Home prices
The median home in Covington costs $111,800. It is roughly $7,720 (6%) lower in comparison to its nearby areas.It is approximately $105,700 (48%) lower in comparison to the country as a whole, and compared to the city of Memphis it is approximately $10,000 (9%) higher.
Rents
In Covington the median monthly rent is $703. Compared to the surrounding areas it is about $11 (1%) lower.In comparison to the entire country it is roughly $359 (33%) lower, and in comparison to the city of Memphis it is about $198 (21%) lower.
Nearby places
Garland
Garland is approximately 5 miles west from Covington. Housing prices there are a little more expensive. Garland's median home value is $136,100, which works out to $24,300 (17%) higher than Covington. Rent there is somewhat less expensive. In Garland the median monthly rent is $634, which comes out to $69 (10%) lower than Covington.
Burlison
Burlison is approximately 6 miles west of Covington. Housing prices there are somewhat more expensive. The median home in Burlison is valued at $126,100, which comes out to $14,300 (11%) higher than Covington. Rents there are a little less expensive. Burlison's median monthly rent is $642, which comes out to $61 (9%) lower than Covington.
Brighton
Brighton is about 7 miles southwest from Covington. Its real estate prices are somewhat more expensive. The median home value in Brighton is $135,900, which is $24,100 (17%) higher than Covington. Rents there are a bit more expensive. Brighton's median monthly rent is $986, which works out to $283 (28%) higher than Covington.
Henning
Henning is approximately 9 miles northeast from Covington. The housing prices there are significantly less expensive. The median home in Henning costs $67,800, which is $44,000 (64%) lower than Covington. The rent there is somewhat less expensive. The median monthly rent in Henning is $543, which comes out to $160 (29%) lower than Covington.
Gilt Edge
Gilt Edge is roughly 9 miles west of Covington. Its housing prices are a little more expensive. Gilt Edge's median home value is $131,700, which is $19,900 (15%) higher than Covington. Its rents are a little more expensive. In Gilt Edge the median monthly rent is $763, which comes out to $60 (7%) higher than Covington.
