Covington County, Alabama Housing Market Prices
Covington County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 64% below the Alabama median Cheaper than 83% of counties in Alabama$58,175
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Median rent 26% below the Alabama median$745
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Covington County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,175 | $160,474 | $248,835 |
| Price Trend (Annual %) | 3.2% | 6.3% | 7.5% |
| Median Gross Rent | $745 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Covington County is about 64% lower than in Alabama. Rent is about 26% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Covington County, up about 3.2% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Covington County rose about 24.6% between 2015 and 2024, from $598 to $745. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Covington County.
Buying the median-priced home in Covington County costs roughly 6.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Covington County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Covington County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,175 | $160,474 | $248,835 |
| Median Household Income | $52,694 | $64,544 | $80,455 |
| Price-to-Income Ratio | 1.1 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Covington County fell about 2.3%, while median household income rose about 48.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Covington County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.7% | 60.0% | 58.5% |
| Rental Rate | 18.6% | 25.5% | 31.2% |
| Vacancy Rate | 21.8% | 14.5% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Covington County has a homeownership rate of 59.7%, about the same as the Alabama average of 60.0%. Its housing vacancy rate is 21.8%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Covington County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1980 | 1985 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Covington County was built around 1980. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Covington County, AL Housing Compared With Nearby Counties
Covington County, AL is the 2nd largest of the 6 counties compared here, 37,628 residents against a local median of 18,630. Covington County, AL's median home price, at $58,175, runs 21% below the $73,908 typical of the counties around it.
The counties themselves spread $123,230 on median home price, so Covington County, AL sits at one end of an already wide local range rather than apart from it. Covington County, AL has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Covington County, AL | 37,628 | $58,175 #6/6 | $745 #4/6 | 76.3% #2/6 |
| Coffee County, AL | 54,920 | $184,451 | $1,018 | 72.3% |
| Crenshaw County, AL | 13,122 | $61,221 | $660 | 73.2% |
| Butler County, AL | 18,630 | $73,908 | $724 | 65.8% |
| Conecuh County, AL | 11,275 | $145,898 | $834 | 74.3% |
| Geneva County, AL | 26,887 | $69,555 | $783 | 78.1% |
Frequently Asked Questions
Common questions about the housing market in Covington County, Alabama.
What is the median home price in Covington County, Alabama?
The median home price in Covington County, Alabama is $58,175, lower than the Alabama average of $160,474.
What is the average home price in Covington County, Alabama?
The typical home price in Covington County, Alabama, reported as the median sale price, is $58,175. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Covington County, Alabama?
The median gross rent in Covington County, Alabama is $745 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Covington County in 2020?
In 2020, the median gross rent in Covington County, Alabama was $611 per month.
What is the price-to-rent ratio in Covington County, Alabama?
The price-to-rent ratio in Covington County, Alabama is about 6.5, meaning it would take roughly 6.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Covington County.
Are home prices or rent rising faster in Covington County, Alabama?
Both home prices and rent are rising in Covington County, up about 3.2% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Covington County, Alabama?
59.7% of households in Covington County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Covington County, Alabama?
The housing vacancy rate in Covington County, Alabama is 21.8%, higher than the Alabama average of 14.5%.
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