Covington, TN is a great place to invest in housing. The median value of homes in Covington is $156,600 which is significantly lower than the US median value of $338,100. Furthermore, the 1 year appreciation rate for homes in Covington is 15.27%, which is much higher than the national average of 8.27%. This makes investing in Covington's housing market a great option for those looking to buy or sell property.
The median home cost in Covington is $156,600. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Covington is up 20.2%.
Average Age of Homes
- The median age of Covington real estate is 42 years old
The Rental Market in Covington
- Renters make up 44.4% of the Covington population
- 3.8% of houses and apartments in Covington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.