housing costs · Virginia
Housing costs in Covington city
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $794 | ± $219 | evidence → |
| 2019–2023 | $822 | ± $220 | evidence → |
| 2018–2022 | $718 | ± $269 | evidence → |
| 2017–2021 | $802 | ± $201 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $83,500 | ± $5,761 | evidence → |
| 2019–2023 | $80,200 | ± $12,125 | evidence → |
| 2018–2022 | $80,100 | ± $9,160 | evidence → |
| 2017–2021 | $69,800 | ± $6,543 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 28.8 % | ± 6.7 % | evidence → |
| 2019–2023 | 28.8 % | ± 6.8 % | evidence → |
| 2018–2022 | 27.2 % | ± 4.1 % | evidence → |
| 2017–2021 | 26.4 % | ± 3.8 % | evidence → |
In context
Median rent in Covington city is $794, below the Virginia median of $1,059 across 133 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.