Median home value in zip code 38019 (Covington, TN) is $201,889, up 1.3% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$201,889

YoY Change

+1.3%

Prices rising — worse for buyers.

Affordability

Enter your income for 38019 (Covington).

Income (annual)

Down Payment

$40,378 on $201,889

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

Affordable22% of income

Under the 28% guideline.

PITI$1,376

P/I22%

Afford$257K

Room+$55K

P&I $1,021Tax $188Ins $167

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

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

Metro Analysis

38019 is part of the Memphis, TN-MS-AR metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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