Housing & Real Estate — Covington, Washington
Overview
| Total Housing Units | 7,499 |
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| Occupied | 7,324 |
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| Vacant | 175 |
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| Owner-Occupied | 5,794 |
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| Renter-Occupied | 1,530 |
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| Median Home Value (Census) | $637,300 |
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| Estimated 2026 | ~$762,000 |
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| Median Rent | $2,220/mo |
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| Median Property Tax | $5,659/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 19.8% |
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| Severely Rent-Burdened | 43.3% |
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Housing Age
| Built 2010 or later | 1,216 |
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| Built 2000-2009 | 1,784 |
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| Built 1990-1999 | 1,453 |
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| Built before 1960 | 157 |
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| Median Year Built | 1992 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
