Covington, OK—73730
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Covington, OK
As of Nov '25, the median home price in Covington, OK is $90,000, with a year-over-year change of 2.6%. This indicates that home prices in Covington, OK are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $90,000 | 2.6% |
| Single Family | $90,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Covington, OK
Covington, OK lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Covington, OK
Covington, OK lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | N/A |
Listing Count | 3 | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | 92 | N/A |
Demographics — Covington, OK
As of the latest ACS Survey released in 2023, Covington, OK has a population of 619, which has decreased by -17.8% over the past 5 years. Covington, OK is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 619 | -17.8% |
% Under 18 | 20.7% | -31.7% |
% Seniors | 22.5% | 13.1% |
% WFH | 1.4% | -92.0% |
% w/ College Degree | 23.3% | 7.9% |
As of the latest ACS Survey released in 2023, Covington, OK is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Covington, OK is hispanic, making up 5.7% of the population. Foreign-born residents account for 0.3% of the population in Covington, OK, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.0% | -7.0% |
% Black | 0.0% | N/A |
% Hispanic | 5.7% | 533.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | -66.7% |
Mortgage and Risk — Covington, OK
Covington, OK lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Covington, OK
Covington, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Covington, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $90,000 |
| Median Household Income | $60,500 |