The median home in Covington, Virginia is valued at $151,486, up 3.8% year over year. Covington is part of the Roanoke, VA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$151,486

+3.8%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$30,297 on $151,486

Example: $75,000 household income. Change it above to see your own.

Affordable16% of income

Under the 28% guideline.

PITI$1,003

P/I16%

Afford$264K

Room+$113K

P&I $766Tax $104Ins $133

6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Virginia

Compare Covington with other housing markets across Virginia.

Great Falls$1.63M McLean$1.42M Waterford$1.28M Dunn Loring$1.19M Upperville$1.14M Vienna$1.13M Middleburg$1.11M Aldie$1.08M

Full Roanoke, VA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Roanoke, VA metro.

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Covington, VA