Construction Value
$8.1M ▲ 44.1%
Units Permitted
52 ▲ 173.7%
Avg Value / Unit
$155K
2024 · Census Bureau Building Permits Survey
Construction activity in Covington jumped in 2024, up 173.7% from the prior year with 52 housing units permitted. At $155K per unit, new builds are 40% below the Tipton County average of $258K, indicating more affordable construction. Volume is still modest compared to neighboring towns (17% fewer units than the county average of 63), but the investment per project is strong. 92.3% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
A mix of single-family and multi-unit development.
Construction Intensityi
$938
per resident
County avg: $20K-95%
$706K
per square mile
Covington vs. Tipton County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 4 | 4 | $1.5M | 18% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 48 | 6 | $6.6M | 82% |
County Ranking by Construction Volume
Among 5 permit-issuing towns in Tipton County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →