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Fort Covington

Learn about the people, housing, costs and businesses in Fort Covington, New York

Median Home$103,300
Median Rent$781/month
Population1,094
Leading IndustriesEducation · Public Administration · Construction3% education
Home Value Growth⬆⬆+17.4% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners77% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$103k median home · lower cost than 91% of the country
Fort Covington
NY

Frequently Asked Questions

What are today's mortgage rates in Fort Covington?

As of today, the 30-year fixed mortgage rate for Fort Covington is approximately 7.489% (7.546% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fort Covington?

The median home value in Fort Covington is $103k. The median monthly rent is $781. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fort Covington?

Home values in Fort Covington have increased 17.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fort Covington?

Based on a typical all-in ownership cost of $753/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fort Covington is $52k/year.

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What industries drive the economy in Fort Covington?

The largest employment sectors in Fort Covington are public administration (28%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.