The median home in Covington, Tennessee is valued at $199,385, up 1.0% year over year. Typical monthly rent is $1,100, producing a price-to-rent ratio of 15.1x — near the national average of 18x. Covington is part of the Memphis, TN-MS-AR metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
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Under the 28% guideline.
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