House Prices

House Prices & Home Values Covington, IN 2026


Average Data

average house price$160,500
average size per house2066 ft²
average price per ft²78 $ / ft²

06/24/2026 - The value range (VR) for house prices in Covington, IN is $75/ sqft to $75/ sqft. An average home with 2066 sqft costs approximately $154,950 to $154,950. Covington, IN includes 1 ZIP codes and it is located in Warren county. The lowest prices are found in ZIP 47932, while the highest are in ZIP 47932. The average price per sqare feet is $78. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Covington

4793278 $ / ft²




Historical development of home values in Covington

Year Estimated value (USD) Change vs. 2025
2010 $74,539 -53.6%
2011 $71,657 -55.4%
2012 $71,464 -55.5%
2013 $74,135 -53.8%
2014 $77,821 -51.5%
2015 $81,815 -49.0%
2016 $86,085 -46.4%
2017 $90,731 -43.5%
2018 $95,747 -40.3%
2019 $100,187 -37.6%
2020 $105,366 -34.4%
2021 $119,843 -25.3%
2022 $139,710 -13.0%
2023 $147,330 -8.2%
2024 $155,854 -2.9%
2025 $160,500 0.0%

Graph: estimated home values in Covington over time (USD)



Example: 100% financing house in Covington

Loan amount: $160,500

Interest rate: 6.00%

Fixed monthly payment: $962.28

Breakdown in the 1st month:
Interest portion: $802.50  –  Principal portion: $159.78

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,576.38 $1,970.96 $158,529.04
2 $9,454.82 $2,092.52 $156,436.52
3 $9,325.76 $2,221.59 $154,214.93
4 $9,188.74 $2,358.61 $151,856.32
5 $9,043.26 $2,504.08 $149,352.24
6 $8,888.82 $2,658.53 $146,693.71
7 $8,724.84 $2,822.50 $143,871.21
8 $8,550.76 $2,996.59 $140,874.63
9 $8,365.93 $3,181.41 $137,693.22
10 $8,169.71 $3,377.63 $134,315.59
11 $7,961.39 $3,585.96 $130,729.63
12 $7,740.21 $3,807.13 $126,922.50
13 $7,505.40 $4,041.95 $122,880.56
14 $7,256.10 $4,291.24 $118,589.31
15 $6,991.42 $4,555.92 $114,033.40
16 $6,710.43 $4,836.92 $109,196.48
17 $6,412.10 $5,135.25 $104,061.23
18 $6,095.36 $5,451.98 $98,609.25
19 $5,759.10 $5,788.24 $92,821.01
20 $5,402.09 $6,145.25 $86,675.76
21 $5,023.07 $6,524.28 $80,151.48
22 $4,620.66 $6,926.68 $73,224.80
23 $4,193.44 $7,353.90 $65,870.90
24 $3,739.87 $7,807.47 $58,063.42
25 $3,258.32 $8,289.02 $49,774.40
26 $2,747.07 $8,800.27 $40,974.13
27 $2,204.29 $9,343.05 $31,631.08
28 $1,628.03 $9,919.31 $21,711.76
29 $1,016.23 $10,531.11 $11,180.65
30 $366.69 $11,180.65 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Covington, IN


1500 sqft3900 sqft
Ø selling price$141,571$301,158
Ø fast selling$128,701$271,043
Ø high price sale$154,440$331,274

In 2026, houses in Covington, IN will be offered at an average price of $78 per square foot. A 1,500 sqft home priced at $141,571 is 23.92% more expensive per square foot than a 3,900 sqft home priced at $301,158. Home prices in Covington, IN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $208,495. Sellers who can wait longer may achieve a higher price of up to $254,827.


Discover Covington, IN

Covington, Indiana is the county seat of Fountain County and a welcoming small city with authentic Midwestern charm.
Set near the scenic Wabash River, Covington blends history, community, and convenient access for residents and visitors.

Location & Access

Located just off Interstate 74 between Indianapolis and Champaign-Urbana, the city offers easy regional connectivity and quick trips to the Illinois state line.

US 136 and state routes link downtown Covington to neighboring towns, employers, and parks.

Downtown & Attractions

The walkable courthouse square features local shops, restaurants, and services anchored by the historic Fountain County Courthouse.

Popular events like the annual Covington Apple Fest draw crowds to Main Street for crafts, food, and family fun.

Outdoors & Recreation

Outdoor enthusiasts enjoy river overlooks, community parks, and nearby natural areas such as Portland Arch Nature Preserve for hiking and wildlife viewing.

Schools & Community

Families appreciate the Covington Community School Corporation, active civic groups, and a strong tradition of volunteerism and local pride.

Housing & Economy

Housing ranges from historic homes to new builds, while the local economy spans agriculture, small manufacturers, healthcare, and retail.

Plan Your Visit

Whether you are planning a visit or considering a move, Covington, IN delivers a friendly pace of life, authentic experiences, and small-town value.



FAQ – Home Values in Covington

What is the median home value in Covington in 2026?

In 2026, the typical home value in Covington is about $160,500 for an average home size of 2066 square feet. This corresponds to an average price of roughly $78 per square foot.

What is the average cost per square foot in Covington?

In 2026, homes in Covington sell for an average of around $78 per square foot, with a typical range between $75 and $75 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Covington is about 2066 square feet, with an estimated 2026 value around $160,500.



Locations close to Covington, IN

Crawfordsville, IN86 $ / ft²
Darlington, IN122 $ / ft²
Dayton, IN118 $ / ft²
Clarks Hill, IN73 $ / ft²
Chalmers, IN180 $ / ft²
Cayuga, IN130 $ / ft²




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