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Covington 49919

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Michigan
$176K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Housing Stock

HomesHow many homes we have records for in this area.275
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$176K
Single familyThe share of homes here that are single-family houses.98%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.97%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.39%
Company ownedThe share of homes owned by a company or trust instead of a person.19%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.126.7 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.147
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.84
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.13

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.49%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.13%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.8%
PopulationHow many people live in this area.186
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$59K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$77K
Average tempThe average temperature here across a full year.40°F
Annual precipHow much rain and melted snow falls here in a typical year.33 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.45%

How Covington 49919 compares

By median home value, Covington 49919 is the 4th most expensive of 6 ZIP codes in Baraga County, and its typical home is worth more than 43% of all homes in Baraga County.

Home values in Covington 49919

Share of homes at each estimated value.

Median
$67K$371K
ZIP codes in Baraga County ranked by median home value
#Baraga CountyMedian valueHomes
1Skanee 49962$253K599
2Michigamme 49861$243K845
3Lanse 49946$236K2,550
4Covington 49919$176K275
5Watton 49970$151K222
6Baraga 49908$124K1,229

About the Covington 49919 market

How many homes are there in Covington 49919, MI?

Covington 49919, MI contains 275 residential properties. The median TopHap Estimate is $176K.

How does Covington 49919, MI compare to the rest of Baraga County?

By median home value, Covington 49919, MI is the 4th most expensive of 6 ZIP codes in Baraga County. Its typical home is worth more than 43% of all homes in Baraga County. Lanse 49946 ranks just above it and Watton 49970 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Covington 49919, MI?

39% of homes in Covington 49919, MI are owner-occupied. 19% are held by a company rather than an individual.

How much equity do owners in Covington 49919, MI hold?

97% of mortgaged homes in Covington 49919, MI are equity-rich, meaning the loan balance is under half the home's value. 0.0% owe more than the home is worth.

Nearby markets

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Explore Covington 49919 on the map

See every recorded sale, price heat map, school zone and flood overlay across Covington 49919 in TopHap’s interactive 3D map.

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A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
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