Is Covington, TN a good place to invest in rental property?

Covington, TN has a median modeled monthly cash flow of $-318 and a median cap rate of 4.9%, on a median sold price of $202,500. Prices changed -7.4% year over year.

What is the average cap rate in Covington, TN?

The median cap rate across recently sold homes in Covington, TN is 4.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Covington, TN?

The median sold price in Covington, TN is $202,500 (about $132 per square foot).

Investing in Covington, TN Real Estate

A data-driven snapshot of the Covington, TN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$202,500Median sold price

$132Median $/sqft

4.8%Median cap rate

$-318Modeled cash flow / mo

-7.4%Appreciation YoY

0.4Months of supply

4Active listings

124Sold (last 12 mo)

What the Covington numbers say

In Covington, TN, the median home sold for $202,500 (about $132 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-318 of monthly cash flow. Sold prices moved -7.4% over the past year. Inventory sits at about 0.4 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Covington cash-flowing listings

CashFlowRE ranks every for-sale home in Covington, TN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Covington deals, or browse the national market data.