Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Covington area can be challenging. Home prices in Covington are now at a median cost of $97,609, lower than the Virginia average of $323,261.
The average cost of rent is $688/mo in Covington, primarily driven by the current value of real estate in the Covington area. While nearly 61.69% of residents own their homes outright in Covington, 18.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $3,925 per month. Households that rent pay about 17.53% of their income on rent here. Covington's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Rayon Terrace, VA: higher priced homes
- Idlewilde, VA: higher priced homes
- Clearwater Park, VA: higher priced homes
- Mallow, VA: equally priced homes
- Clifdale, VA: higher priced homes
- Callaghan, VA: higher priced homes
- Falling Spring, VA: higher priced homes
- Rich Patch, VA: higher priced homes
- Low Moor, VA: equally priced homes
- Carloover, VA: equally priced homes
Cities with Similar Populations
- Chadds Ford, PA: higher priced homes
- Gypsum, CO: higher priced homes
- Carthage, NC: higher priced homes
- Haledon, NJ: higher priced homes
- Haleiwa, HI: higher priced homes
- West Olive, MI: higher priced homes
- Cedar Hills, UT: higher priced homes
- Center Valley, PA: higher priced homes
- Centerville, GA: higher priced homes
- Centerville, MA: higher priced homes
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