ZIP Code · LA

ZIP 70433

Part of Covington, LA

Pop. 41,876·Saint Tammany Parish·34th most expensive ZIP in Louisiana

Median rent (all units)

$1,526/mo

Year-over-Year

+1.5%

Month-over-Month

Stable

vs US Median

-$406

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 70433 · $1,526

More affordable than 71% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,100

1 BR

$1,260

2 BR

$1,520

3 BR

$1,940

4 BR+

$2,270

Research median

$1,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

April. Asking rents in ZIP 70433 usually run 0.8% below trend in April and 0.9% above it in October, about $26 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 70433 is 1.9% below its high of $1,555 in February 2026, at $1,526 as of September 2026.

Past year vs. the rest of Louisiana

Rent in ZIP 70433 changed +1.5% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 70433 rose 30.3% while median household income rose 12.6% ($72,123 to $81,241). Rent outpaced income.

Since before the pandemic

Rent in ZIP 70433 is 33.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($81,241) is $2,031 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,940); a 4-bedroom is $2,270.

From Zillow's monthly rent index (ZORI) for ZIP 70433. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,312/yr

At $1,526/mo median

Location

CityCovington

StateLA

CountySaint Tammany Parish

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.5% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 70433 (Covington, LA) is majority owner-occupied, has a large retiree population, 47% of residents hold a bachelor's degree or higher.

Population

41,876

Median income

$81,241

Median age

41.2

Renters

29.6%

Age distribution

22.1%

19.4%

26.6%

20.8%

Under 1822.1%

18–3419.4%

35–5426.6%

55–6411.1%

65+20.8%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

78.9%

White78.9%

Black8.8%

Hispanic8.2%

Asian1%

Other3.1%

Education (25+)

19.5%

27.1%

47%

No HS diploma6.4%

HS diploma19.5%

Some college27.1%

Bachelor's+47%

Housing tenure

70.4%

29.6%

Owner70.4%

Renter29.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 70433 in Covington, LA has changed in 5 years

Rent

$1,196 → $1,526

up 27.6%

Income

$71,772 → $81,241

up 13.2%

Population

39,957 → 41,876

up 4.8%

Renter share

28.8% → 29.6%

+0.8 pts

Bachelor's+

43.4% → 47%

+3.6 pts

Median age

40.2 → 41.2

+1.0 yrs

The median rent in ZIP 70433 in Covington, LA stood at $1,196 in 2021 and currently runs about $1,526, reflecting a 27.6% increase over the period. Household income in the area moved from $71,772 to $81,241 across the same window, up 13.2% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 4.8% since 2021, moving from about 39,957 residents to roughly 41,876. College-educated residents now make up 47% of adults here, versus 43.4% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 70433 in Covington, LA look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 70433

Last updated: October 17, 2026

ZIP code 70433 covers Covington, LA. The median rent here is $1,526/mo as of October 2026. A 1-bedroom rents for a median of $1,260/mo. A 2-bedroom rents for a median of $1,520/mo.

At 23% of local median household income ($81,241/yr), ZIP 70433 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70433?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,526/mo in ZIP 70433. The local median household income is $81,241/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 70433?

Rent in ZIP 70433 has risen 1.5% over the past year as of September 2026. It sits 1.9% below its high of $1,555 in February 2026.

When is the cheapest time to rent in ZIP 70433?

Asking rents in ZIP 70433 are usually lowest in April, about 0.8% below their yearly trend, and highest in October, about 0.9% above it. At today's median that is a gap of roughly $26 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 70433?

Yes. From 2019 to 2024, rent in ZIP 70433 rose 30.3% while median household income rose 12.6%, from $72,123 to $81,241. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 70433 compare to other ZIPs in Louisiana?

ZIP 70433 is in the middle among Louisiana ZIP codes for rent, ranking #34 of 92 at $1,526/mo. Over the year to September 2026, rent in ZIP 70433 changed +1.5%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.