House Prices

House Prices & Home Values Covington, MI 2026


Average Data

average house price$555,000
average size per house1080 ft²
average price per ft²514 $ / ft²

04/21/2026 - The value range (VR) for house prices in Covington, MI is $514/ sqft to $514/ sqft. An average home with 1080 sqft costs approximately $555,120 to $555,120. Covington, MI includes 1 ZIP codes and it is located in Baraga county. The lowest prices are found in ZIP 49919, while the highest are in ZIP 49919. The average price per sqare feet is $514. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Covington

49919522 $ / ft²




Historical development of home values in Covington

Year Estimated value (USD) Change vs. 2025
2010 $257,752 -53.6%
2011 $247,785 -55.4%
2012 $247,118 -55.5%
2013 $256,354 -53.8%
2014 $269,101 -51.5%
2015 $282,913 -49.0%
2016 $297,677 -46.4%
2017 $313,744 -43.5%
2018 $331,089 -40.3%
2019 $346,441 -37.6%
2020 $364,351 -34.4%
2021 $414,409 -25.3%
2022 $483,108 -13.0%
2023 $509,460 -8.2%
2024 $538,933 -2.9%
2025 $555,000 0.0%

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



Example: 100% financing house in Covington

Loan amount: $555,000

Interest rate: 6.00%

Fixed monthly payment: $3,327.51

Breakdown in the 1st month:
Interest portion: $2,775.00  –  Principal portion: $552.51

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $33,114.60 $6,815.47 $548,184.53
2 $32,694.24 $7,235.83 $540,948.71
3 $32,247.95 $7,682.12 $533,266.59
4 $31,774.13 $8,155.93 $525,110.65
5 $31,271.09 $8,658.97 $516,451.68
6 $30,737.02 $9,193.04 $507,258.64
7 $30,170.02 $9,760.05 $497,498.59
8 $29,568.04 $10,362.03 $487,136.57
9 $28,928.93 $11,001.13 $476,135.43
10 $28,250.41 $11,679.66 $464,455.77
11 $27,530.03 $12,400.03 $452,055.74
12 $26,765.22 $13,164.84 $438,890.90
13 $25,953.24 $13,976.82 $424,914.08
14 $25,091.18 $14,838.88 $410,075.20
15 $24,175.96 $15,754.11 $394,321.09
16 $23,204.28 $16,725.79 $377,595.30
17 $22,172.67 $17,757.40 $359,837.90
18 $21,077.43 $18,852.64 $340,985.26
19 $19,914.64 $20,015.43 $320,969.84
20 $18,680.13 $21,249.93 $299,719.90
21 $17,369.48 $22,560.58 $277,159.32
22 $15,977.99 $23,952.07 $253,207.25
23 $14,500.68 $25,429.38 $227,777.87
24 $12,932.25 $26,997.81 $200,780.06
25 $11,267.09 $28,662.98 $172,117.08
26 $9,499.22 $30,430.85 $141,686.24
27 $7,622.31 $32,307.75 $109,378.48
28 $5,629.64 $34,300.42 $75,078.06
29 $3,514.06 $36,416.00 $38,662.06
30 $1,268.01 $38,662.06 $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, MI


1500 sqft3900 sqft
Ø selling price$932,911$1,984,555
Ø fast selling$848,101$1,786,099
Ø high price sale$1,017,721$2,183,010

In 2026, houses in Covington, MI will be offered at an average price of $514 per square foot. A 1,500 sqft home priced at $932,911 is 23.35% more expensive per square foot than a 3,900 sqft home priced at $1,984,555. Home prices in Covington, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $1,373,922. Sellers who can wait longer may achieve a higher price of up to $1,679,239.


Covington, MI Travel Guide

Covington, MI is a small unincorporated community in Covington Township of Baraga County in Michigan's Upper Peninsula.

Travelers come for its peaceful forests, clear lakes, and the authentic rural character of Covington, Michigan.

Location and Access

The community sits near the junction of US-141 and M-28, making it an easy stop between major Upper Peninsula destinations.

From town, trailheads, inland lakes, and scenic backroads are a short drive away for convenient day trips.

Outdoor Recreation and Things to Do

Popular things to do in Covington, MI include hiking, fishing, paddling, and hunting on surrounding public lands and nearby forests.

Winter brings reliable snow for snowmobiling, cross country skiing, and quiet wildlife tracking in the woods.

Culture and Community

Local heritage reflects logging traditions and strong Finnish American roots that shape community halls, churches, and foodways.

Summer weekends often feature small town gatherings, craft markets, and live music in parks and pavilions.

Visitor Tips

Amenities include a post office, fuel, and lodging or campgrounds nearby, while larger services are available in L'Anse, Baraga, and Marquette.
Visitors enjoy dark sky stargazing, occasional northern lights, and memorable fall color drives around Covington, MI.



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 $555,000 for an average home size of 1080 square feet. This corresponds to an average price of roughly $514 per square foot.

What is the average cost per square foot in Covington?

In 2026, homes in Covington sell for an average of around $514 per square foot, with a typical range between $514 and $514 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 1080 square feet, with an estimated 2026 value around $555,000.



Locations close to Covington, MI

Crystal Falls, MI131 $ / ft²
Dodgeville, MI77 $ / ft²
Dollar Bay, MI129 $ / ft²
Copper Harbor, MI223 $ / ft²
Copper City, MI178 $ / ft²
Chassell, MI133 $ / ft²
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