Covington, IN Real Estate
According to census data in the year 2000 there were 1,165 housing units in Covington.
This represents a 1.7% growth from 1,146 in 1990.
Of those housing units, 1,156 were located in either urbanized areas or urban clusters, and 9 were located in what is classified as a rural area.
Homeownership rate in Covington is about 75%.
Covington's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Covington were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.30% |
| Two Bedrooms | 27.10% |
| Three Bedrooms | 48.80% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $75,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.62 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $330 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.90% |
| Home Equity Loan | 4% |
| Simple Mortgage | 50.90% |
| Debt Free | 43.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.7% |
