HomeWashingtonKing CountyCovington city
Covington city, Washington: commercial real estate data.
Covington city is a Census city of 21,233 people across 5.93 square miles of land, in King County. Median household income is $134,502, 78.9 percent of occupied homes are owned, and the SBA record carries 26 7(a) approvals to borrowers here worth $8.4 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Covington
What Covington is
- Census place typecity
- Land area5.93 sq mi
- Water area0.11 sq mi
- Population per square mile of land3,580
- County holding the largest share of its areaKing 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
- Population21,233
- Median age36.4
- Population under 185,005
- Share under 1823.6 percent
- Population 65 and over2,578
- Share 65 and over12.1 percent
- Households7,377
- Family households5,570
- Share of households that are families75.5 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$134,502
- Per capita income$54,866
- Civilian labor force11,811
- Employed11,323
- Unemployed488 plus or minus 164
- Unemployment rate4.1 percent plus or minus 1.4
- Adults 25 and over14,486
- Adults 25 and over with a high school diploma or higher94.8 percent
- Adults 25 and over with a bachelor degree or higher37.3 percent
- Adults 25 and over with a graduate degree13.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Housing in Covington
- Housing units7,622
- Occupied units7,377
- Vacant units245 plus or minus 167
- Vacancy rate3.2 percent plus or minus 2.2
- Owner occupied5,824
- Renter occupied1,553 plus or minus 341
- Ownership rate78.9 percent
- Median owner-occupied home value$637,300
- Median gross rent, monthly$2,232
- Annual rent as a share of median income19.9 percent
- Single family units6,647
- Share single family87.2 percent
- Units in buildings of two or more797 plus or minus 193
- Share in buildings of two or more10.5 percent plus or minus 2.5
- Mobile homes164 plus or minus 104
- Median year structure built1994
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 commute8,831
- Commuting under 15 minutes1,051 plus or minus 239
- Share commuting under 15 minutes11.9 percent plus or minus 2.6
- Commuting 30 minutes or more5,446
- Share commuting 30 minutes or more61.7 percent
- Drove alone69.2 percent
- Carpooled9.3 percent plus or minus 2.9
- Public transport0.8 percent plus or minus 0.5
- Walked0.7 percent plus or minus 0.5
- Worked from home19.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
SBA loans in Covington (7(a))
- Approvals26
- Gross approval$8,357,900
- Average approval$321,458
- Median approval$158,000
- Ninetieth percentile approval$631,000
- Largest approval$2,507,000
- Jobs supported231
- Jobs per approval8.9
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more7.7 percent
- Share to franchises15.4 percent
- Distinct lenders13
- Distinct industries by NAICS20
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Covington
SBA loans in Covington (504)
- Approvals4
- Gross approval$3,325,000
- Average approval$831,250
- Median approval$1,030,000
- Largest approval$1,347,000
- Jobs supported3
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
King County, not Covington
King County context, not Covington figures
These are King County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Covington measurements.
- Establishments in King County70,376
- Employment at those establishments, King County1,305,947
- Covered employment, King County1,449,785
- Average annual pay, King County$132,279
- Average weekly wage, King County$2,544
- Housing units permitted, King County10,564
- Of those, single family, King County2,352
- County product, 2024, King County$477,154,354,000
- County product change over the prior year, King County7.9 percent
- Average income of an arriving household, King County$117,917
Every figure in this section is published for King County as a whole and is not a measurement of Covington. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Covington questions, answered from the record.
How many people live in Covington, Washington?
21,233, in 7,377 households. Covington city covers 5.93 square miles of land, which is 3,580 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?
King 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?
$134,502. The median owner-occupied home is valued at $637,300. Median gross rent is $2,232 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?
26 7(a) approvals totalling $8.4 m, across 13 lenders, median approval $158,000, plus 4 504 approvals worth $3.3 m. 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 5 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Covington figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for King 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
Nearby