According to statistics, the population in Covington, IN amounts to 2,365, which shows decline -6% compared to the previous year. The median age of the city’s residents is 46. The average household income is $45,521, shifting decline -9% from the past year, and the average property value in Covington, IN growth 2% to $94,700 throughout the year.
|Number Of Employees||965|
|Median Property Value||$94,700|
The average household income in Covington, IN declined from $50,024 to $45,521 in the past year. This data is an estimate based upon 1,064 households in Covington, IN . The chart below presents how household income is distributed in Covington, IN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Covington, IN shifted from $93,000 to $94,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Covington, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Covington, IN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Covington, IN compared to median property taxes around the country. The prevalent amount of property taxes in Covington, IN equals $800, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|2 bed for sale||$149,000||N/A|
|3 bed for sale||$367,000||+109.7%|
|4+ bed for sale||$204,950||N/A|
During Jul 2022, the average price for an apartment in/near Covington, IN increased by 51% to $294,333.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $149,000. A 3-bed apartment goes for $367,000, it increased by 109.7% lately. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $204,950 for a big-family home.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$294,333||+51%|
Price reports demonstrate that house price increased by 51% this month making it up to $294,333.