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City · 11,658 residents · St. Tammany Parish, Louisiana

Covington , Louisiana

In Covington, a typical home is worth $295,100 and typical rent is $1,396 a month. Compared with all of St. Tammany Parish, typical household income is 7% lower and the share of households that own their home is 9 points lower.

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  • Typical home value

    $295,100

    4% above the parish

    36% above Louisiana

    • Covington
    • St. Tammany
    • Louisiana

  • Typical rent

    $1,396a month

    5% above the parish

    31% above Louisiana

    • Covington
    • St. Tammany
    • Louisiana

  • Typical household income

    $75,851a year

    7% below the parish

    25% above Louisiana

    • Covington
    • St. Tammany
    • Louisiana

  • Households that own their home

    70%

    9 points below the parish

    2 points above Louisiana

    • Covington
    • St. Tammany
    • Louisiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$322,831
1.6% more than 12 months ago
Typical rent
$1,528 a month
1.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Covington is in St. Tammany Parish. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of St. Tammany Parish. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Covington apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Lacombe, the typical rent is $886: 37% less than in Covington ($1,396).

  2. Nearby, in Ponchatoula, the typical home value is $200,300: 32% less than in Covington ($295,100).

  3. 70% of households in Covington own their home, against 79% in St. Tammany Parish.

  4. Covington has the 10th highest typical home value of the 96 cities in Louisiana with more than 5,000 people ($295,100).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Covington

What homes there are in Covington, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Covington, 8 in 10 homes are single-family detached houses, about the same as in St. Tammany Parish.

Year built

The typical home in Covington was built in 1991, 4 years before the typical one in St. Tammany Parish.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,850 a month

St. Tammany Parish: $1,813 a month

Without a mortgage

$613 a month

St. Tammany Parish: $611 a month

Owners with a mortgage

61%

St. Tammany Parish: 65%

Owning costs about the same in Covington as in St. Tammany Parish: with a mortgage, $1,850 a month; without one, $613.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Covington rose 27% since 2015–2019, less than in St. Tammany Parish (30%).

The typical rent in Covington rose 46% over the same time; in St. Tammany Parish, it rose 23%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCovingtonSt. Tammany ParishLouisianaUnited States
Rental vacancy Unreliable estimate6.6%7.8%5.5%
Homeowner vacancy Unreliable estimate1.1%1.3%0.9%
More than one person per room Unreliable estimate1.6%2.3%3.4%
People per household 2.452.572.492.53
Drive alone 80%77%79%69%
Carpool Unreliable estimate7%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 13%13%8%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Covington look like those in St. Tammany Parish: 2.45 people on average.

To get to work, 80% of workers in Covington drive alone; in St. Tammany Parish, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Covington?

A typical home costs more than the typical income allows

We start with a typical home in Covington, worth $295,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Covington, which is $75,851 a year. For that payment to be 28% of income, a household would need to earn about $101,733 a year.

The calculator's FHA and conventional loan limits are those of all of St. Tammany Parish.

Your numbers

Local data
$

Starts at the typical home value in Covington. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $10,329 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,374

at 7.18% · 30 years

Loan amount
$289,754
Total interest
$416,889
Paid off in
November 2056

Includes $4,983 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,770 a month

  • Tight

    $1,770 to $2,276 a month

  • Hard

    more than $2,276 a month

    Your payment · 38%

Compared with the typical household income in Covington ($75,851 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,374
Principal & interest$1,963
Property tax$157
Home insurance$123
FHA mortgage insurance (MIP)$131

You need at least $10,329 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Covington and St. Tammany Parish

Covington is in St. Tammany Parish, Louisiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Covington's own numbers

Typical home value
$295,100
Typical monthly rent
$1,396
Typical yearly household income
$75,851
Households that own their home
70%
Effective property tax rate
0.64%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of St. Tammany Parish

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,354
Price change over 5 years (FHFA)
+31%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of St. Tammany Parish.

Everything about St. Tammany Parish

Buying

Buying a home in Covington

A typical home in Covington is worth $295,100: 4% above the parish and 36% above Louisiana. With the typical household income in Covington ($75,851 a year), a typical home costs 3.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Covington 3.9 years
  • St. Tammany 3.5 years
  • Louisiana 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in St. Tammany Parish

According to FHFA’s house price index, home prices in St. Tammany Parish rose 50% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of St. Tammany Parish.

Period Parish Louisiana U.S.
Last year (2025) +2.0% +1.8% +2.9%
5 years (2020–2025) +31% +22% +47%
10 years (2015–2025) +50% +38% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Covington next to St. Tammany Parish, Louisiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Covington $295,100
  • St. Tammany $284,000
  • Louisiana $216,500
  • United States $332,700
Typical monthly rent
  • Covington $1,396
  • St. Tammany $1,332
  • Louisiana $1,064
  • United States $1,413
Typical yearly household income
  • Covington $75,851
  • St. Tammany $81,202
  • Louisiana $60,756
  • United States $80,734
See the full table
Covington next to St. Tammany Parish and Louisiana
Measure Covington St. Tammany Parish Louisiana U.S.
Typical home value $295,100 $284,000 $216,500 $332,700
Typical monthly rent $1,396 $1,332 $1,064 $1,413
Typical yearly household income $75,851 $81,202 $60,756 $80,734
Households that own their home 70% 79% 67% 65%
Typical yearly property tax $1,900 $2,028 $1,180 $3,119
Effective property tax rate 0.64% 0.71% 0.55% 0.94%
Renters with high rent for their income 48% 52% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below St. Tammany Parish. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Covington

For a typical $295,100 home in Covington, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Covington's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,374a month

    Least cash to close
    Down payment
    $10,329
    Cash to close
    $19,182
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $131

  • Conventional, 5% down $2,320a month

    Down payment
    $14,755
    Cash to close
    $23,608
    Rate
    7.18%
    Mortgage insurance
    PMI · $140

  • Conventional, 20% down, no PMI $1,880a month

    Down payment
    $59,020
    Cash to close
    $67,873
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,152a month

    Down payment
    $44,265
    Cash to close
    $53,118
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Covington and for St. Tammany Parish.

Property tax

Effective rate in Covington

0.64%of the home’s value each year

$1,900 a year for the typical owner in Covington.

  • Covington 0.64%
  • St. Tammany 0.71%
  • Louisiana 0.55%

What Louisiana publishes Homestead exemption: $7,500 of assessed value (Louisiana State Legislature (Louisiana Constitution))

Exemptions and deadlines in Louisiana

Flood risk in St. Tammany Parish

FEMA does not publish these numbers by city: they are for all of St. Tammany Parish.

FEMA’s maps count no homes in the high-risk zone in St. Tammany Parish. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Covington

Typical rent in Covington is $1,396 a month: 5% above the parish. In Covington, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of St. Tammany Parish, by unit size. To pay the 2-bedroom one ($1,354 a month) without spending more than 30% of your income, you would need to earn $26.04 an hour working full time.

HUD fair market rent for all of St. Tammany Parish

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,074 $20.65 $42,960
1 bedroom $1,164 $22.38 $46,560
2 bedrooms $1,354 $26.04 $54,160
3 bedrooms $1,745 $33.56 $69,800
4 bedrooms $1,997 $38.40 $79,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Covington

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Covington is in ZIP code 70433.

For 2 bedrooms it is $1,440: $86 more than the fair market rent for St. Tammany Parish ($1,354).

  • 70433 $1,440$1,860

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Covington when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Covington

HUD lists 6 buildings with rents for lower incomes in Covington. These are the largest.

  • Helen Frick/Harry Owens Villa 1201 W 25th Ave, Covington 70433 50 homes, 49 low-income · Run by Housing Authority of City of Covington · Average payment: $440 a month · Average wait: 19 months (985) 898-0345
  • Palmetto Greens 900 Emerald Forest Blvd, Covington 70433 144 homes · 1 bd: 8 · 2 bd: 8 · In service since 2010 · For families
  • New Covington 1027 Polders Lane, Covington 70433 94 homes · 2 bd: 2 · In service since 2011
  • Pine Crest 2000 Pine Crest Ave, Covington 70433 84 homes · 2 bd: 24 · 3 bd: 11 · 4 bd: 7 · In service since 2009 · For families
  • Audrey Heights 172 Audrey Ln, Covington 70435 36 homes · 3 bd: 2 · In service since 2009 · For families

See all 25 buildings in St. Tammany Parish Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Covington

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in St. Tammany Parish; none says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Covington

No down payment, repair or rent-help program on our list is for Covington or St. Tammany Parish. The ones below are statewide in Louisiana: they work in Covington the same as in the rest of the state.

Which programs do I qualify for? All programs in Louisiana

  • HomeStart Assist

    Statewide in Louisiana

    Louisiana state corporation 30-year mortgage for first-time buyers with 4% of the loan in assistance, as a 0% second mortgage forgiven after 60 months. Offered by Louisiana Housing Corporation (LHC).

    Forgivable

    See the program Official page

  • HomeStart Advantage

    Statewide in Louisiana

    Louisiana state corporation 30-year mortgage with 4% of the loan in assistance, as a 0% second mortgage forgiven after 60 months; you do not need to be a first-time buyer, but you cannot own another home at closing. Offered by Louisiana Housing Corporation (LHC).

    Forgivable

    See the program Official page

Housing counselors near Covington

The HUD-approved agencies closest to the center of Covington, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Habitat for Humanity ST. Tammany West

    1400 North Ln, Mandeville · 6 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 4 more
    (985) 888-1214

  • Bogalusa Rebirth

    305 Avenue B Ste 111, Bogalusa · 25 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 5 more
    (985) 735-7283

  • NSC (naca Counseling Subsidiary) - New Orleans, LA

    10555 Lake Forest Blvd Ste 3J, New Orleans · 32 miles away · Spanish

    (504) 241-2090

Every agency in St. Tammany Parish All counseling agencies in Louisiana

Help in Spanish near Covington

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Covington

HUD’s record names them for Covington or St. Tammany Parish. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of City of Covington Public housing and Section 8 vouchers (985) 898-0345

One other authority has an office in St. Tammany Parish: see the list Source: HUD

Cities

Other cities in St. Tammany Parish

These cities are also in St. Tammany Parish. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about St. Tammany Parish Housing in Louisiana

Nearby cities

The cities closest to Covington, with the typical home value.

Neighboring counties

If St. Tammany Parish is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Covington.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Covington

Short answers with the numbers for Covington and all of St. Tammany Parish. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Covington?

The typical home value in Covington is $295,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in St. Tammany Parish it is $284,000.

How much does it cost to rent in Covington?

Typical rent in Covington is $1,396 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in St. Tammany Parish is $1,354.

What is the FHA loan limit in Covington?

Covington uses the FHA limit for all of St. Tammany Parish (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Covington?

The typical homeowner in Covington pays $1,900 a year, according to the U.S. Census Bureau. That is 0.64% of the home’s value; in St. Tammany Parish, the rate is 0.71%.

Where can I find free help to buy or rent in Covington?

There is 1 HUD-approved counseling agency with an office in St. Tammany Parish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).