Covington, TN
Full City Profile · Tennessee · Tipton County County
2.5
/5.0
C+
Fair
8,612
Population
753/sq mi density
$43,512
Median Income
$23,808 per capita
$163,900
Home Value
$209,520 Zillow
$910
Median Rent
30.7% income on rent
59°F
Avg Temperature
1,054
Violent Crime/100K
2,624 property/100K
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$43,512 median income, 6.5% unemployment
A+
Affordability
4.6 / 5.0
$163,900 home value, $910/mo rent
F
Safety
1.0 / 5.0
1,054 violent crimes/100K (177% above avg)
C
Education
2.1 / 5.0
13.2% bachelor's degree or higher
Housing Overview
Median Home Value
$163,900
42% below
US avg: $281,900
Median Rent
$910/mo
22% below
US avg: $1,163/mo
Homeownership Rate
48.2%
26% below US avg (65.4%)
Total Housing Units
3,724
Median year built: 1975
Home Value by Source
Census Median
$163,900
Zillow (ZHVI)
$209,520
Redfin Median Sale
$122,500
Median Sale Price
$122,500
Median List Price
$209,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
48.2%
Owner-Occupied
51.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$910/mo
Market Indicators (Redfin)
Median Sale Price
$122,500
Median Days on Market
39 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$88
Active Inventory
27
homes for sale
Affordability & Housing Stock
Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
48.2%
Complete Housing Data
Home Values
| Census Median Value | $163,900 |
| Zillow Home Value (ZHVI) | $209,520 |
| Redfin Median Sale | $122,500 |
| Median Sale Price | $122,500 |
| Median List Price | $209,900 |
| Price Per Sq Ft | $88 |
Rent
| Census Median Rent | $910 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
| Days on Market | 39 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 33.3% |
| Homes Sold | 2 |
| Active Inventory | 27 |
| Price Per Sq Ft | $88 |
Ownership & Stock
| Owner-Occupied | 48.2% |
| Renter-Occupied | 51.8% |
| Homeownership Rate | 48.2% |
| Total Housing Units | 3,724 |
| Median Year Built | 1975 |
| Rent Burden | 30.7% |