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Covington, VA
Full City Profile · Virginia · Covington city County
2.7
/5.0
C+
Fair
5,671
Population
1,037/sq mi density
$42,724
Median Income
$24,067 per capita
$80,200
Home Value
$153,868 Zillow
$822
Median Rent
28.8% income on rent
53°F
Avg Temperature
317 sunny days/yr
93
Violent Crime/100K
2,159 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$42,724 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$80,200 home value, $822/mo rent
F
Safety
1.0 / 5.0
93 violent crimes/100K
D
Education
1.8 / 5.0
9.6% bachelor's degree or higher
Housing Overview
Median Home Value
$80,200
72% below
US avg: $281,900
Median Rent
$822/mo
29% below
US avg: $1,163/mo
Homeownership Rate
71.4%
9% above US avg (65.4%)
Total Housing Units
3,049
Median year built: 1950
Home Value by Source
Census Median
$80,200
Zillow (ZHVI)
$153,868
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
71.4%
Owner-Occupied
28.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$773/mo
1 Bedroom
$778/mo
2 Bedroom
$914/mo
3 Bedroom
$1,259/mo
4 Bedroom
$1,358/mo
Census median rent:
$822/mo
Affordability & Housing Stock
Rent Burden
28.8%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
1950
Average age of housing stock: 76 years
Homeownership Rate
71.4%
Complete Housing Data
Home Values
| Census Median Value | $80,200 |
| Zillow Home Value (ZHVI) | $153,868 |
Rent
| Census Median Rent | $822 |
| FMR Studio | $773 |
| FMR 1-Bedroom | $778 |
| FMR 2-Bedroom | $914 |
| FMR 3-Bedroom | $1,259 |
| FMR 4-Bedroom | $1,358 |
Market
Ownership & Stock
| Owner-Occupied | 71.4% |
| Renter-Occupied | 28.6% |
| Homeownership Rate | 71.4% |
| Total Housing Units | 3,049 |
| Median Year Built | 1950 |
| Rent Burden | 28.8% |