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Advertise here →Covington, IN · Houses & Market Data
Covington, Indiana houses and real estate market data.
Houses in Covington, IN (Fountain County) — Census median home value $162,100, county listing prices up about 8.7% over the past year. Market data for Covington houses and the broader area.
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Covington, IN is in Fountain County, Indiana — this guide covers houses in Covington and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 3,112, with a median household income of $54,962. Census data puts the median value of houses in Covington at $162,100.
Info from government sites and builders may have provided source info.
Market overview
Covington housing market
Covington is in Fountain County, Indiana. Manifest Census and county price-trend data provide baseline context for houses in Covington and the surrounding county market.
Median home value (Census ACS)
$162,100
Population (Census ACS)
3,112
Median household income
$54,962
County price trend (2025)
8.68% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Covington market snapshot
Population
3,112
County
Fountain County
Median Household Income
$54,962
Median Home Value (city)
$162,100
Median Gross Rent
$841/mo
Price Trend (YoY)
+8.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Covington different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Covington's median home value — across all owner-occupied homes, not just recent sales — at $162,100.
County Price Trend
Fountain County's FHFA house price index shows a 8.68% annual change in 2025.
Population & Income
Covington has an estimated population of 3,112 and a median household income of $54,962, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Covington's Census-reported median home value works out to about 2.9x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Covington
County guide: Fountain County — cities, market context, and local resources for the county that includes Covington.
USAHouses.com also helps visitors looking in nearby Fountain County and other Indiana communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Veedersburg, Stone Bluff, Rob Roy, Cates, Lake Holiday Hideaway, Hillsboro, Attica, Mellott, Kingman, Newtown, Wallace.
Veedersburg market data
Nearby city · ~7.3 mi
Stone Bluff market data
Nearby city · ~7.4 mi
Rob Roy market data
Nearby city · ~10.2 mi
Cates market data
Nearby city · ~10.3 mi
Lake Holiday Hideaway market data
Nearby city · ~11.1 mi
Hillsboro market data
Nearby city · ~12.5 mi
Attica market data
Nearby city · ~12.6 mi
Mellott market data
Nearby city · ~12.9 mi
Kingman market data
Nearby city · ~13.5 mi
Newtown market data
Nearby city · ~13.5 mi
Wallace market data
Nearby city · ~16.7 mi
More Indiana cities with market guides: Fort Wayne, Evansville, South Bend, Fishers, Carmel, Bloomington, Hammond, Noblesville.
Fort Wayne market data
Same-state city guide
Evansville market data
Same-state city guide
South Bend market data
Same-state city guide
Fishers market data
Same-state city guide
Carmel market data
Same-state city guide
Bloomington market data
Same-state city guide
Hammond market data
Same-state city guide
Noblesville market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Foster (~4.1 mi), Perrysville (~6.6 mi), State Line City (~8.2 mi), Marshfield (~8.3 mi), West Lebanon (~9.0 mi), Williamsport (~11.4 mi), Hedrick (~12.4 mi), Eugene (~13.1 mi), Cayuga (~14.0 mi), Kramer (~14.7 mi), Judyville (~15.0 mi), Pence (~16.7 mi), Wingate (~16.9 mi), Waynetown (~17.6 mi), Newport (~17.8 mi), Independence (~17.8 mi).
New construction: New homes near Covington (Indianapolis) · Indiana new construction.
Census & home facts
Covington data from published sources
Population (ACS 2023)
3,112
Median home value (ACS 2023)
$162,100
Median household income (ACS 2023)
$54,962
Median gross rent (ACS 2023)
$841
County FHFA annual change (2025)
8.68%
Census place type
city
County
Fountain County
Land area (Census Gazetteer 2024)
1.45 sq mi
Census GEOID
1815490
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Covington
Availability and pricing are controlled by the builder and may change; confirm with the builder.
The Courtyards at Belle Terra ↗
Epcon Communities · West Lafayette, Indiana · ~32.3 mi
Risse ↗
National Home Corp · Frankfort, Indiana · ~46.9 mi
Corbett Towns ↗
Lennar · Lebanon, Indiana · ~48.5 mi · from $300,695
Angilee Gardens ↗
D.R. Horton · Lebanon, Indiana · ~49.4 mi · from $324,900
Centerra ↗
Beazer Homes · Lebanon, Indiana · ~49.5 mi
Local life
Life in Covington
Schools
Southeast Fountain School Corp — 3 schools, 989 students enrolled, per the U.S. Department of Education's Common Core of Data. Fountain addresses may be served by Southeast Fountain School Corp, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Covington FAQ
What are houses worth in Covington, IN?
The Census Bureau's American Community Survey puts the median value of houses in Covington at $162,100.
How much do houses cost in Covington, IN?
For owner-occupied houses in Covington, Census ACS data shows a median value of $162,100. Active listing prices in Fountain County may differ — see the market snapshot above.
What types of houses are in Covington, IN?
Covington houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Fountain County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Covington, IN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Covington's population at approximately 3,112.
What's the median rent in Covington, IN?
The Census ACS estimates median gross rent in Covington at approximately $841 per month.
What is the median household income in Covington, IN?
Census ACS data puts the median household income in Covington at approximately $54,962.
Is the Covington housing market growing?
Fountain County's FHFA house price index shows a 8.68% annual change in 2025.
Is Covington, IN affordable relative to income?
Census ACS data puts Covington's median home value at about 2.9 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Covington, IN?
Manifest and public school-directory data suggest Southeast Fountain School Corp for many Covington addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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