Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Covington city, Virginia?
City · Census ACS 5-Year estimates
The median gross rent in Covington city, Virginia is $794/month (±$219), based on Census ACS 5-Year estimates (2024). The median home value is $83,500 (±$5,761), and the median household income is $41,944/year. The unemployment rate in Alleghany County, Virginia was 3.9% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Covington city, Virginia
| Metric | Value |
|---|---|
| Median Gross Rent | $794 |
| Median Home Value | $83,500 |
| Median Household Income | $41,944 |
| Total Housing Units | 2,576 |
| Renter-Occupied Units | 770 |
| Renter-Occupied Share | 30% |
| Households Paying 50%+ Income | 175 households |
| Unemployment Rate(April 2026) | 3.9% |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| 1 BR | $637 | +0.0% |
| 2 BR | $894 | +0.0% |
| 3 BR | $706 | +0.0% |
How does Covington city, Virginia compare?
Median gross rent ranked against all cities in Virginia.
Higher rent than 17% of cities in Virginia · 391th of 470
| # | City | Value |
|---|---|---|
| 1 | Great Falls CDP | $3,501 |
| 1 | South Run CDP | $3,501 |
| 1 | Wakefield CDP | $3,501 |
| … 387 more … | ||
| 391 | Covington city(you are here) | $794 |
| … 76 more … | ||
| 468 | St. Paul town | $460 |
| 469 | Fries town | $333 |
| 470 | Lovingston CDP | $232 |
More data for Covington city, Virginia
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Frequently asked questions
What is the average rent in Covington city, Virginia?
The median gross rent in Covington city, Virginia is $794/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Covington city, Virginia?
The median rent for a 2-bedroom in Covington city, Virginia is $894/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$191. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Covington city, Virginia?
The median home value in Covington city, Virginia is $83,500 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Covington city are rent-burdened?
In Covington city, Virginia, 175 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Covington city, Virginia?
The median household income in Covington city, Virginia is $41,944/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $794 has a margin of error of ±$219. In very small areas, MOEs can be large relative to the estimate.
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