Land and home values in Covington city, Virginia
Covington city (rural) covers 5 square miles and 2 census tracts. Residential land is about $1.85 per sq ft at the county median, from $1.85 in its most rural tracts to $2.30 in its most valuable. The typical home is worth about $72,300 and a 2-bedroom rents for about $1,100 a month, as of October 12, 2026.
Open on the satellite mapAll of VirginiaCounty values
| Land: residential | $1.85 | per sq ft |
| Land: residential | $80,542 | per acre |
| Land: quarter-acre lot | $20,136 | 10,890 sq ft |
| Land: farmland | $6,300 | per acre |
| Home: typical (median) | $72,300 | value |
| Home: entry-level | $69,100 | lower quartile |
| Home: upper-end | $143,000 | upper quartile |
| Build new | $157 | per sq ft, no land |
| Rent: 1-bedroom | $915 | per month |
| Rent: 2-bedroom | $1,100 | per month |
| Rent: 3-bedroom | $1,530 | per month |
| Rent: 4-bedroom | $1,800 | per month |
| Gross yield, 2-bed | 18.3% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Small town | 2 | $1.85 | $72,300 | $1,100 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Idlewilde | Neighborhood | $2.31 | $90,900 |
| Rayon Terrace | Neighborhood | $2.30 | $89,800 |
| Parrish Court | Neighborhood | $2.30 | $90,000 |
| Edgemont | Neighborhood | $2.30 | $89,900 |
| Fairlawn | Neighborhood | $2.19 | $88,000 |
| Covington | Town | $2.16 | $84,700 |
| Rivermont | Neighborhood | $1.89 | $75,200 |
| Trailer Park | Subdivision | $1.88 | $74,300 |
Questions people ask
How much is land worth in Covington city, VA?
Residential land in Covington city, VA is about $1.85 per square foot, or $80,542 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $20,136. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Covington city, VA?
The typical (median) home in Covington city, VA is worth about $72,300, with entry-level homes around $69,100 and upper-end homes around $143,000, as of October 2026.
How much is rent in Covington city, VA?
A 2-bedroom rents for about $1,100 a month in Covington city, VA, a 1-bedroom about $915 and a 3-bedroom about $1,530 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Covington city, VA?
Farmland averages about $6,300 an acre in Covington city, VA (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.