Median home value: $199K (+1.0% YoY). Rent: $1,100/mo. Price-to-rent: 15.1x. Part of Memphis, TN-MS-AR.

Limited Data

Basic Zillow data only. For stress scores, AI analysis, and trends, Memphis, TN-MS-AR metro page.

Home Value$199,385

+1.0%

Rent$1,100/mo

AFFORDABILITY

Enter your income for Covington.

Income (annual)

Down Payment

$39,877 on $199,385

Affordable — 19.9% of income

Under the 28% guideline.

PITI$1,241

P/I19.9%

Afford$281K

Room+$82K

P&I $956Tax $118Ins $167

Renting $141/mo cheaper ($1,100 rent)6.00% 30yr, 20% down, county tax + TN ins. 28% per HUD.

COVINGTON, TN