The housing in Covington, TN 38019 is significantly more affordable than the national average. The median value of a home in this area is $162,700, as opposed to the US median home value of $338,100. This large difference provides a great opportunity for prospective homebuyers to purchase real estate at an excellent price. In addition to this affordability, the 1 year appreciation of houses in this region is 15.27%, which is higher than the national average of 8.27%. Therefore, Covington should be considered by those looking to purchase real estate due to its affordability and potential for future growth in value.
The median home cost in Covington (zip 38019) is $162,700. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Covington (zip 38019) is up 20.2%.
Average Age of Homes
- The median age of Covington (zip 38019) real estate is 37 years old
The Rental Market in Covington (zip 38019)
- Renters make up 34.8% of the Covington (zip 38019) population
- 2.5% of houses and apartments in Covington (zip 38019), 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.