Median home value: $314K (-0.5% YoY). Rent: $1,570/mo. Price-to-rent: 16.6x. Part of New Orleans-Metairie, LA.
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Basic Zillow data only. For stress scores, AI analysis, and trends, New Orleans-Metairie, LA metro page.
Home Value$313,570
-0.5%
Rent$1,570/mo
AFFORDABILITYRenting $378/mo cheaper ($1,570 rent)6.00% 30yr, 20% down, county tax + LA ins. 28% per HUD.
Enter your income for Covington.
$62,714 on $313,570
Stretch — 31.2% of income
Above 28% but manageable with cuts.
PITI$1,948
P/I31.2%
Afford$282K
Gap-$32K
P&I $1,504Tax $144Ins $300
Home Buying Kit For Dummies (2025)Financing, negotiation, closing