Median home value in zip code 47932 (Covington, IN) is $218,471, up 3.5% year over year. Part of the Lafayette-West Lafayette, IN metropolitan area.

Home Value$218,471

YoY Change

+3.5%

Prices rising — worse for buyers.

Affordability

Enter your income for 47932 (Covington).

Income (annual)

Down Payment

$43,694 on $218,471

Example: $75,000 household income. Change it above to see your own.

Affordable22.3% of income

Under the 28% guideline.

PITI$1,393

P/I22.3%

Afford$274K

Room+$56K

P&I $1,105Tax $155Ins $133

6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

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

Metro Analysis

47932 is part of the Lafayette-West Lafayette, IN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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