2026 Affordability Data
Most Affordable Neighborhoods in Covington - 2026 Data
The median home value in Covington is $80,100, 72% below nat'l avg. Median rent is $718/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Covington, VA area.
Key Takeaways: Affordability in Covington
- 1The most affordable neighborhood in Covington is Pulaski, with a median home value of $137,400.
- 2Covington's median home value is $80,100, 72% below nat'l avg (national: $281,900).
- 3Median rent in Covington is $718/month, 38% below nat'l avg (national: $1,163/month).
- 4We analyzed 15 neighborhoods in Covington to find the most affordable areas based on home values, rent, and affordability index.
Covington Affordability Overview
Median Home Value
$80,100
72% below nat'l avg
Median Rent
$718/mo
38% below nat'l avg
Median Income
$45,737
39% below nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Covington (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | PulaskiVA | $137,400 |
| 2 | PurcellvilleVA | $570,600 |
| 3 | ChesapeakeVA | $310,000 |
| 4 | RichmondVA | $280,000 |
| 5 | NorfolkVA | $225,000 |
| 6 | WarrentonVA | $421,000 |
| 7 | MartinsvilleVA | $82,800 |
| 8 | RoanokeVA | $162,000 |
| 9 | PortsmouthVA | $213,300 |
| 10 | WilliamsburgVA | $385,600 |
| 11 | DanvilleVA | $102,000 |
| 12 | HamptonVA | $219,800 |
| 13 | PoquosonVA | $406,700 |
| 14 | LynchburgVA | $196,000 |
| 15 | AlexandriaVA | $655,700 |
Detailed Neighborhood Profiles
Home Value: $137,400
Rent: $1,063/mo
Affordability: 137
Population: 8,982
Walk Score: 0/100
Home Value: $570,600
Rent: $1,063/mo
Affordability: 137
Population: 8,928
Walk Score: 0/100
Home Value: $310,000
Rent: $1,245/mo
Affordability: 128
Population: 249,422
Walk Score: 10/100
4
Home Value: $280,000
Rent: $1,566/mo
Affordability: 120
Population: 226,610
Walk Score: 91/100
5
Home Value: $225,000
Rent: $1,625/mo
Affordability: 104
Population: 238,005
Walk Score: 79/100
6
Home Value: $421,000
Rent: $1,267/mo
Affordability: 98
Population: 10,111
Walk Score: 0/100
7
Home Value: $82,800
Rent: $1,267/mo
Affordability: 98
Population: 13,539
Walk Score: 0/100
8
Home Value: $162,000
Rent: $1,267/mo
Affordability: 98
Population: 99,213
Walk Score: 0/100
9
Home Value: $213,300
Rent: $1,267/mo
Affordability: 98
Population: 97,384
Walk Score: 0/100
10
Home Value: $385,600
Rent: $1,267/mo
Affordability: 98
Population: 15,486
Walk Score: 0/100
11
Home Value: $102,000
Rent: $1,267/mo
Affordability: 98
Population: 42,507
Walk Score: 0/100
12
Home Value: $219,800
Rent: $1,267/mo
Affordability: 98
Population: 137,217
Walk Score: 0/100
13
Home Value: $406,700
Rent: $1,267/mo
Affordability: 98
Population: 12,479
Walk Score: 0/100
14
Home Value: $196,000
Rent: $1,267/mo
Affordability: 98
Population: 79,166
Walk Score: 0/100
15
Home Value: $655,700
Rent: $1,267/mo
Affordability: 98
Population: 157,594
Walk Score: 0/100
Frequently Asked Questions About Affordability in Covington
What is the most affordable neighborhood in Covington, VA?▾
Based on 2026 data, Pulaski is the most affordable neighborhood in Covington with a median home value of $137,400. Kurby analyzed 15 neighborhoods in the Covington area to compile these rankings.
What is the median home price in Covington, VA?▾
The median home price in Covington is $80,100, which is 72% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Covington, VA?▾
The median monthly rent in Covington is $718. This is 38% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Covington?▾
The median household income in Covington is $45,737 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Covington are below the national average home price?▾
9 out of 15 ranked neighborhoods in Covington have a median home value below the national average of $281,900. The most affordable is Pulaski at $137,400 (Source: Kurby, 2026).