The median home in Covington, Louisiana is valued at $313,570, down 0.5% year over year. Typical monthly rent is $1,570, producing a price-to-rent ratio of 16.6x — near the national average of 18x. Covington is part of the New Orleans-Metairie, LA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

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Home Value$313,570

-0.5%

Rent$1,570/mo

AFFORDABILITY

Enter your income for Covington.

Income (annual)

Down Payment

$62,714 on $313,570

Stretch — 32.5% of income

Above 28% but manageable with cuts.

PITI$2,029

P/I32.5%

Afford$270K

Gap-$43K

P&I $1,586Tax $144Ins $300

Renting $459/mo cheaper ($1,570 rent)6.50% 30yr, 20% down, county tax + LA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Louisiana

Compare Covington with other housing markets across Louisiana.

Elmwood$438K Vienna$377K Geismar$377K Madisonville$374K Saint Francisville$366K River Ridge$360K Stonewall$358K Mandeville$353K

Full New Orleans-Metairie, LA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New Orleans-Metairie, LA metro.

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COVINGTON, LA