2025 Compare Cities Housing:
Covington, KY vs Memphis, TN

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Highlights
- The median age of a home in Covington is 33.3% older than the median age of a home in Memphis.
 Covington, KYMemphis, TNUnited States
 Median Home Age78  Unlock42
 Median Home Cost  Unlock$148,300$338,100
 Home Appr. Last 12 months15.5%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock61.3%57.0%
 Home Appr. Last 10 yrs.78.7%  Unlock101.1%
 Property Tax Rate  Unlock$14.8$11.0
 Homes Owned43.5%  Unlock57.4%
 Housing Vacant  Unlock14.0%11.2%
 Homes Rented44.0%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Covington, KYMemphis, TNUnited States
 Average Rent  Unlock$1,380$1,840
 Studio Apartment$680  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$920$1,180
 2 Bedroom Home or Apartment$1,020  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,400$1,860
 4 Bedroom Home or Apartment$1,540  Unlock$2,160
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 Vacant Housing
 Covington, KYMemphis, TNUnited States
 Vacant For Rent  Unlock4.0%1.9%
 Vacant Rented0.5%  Unlock0.4%
 Vacant For Sale  Unlock0.4%0.7%
 Vacant Sold0.5%  Unlock0.4%
 Vacant Vacation  Unlock0.3%3.6%
 Vacant Other7.9%  Unlock4.1%
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 Owner-Occupied Housing Value
 Covington, KYMemphis, TNUnited States
 Less Than $20,000  Unlock2.9%2.6%
 $20,000 to $39,9992.9%  Unlock2.4%
 $40,000 to $59,999  Unlock10.3%2.8%
 $60,000 to $79,99912.3%  Unlock3.9%
 $80,000 to $99,999  Unlock12.3%4.5%
 $100,000 to $149,99927.2%  Unlock11.3%
 $150,000 to $199,999  Unlock11.9%13.0%
 $200,000 to $299,99912.2%  Unlock20.1%
 $300,000 to $399,999  Unlock5.6%13.6%
 $400,000 to $499,9991.8%  Unlock8.3%
 $500,000 to $749,999  Unlock2.7%9.7%
 $750,000 to $999,9990.6%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.8%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.3%1.1%
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 Housing Units By Year Built
 Covington, KYMemphis, TNUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock6.3%13.6%
 2000 to 20094.5%  Unlock13.6%
 1990 to 1999  Unlock9.5%13.6%
 1980 to 19896.3%  Unlock13.2%
 1970 to 1979  Unlock17.9%14.8%
 1960 to 19696.9%  Unlock13.6%
 1950 to 1959  Unlock20.0%10.0%
 1940 to 19496.6%  Unlock4.7%
 1939 or Earlier  Unlock7.7%12.2%
Reviews for Covington    8 Reviews

Over 13 years ago

Covington is an amazing city with beautiful old homes, a rich history and just minutes away from Cincinnati Ohio and all the culture and wonderful events there. The  More

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Over 13 years ago

I grew in Covington an it used to be a great place to live but not anymoore , the crime rate is ridicoulis an herouin has taken the town over, downtown used to be  More

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Covington, Kentucky is a great place to live and work. Depending on what you do for work, Covington is a vibrant exciting city that sits directly on the Ohio River,  More

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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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