Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Covington City area can be challenging. Home prices in Covington City are now at a median cost of $67,541, lower than the Virginia average of $323,261.
The average cost of rent is $728/mo in Covington City, primarily driven by the current value of real estate in the Covington City area. While nearly 63.47% of residents own their homes outright in Covington City, 25.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington City is $3,166 per month. Households that rent pay about 23.00% of their income on rent here. Covington City's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the county.
Nearby Counties
- Alleghany County, VA: higher priced homes
- Greenbrier County, WV: higher priced homes
- Lexington City, VA: higher priced homes
- Rockbridge County, VA: higher priced homes
- Buena Vista City, VA: higher priced homes
- Summers County, WV: higher priced homes
- Nelson County, VA: higher priced homes
- Raleigh County, WV: higher priced homes
- Wyoming County, WV: equally priced homes
- Fluvanna County, VA: higher priced homes
Counties with Similar Populations
- Clarke County, MS: higher priced homes
- Washington County, AL: higher priced homes
- Ceiba Municipio, PR: higher priced homes
- Chariton County, MO: higher priced homes
- Washakie County, WY: higher priced homes
- Charles Mix County, SD: higher priced homes
- Charlotte County, VA: higher priced homes
- Charlton County, GA: higher priced homes
- Chase County, KS: higher priced homes
- Warren County, IN: higher priced homes
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