House Prices

House Prices & Home Values Covington, TN 2026


Average Data

average house price$42,750
average size per house1117 ft²
average price per ft²39 $ / ft²

04/18/2026 - The value range (VR) for house prices in Covington, TN is $38/ sqft to $38/ sqft. An average home with 1117 sqft costs approximately $42,446 to $42,446. Covington, TN includes 1 ZIP codes and it is located in Tipton county. The lowest prices are found in ZIP 38019, while the highest are in ZIP 38019. The average price per sqare feet is $39. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Covington

3801939 $ / ft²




Historical development of home values in Covington

Year Estimated value (USD) Change vs. 2025
2010 $19,854 -53.6%
2011 $19,086 -55.4%
2012 $19,035 -55.5%
2013 $19,746 -53.8%
2014 $20,728 -51.5%
2015 $21,792 -49.0%
2016 $22,929 -46.4%
2017 $24,167 -43.5%
2018 $25,503 -40.3%
2019 $26,685 -37.6%
2020 $28,065 -34.4%
2021 $31,921 -25.3%
2022 $37,212 -13.0%
2023 $39,242 -8.2%
2024 $41,512 -2.9%
2025 $42,750 0.0%

Graph: estimated home values in Covington over time (USD)



Example: 100% financing house in Covington

Loan amount: $42,750

Interest rate: 6.00%

Fixed monthly payment: $256.31

Breakdown in the 1st month:
Interest portion: $213.75  –  Principal portion: $42.56

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $2,550.72 $524.98 $42,225.02
2 $2,518.34 $557.35 $41,667.67
3 $2,483.96 $591.73 $41,075.94
4 $2,447.47 $628.23 $40,447.71
5 $2,408.72 $666.98 $39,780.74
6 $2,367.58 $708.11 $39,072.62
7 $2,323.91 $751.79 $38,320.84
8 $2,277.54 $798.16 $37,522.68
9 $2,228.31 $847.38 $36,675.30
10 $2,176.04 $899.65 $35,775.65
11 $2,120.56 $955.14 $34,820.51
12 $2,061.65 $1,014.05 $33,806.46
13 $1,999.10 $1,076.59 $32,729.87
14 $1,932.70 $1,142.99 $31,586.87
15 $1,862.20 $1,213.49 $30,373.38
16 $1,787.36 $1,288.34 $29,085.04
17 $1,707.89 $1,367.80 $27,717.24
18 $1,623.53 $1,452.16 $26,265.08
19 $1,533.97 $1,541.73 $24,723.35
20 $1,438.88 $1,636.82 $23,086.53
21 $1,337.92 $1,737.77 $21,348.76
22 $1,230.74 $1,844.96 $19,503.80
23 $1,116.94 $1,958.75 $17,545.05
24 $996.13 $2,079.56 $15,465.49
25 $867.87 $2,207.82 $13,257.67
26 $731.70 $2,344.00 $10,913.67
27 $587.12 $2,488.57 $8,425.10
28 $433.63 $2,642.06 $5,783.04
29 $270.68 $2,805.02 $2,978.02
30 $97.67 $2,978.02 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Covington, TN


1500 sqft3900 sqft
Ø selling price$70,786$150,579
Ø fast selling$64,351$135,522
Ø high price sale$77,220$165,637

In 2026, houses in Covington, TN will be offered at an average price of $39 per square foot. A 1,500 sqft home priced at $70,786 is 23.09% more expensive per square foot than a 3,900 sqft home priced at $150,579. Home prices in Covington, TN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $104,248. Sellers who can wait longer may achieve a higher price of up to $127,414.


Covington, TN Overview

Located in Tipton County, Covington, TN blends small-town charm with convenient access to the Memphis metro.
Founded in the 1800s, Covington, Tennessee features a historic courthouse square, shaded streets, and preserved architecture.
Its central location along U.S. Highway 51 makes Covington a practical base for commuters and regional travelers.

Attractions and Lifestyle

Visitors enjoy the Downtown Covington shopping district, local eateries, and seasonal farmers markets that showcase West Tennessee flavors.
Outdoor enthusiasts can explore Cobb-Parr Memorial Park, the Hatchie River corridor, and nearby nature areas for kayaking, fishing, and birding.
Community traditions such as the Covington Heritage Festival and summer concerts on the square create a friendly, family-focused vibe.

Economy, Education, and Real Estate

The Covington, TN economy includes manufacturing, healthcare, logistics, and small businesses serving Tipton County.
Parents value strong school options through Tipton County Schools and training at the Tennessee College of Applied Technology in Covington.
Housing in Covington, Tennessee ranges from historic homes near the square to new subdivisions with easy highway access.
Whether you?re relocating, investing, or planning a weekend trip, Covington, TN offers affordability, authenticity, and room to grow.



FAQ – Home Values in Covington

What is the median home value in Covington in 2026?

In 2026, the typical home value in Covington is about $42,750 for an average home size of 1117 square feet. This corresponds to an average price of roughly $39 per square foot.

What is the average cost per square foot in Covington?

In 2026, homes in Covington sell for an average of around $39 per square foot, with a typical range between $38 and $38 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Covington is about 1117 square feet, with an estimated 2026 value around $42,750.



Locations close to Covington, TN

Crockett Mills, TN171 $ / ft²
Drummonds, TN169 $ / ft²
Dyersburg, TN193 $ / ft²
Collierville, TN130 $ / ft²
Cordova, TN106 $ / ft²
Burlison, TN63 $ / ft²
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