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Covington city, VA

ZIP 24426 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24426

Median Home Value
$113,600
Median Rent
$517
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$730/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 24426 in Covington city, VA, a household would need roughly $31,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $730. That sits below the local median household income ($51,841), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.5%+21% vs US avg
x
Vacancy Rate
18.9%+83% vs US avg
x
Broadband Access
83.3%-4% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
10.0%-22% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
23.7%-52% vs US avg
x
Mortgage-Free
63.6%+67% vs US avg
x
$113,600
Home Value
$517
Rent
1967
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached79.6%
  • 1-unit attached0.3%
  • 2-9 units4.0%
  • 10+ units3.4%
  • Mobile home & other12.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$113,600
Median rent$517
Owner-occupied79.5%
Vacant18.9%
Price-to-income2.2x
Est. income to buy$31,000