HomeIndianaFountain CountyCovington
Covington, Indiana: commercial real estate data.
Covington is a Census city of 3,069 people across 1.45 square miles of land, in Fountain County. Median household income is $52,466, 62.0 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $360,800 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Covington
What Covington is
- Census place typecity
- Land area1.45 sq mi
- Water area0 sq mi
- Population per square mile of land2,124
- County holding the largest share of its areaFountain County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
How many people live in Covington
- Population3,069
- Median age44.3
- Population under 18668 plus or minus 146
- Share under 1821.8 percent plus or minus 4.5
- Population 65 and over624 plus or minus 128
- Share 65 and over20.3 percent
- Households1,348
- Family households824
- Share of households that are families61.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Income and work in Covington
- Median household income$52,466
- Per capita income$34,700
- Civilian labor force1,527
- Employed1,462
- Unemployed65 plus or minus 53
- Unemployment rate4.3 percent plus or minus 3.4
- Adults 25 and over2,193
- Adults 25 and over with a high school diploma or higher95.3 percent
- Adults 25 and over with a bachelor degree or higher18.2 percent plus or minus 4.8
- Adults 25 and over with a graduate degree7.3 percent plus or minus 3.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Housing in Covington
- Housing units1,447
- Occupied units1,348
- Vacant units99 plus or minus 81
- Vacancy rate6.8 percent plus or minus 5.6
- Owner occupied836
- Renter occupied512 plus or minus 153
- Ownership rate62.0 percent
- Median owner-occupied home value$164,400 plus or minus $46,743
- Median gross rent, monthly$847
- Annual rent as a share of median income19.4 percent
- Single family units980
- Share single family67.7 percent
- Units in buildings of two or more401 plus or minus 135
- Share in buildings of two or more27.7 percent plus or minus 8.9
- Mobile homes66 plus or minus 65
- Median year structure built1960
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
How Covington gets to work
- Workers 16 and over who commute1,300
- Commuting under 15 minutes702 plus or minus 202
- Share commuting under 15 minutes54.0 percent plus or minus 13.0
- Commuting 30 minutes or more261 plus or minus 94
- Share commuting 30 minutes or more20.1 percent plus or minus 6.5
- Drove alone74.8 percent
- Carpooled9.4 percent plus or minus 4.5
- Public transport1.8 percent plus or minus 2.6
- Walked4.4 percent plus or minus 3.7
- Worked from home9.6 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
SBA loans in Covington (7(a))
- Approvals2
- Gross approval$360,800
- Average approval$180,400
- Median approval$180,400
- Largest approval$294,700
- Jobs supported73
- Jobs per approval36.5
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term210 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Covington, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Covington
Flood risk in Covington
- NFIP communityCity of Covington
- NFIP community number180066
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date02/06/13
The City of Covington does not participate in the National Flood Insurance Program as community 180066 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Fountain County, not Covington
Fountain County context, not Covington figures
- Establishments in Fountain County332
- Covered employment, Fountain County4,952
- Average annual pay, Fountain County$46,309
- Housing units permitted, Fountain County19
Every figure in this section is published for Fountain County as a whole and is not a measurement of Covington.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Covington questions, answered from the record.
How many people live in Covington, Indiana?
3,069, in 1,348 households. Covington city covers 1.45 square miles of land, which is 2,124 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Covington in?
Fountain County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Covington?
$52,466. The median owner-occupied home is valued at $164,400. Median gross rent is $847 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Covington businesses?
2 7(a) approvals totaling $360,800 since FY2020, across 2 lenders, median approval $180,400. These count approvals to borrowers whose address is in Covington, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Covington borrowers get paid back?
No rate is published for Covington. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Covington in the National Flood Insurance Program?
No, it is listed but not participating. Covington appears in the FEMA Community Status Book as Covington, city of, community 180066, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Covington figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Fountain County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Covington.
Is zoning published for Covington?
No. Nothing on this page presents parcel level zoning.
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