2026 Affordability Data
Most Affordable Neighborhoods in Covington - 2026 Data
The median home value in Covington is $156,700, 44% below nat'l avg. Median rent is $843/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Covington, TN area.
Key Takeaways: Affordability in Covington
- 1The most affordable neighborhood in Covington is Memphis, with a median home value of $135,000.
- 2Covington's median home value is $156,700, 44% below nat'l avg (national: $281,900).
- 3Median rent in Covington is $843/month, 28% 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
$156,700
44% below nat'l avg
Median Rent
$843/mo
28% below nat'l avg
Median Income
$44,384
40% below nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Covington (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | MemphisTN | $135,000 |
| 2 | NashvilleTN | $365,000 |
| 3 | ColliervilleTN | $409,000 |
| 4 | JacksonTN | $169,300 |
| 5 | KingsportTN | $181,600 |
| 6 | Spring HillTN | $389,800 |
| 7 | NolensvilleTN | $601,900 |
| 8 | BrownsvilleTN | $108,300 |
| 9 | AlcoaTN | $216,100 |
| 10 | ArlingtonTN | $338,900 |
| 11 | ManchesterTN | $202,200 |
| 12 | HendersonvilleTN | $364,700 |
| 13 | SmyrnaTN | $285,200 |
| 14 | AthensTN | $182,100 |
| 15 | FranklinTN | $574,000 |
Detailed Neighborhood Profiles
Home Value: $135,000
Rent: $1,416/mo
Affordability: 148
Population: 633,104
Walk Score: 89/100
Home Value: $365,000
Rent: $2,078/mo
Affordability: 125
Population: 689,447
Walk Score: 98/100
Home Value: $409,000
Rent: $1,363/mo
Affordability: 102
Population: 51,170
Walk Score: 0/100
4
Home Value: $169,300
Rent: $1,363/mo
Affordability: 102
Population: 67,993
Walk Score: 0/100
5
Home Value: $181,600
Rent: $1,363/mo
Affordability: 102
Population: 55,415
Walk Score: 0/100
6
Home Value: $389,800
Rent: $1,363/mo
Affordability: 102
Population: 51,319
Walk Score: 0/100
7
Home Value: $601,900
Rent: $1,363/mo
Affordability: 102
Population: 14,444
Walk Score: 0/100
8
Home Value: $108,300
Rent: $1,363/mo
Affordability: 102
Population: 9,739
Walk Score: 0/100
9
Home Value: $216,100
Rent: $1,363/mo
Affordability: 102
Population: 11,095
Walk Score: 0/100
10
Home Value: $338,900
Rent: $1,363/mo
Affordability: 102
Population: 14,342
Walk Score: 0/100
11
Home Value: $202,200
Rent: $1,363/mo
Affordability: 102
Population: 12,325
Walk Score: 0/100
12
Home Value: $364,700
Rent: $1,363/mo
Affordability: 102
Population: 61,589
Walk Score: 0/100
13
Home Value: $285,200
Rent: $1,363/mo
Affordability: 102
Population: 53,760
Walk Score: 0/100
14
Home Value: $182,100
Rent: $1,363/mo
Affordability: 102
Population: 14,091
Walk Score: 0/100
15
Home Value: $574,000
Rent: $1,363/mo
Affordability: 102
Population: 83,630
Walk Score: 0/100
Frequently Asked Questions About Affordability in Covington
What is the most affordable neighborhood in Covington, TN?▾
Based on 2026 data, Memphis is the most affordable neighborhood in Covington with a median home value of $135,000. Kurby analyzed 15 neighborhoods in the Covington area to compile these rankings.
What is the median home price in Covington, TN?▾
The median home price in Covington is $156,700, which is 44% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Covington, TN?▾
The median monthly rent in Covington is $843. This is 28% 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 $44,384 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?▾
7 out of 15 ranked neighborhoods in Covington have a median home value below the national average of $281,900. The most affordable is Memphis at $135,000 (Source: Kurby, 2026).