HomeWashingtonKing CountyCovington
Covington, Washington: commercial real estate data.
Covington 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 since FY2020.
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$154,000
- Ninetieth percentile approval$617,450
- 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
Counted by borrower city: approvals to borrowers whose address is in Covington, in any county, FY2020 to FY2026. Only 5 loans have 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
SBA loans in Covington (504)
- Approvals4
- Gross approval$3,325,000
- Average approval$831,250
- Median approval$824,000
- Largest approval$1,347,000
- Jobs supported3
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Covington, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Covington
Flood risk in Covington
- NFIP communityCity of Covington
- NFIP community number530339
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date08/19/20
The City of Covington participates in the National Flood Insurance Program as community 530339 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.
King County, not Covington
King County context, not Covington figures
- Establishments in King County70,376
- Covered employment, King County1,449,785
- Average annual pay, King County$132,279
- Housing units permitted, King County10,564
Every figure in this section is published for King 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, 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 totaling $8.4 m since FY2020, across 13 lenders, median approval $154,000, plus 4 504 approvals worth $3.3 m since FY2010. 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 loans have 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?
Yes. Covington appears in the FEMA Community Status Book as Covington, city of, community 530339, 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 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?
No. Nothing on this page presents parcel level zoning.
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