Home prices
The median home in Covington costs $72,900. In comparison to the surrounding areas this is roughly $63,540 (46%) lower.It is roughly $144,600 (66%) lower in comparison to the rest of the nation, and compared to the city of Roanoke is about $62,200 (46%) lower.
Rents
Covington's median rent is $619 per month. It is about $165 (21%) lower in comparison to its nearby areas.It is about $443 (41%) lower compared to the rest of the country, and it is roughly $195 (23%) lower compared to the city of Roanoke.
Nearby places
Clifton Forge
Clifton Forge is approximately 8 miles east from Covington. The real estate prices there are a bit more expensive. The median home in Clifton Forge costs $78,800, which works out to $5,900 (7%) higher than Covington. Rents there are somewhat more expensive. The median monthly rent in Clifton Forge is $653, which comes out to $34 (5%) higher than Covington.
Iron Gate
Iron Gate is about 9 miles east of Covington. Its housing prices are pretty similar. The price of the median home in Iron Gate is $70,400, which is $2,500 (3%) lower than Covington. Rents there are a little more expensive. In Iron Gate the median rent is $838 per month, which is $219 (26%) higher than Covington.
White Sulphur Springs
White Sulphur Springs is roughly 14 miles west of Covington. Real estate prices there are substantially more expensive. The value of the median home in White Sulphur Springs is $125,700, which works out to $52,800 (42%) higher than Covington. Its rents are pretty similar. The median monthly rent in White Sulphur Springs is $637, which works out to $18 (2%) higher than Covington.
Fincastle
Fincastle is roughly 20 miles south from Covington. Its real estate prices are substantially more expensive. The cost of the median home in Fincastle is $211,500, which comes out to $138,600 (65%) higher than Covington. Rents there are significantly more expensive. Fincastle's median monthly rent is $1,000, which comes out to $381 (38%) higher than Covington.
New Castle
New Castle is approximately 20 miles south of Covington. The housing prices there are a lot more expensive. The median home in New Castle costs $195,800, which comes out to $122,900 (62%) higher than Covington. Its rents are a little more expensive. In New Castle the median rent is $794 a month, which is $175 (22%) higher than Covington.
