The median home in Covington, Washington is valued at $660,760, down 2.6% year over year. Typical monthly rent is $2,347, producing a price-to-rent ratio of 23.5x — well above the national average of 18x. Covington is part of the Seattle-Tacoma-Bellevue, WA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Seattle-Tacoma-Bellevue, WA stress score, crash risk, and 12-month forecast →

Home Value$660,760

-2.6%

Rent$2,347/mo

AFFORDABILITY

Enter your income for Covington.

Income (annual)

Down Payment

$132,152 on $660,760

Out of reach — 64% of income

Need $171,300/yr to afford.

PITI$3,997

P/I64%

Afford$289K

Gap-$371K

P&I $3,341Tax $540Ins $117

Renting $1,650/mo cheaper ($2,347 rent)6.50% 30yr, 20% down, county tax + WA ins. 28% per HUD.

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

Other cities in Washington

Compare Covington with other housing markets across Washington.

Hunts Point$7980K Medina$4383K Yarrow Point$4207K Clyde Hill$4012K Beaux Arts Village$2758K Woodway$2301K Mercer Island$2243K Sammamish$1569K

Full Seattle-Tacoma-Bellevue, WA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Seattle-Tacoma-Bellevue, WA metro.

View Seattle-Tacoma-Bellevue, WA metro →

COVINGTON, WA