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Advertise here →Covington, VA · Market Data
Covington, Virginia real estate market data.
Real estate market data for Covington, VA (Covington city) — Census median home value $80,200, county listing prices showing typical seasonal movement.
Covington, VA is in Covington city, Virginia — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,671, with a median household income of $42,724. Census data puts Covington's median home value at $80,200.
At a glance
Covington market snapshot
Population
5,671
Median Household Income
$42,724
Median Home Value (city)
$80,200
Median Gross Rent
$822/mo
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Covington different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Covington's median home value — across all owner-occupied homes, not just recent sales — at $80,200.
Population & Income
Covington has an estimated population of 5,671 and a median household income of $42,724, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Covington's Census-reported median home value works out to about 1.9x the area's median household income, and median gross rent runs roughly 23% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Covington FAQ
What are home values like in Covington, VA?
The Census Bureau's American Community Survey puts Covington's median home value at $80,200.
What is the population of Covington, VA?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Covington's population at approximately 5,671.
What's the median rent in Covington, VA?
The Census ACS estimates median gross rent in Covington at approximately $822 per month.
What is the median household income in Covington, VA?
Census ACS data puts the median household income in Covington at approximately $42,724.
Is Covington, VA affordable relative to income?
Census ACS data puts Covington's median home value at about 1.9 times the median household income, with median gross rent equal to roughly 23% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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