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Short Sale Listings in Covington, TN

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Covington, TN Foreclosures

How much do homes sell for in Covington, TN?
The average home price is currently $218,033.
In Covington, TN, how many homes are available?
There are currently 2 active home listings available in Covington.
What’s the average rental cost in Covington, TN?
The average rental price in Covington is $942.
What is the most expensive home in Covington?
The most expensive home sold in Covington had a price of $9,131,368.
What is currently the cheapest priced home in Covington, TN?
The cheapest home for sale in Covington is priced at $10,104.

Living in Covington, TN

Covington, TN is a charming and historic city that offers a welcoming atmosphere with a variety of local shops and restaurants. Known for its great schools and family-friendly parks, it provides residents with a blend of small-town living and essential amenities. With easy access to major highways, residents can enjoy both peaceful living and convenient travel to larger urban centers.

Current Market Conditions in Covington, TN

The real estate market in Covington, TN is currently showing signs of stability with a balanced inventory for buyers and sellers. Homes are selling steadily, with a slight increase in listings compared to previous months. The average home price in the area has remained relatively affordable, making it appealing to a wide demographic, including first-time home buyers and families seeking value.

Recent trends indicate a growing interest in Covington as urban dwellers seek out more suburban and rural living environments. The demand for homes in this area remains positive, supported by its appealing quality of life and accessible amenities.

Home Value Estimator For Covington, TN

There are currently 5,541 real estate properties in Covington, TN, with a median automated valuation model (AVM) price of $185,419.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Covington, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Covington, TN, is $218,033.00, with the most expensive house in Covington, TN, topping out at $9,131,368.00 and the cheapest home in Covington, TN, clocking in at $10,104.00. In other words, there’s something for every potential homebuyer or savvy investor in Covington, TN!

Rent Prices In Covington, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Covington, TN, is on a rollercoaster ride. The average rent price in Covington, TN, is $942.00. Indeed, when looking to rent in Covington, TN, you can expect to pay as little as $460.00 or as much as $2,300.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Covington, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Covington, TN Short Sale Listings

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