (+2.9% YoY)

Market activity

New listings (monthly)
10

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
16.2¢/kWh
Natural gas rate (state-level)
$11.50/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
1

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
coldWave, lightning, strongWind

Climate (30-year normals)

Average annual temperature
54.0°F
Average high
64.0°F
Average low
43.0°F
Annual precipitation
47.7 in
Annual snowfall
14.0 in

Amenities

Nearest airport
Songer Airport (5 mi)
Nearest major airport
Purdue University Airport (LAF) (31 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
4
Solar radiation rating
Fair (4.0 kWh/m²/day)

Migration

Net migration
+88 tax filers

Housing stock

Median year housing built
1,971
Median annual property tax
$1,207
Mean commute to work
17 min
Households with broadband internet
58.1%

Employment & development

Total county employment
4,276
Average weekly wage
$881
Top industries (by employment)
Accommodation & Food, Finance & Insurance, Agriculture
Annual residential building permits (county)
11

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents