Covington, TN Real Estate
According to census data in the year 2000 there were 3,302 housing units in Covington.
This represents a 13.1% growth from 2,920 in 1990.
Of those housing units, 3,050 were located in either urbanized areas or urban clusters, and 252 were located in what is classified as a rural area.
Homeownership rate in Covington is about 50.3%.
Covington's vacancy rate, including seasonal lodging, is about 4.6%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Covington were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 15.80% |
| Two Bedrooms | 31.60% |
| Three Bedrooms | 36.60% |
| Four Bedrooms | 12.80% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $76,100 |
| Median Price asked for vacant units | $77,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $131 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.60% |
| Home Equity Loan | 4.60% |
| Simple Mortgage | 60.90% |
| Debt Free | 31.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
