Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$147,960−0.2% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 13% have cut their price
Income needed to buy, per year$32,075About 0.6× the local median income ($53,576): affordable for a typical household
Days on market85 daysAbout the same pace as a year ago
The typical home in Covington County, AL is worth $147,960, about the same as a year ago. That is slightly below what local incomes have historically supported: fair value is about $157,095, so the area is 5.8% undervalued. It is a buyer's market: homes take about 85 days to sell, listings are up 17% from a year ago, 13% of listings have had a price cut. A household needs about $32,075 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $53,576. In the latest IRS figures, 168 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$147,960
Change in 1 year
−0.2%
Overvalued %
−5.8%
Show 6 more
Fair home value
$157,095
Change in 5 years
+8.0%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$802
Income needed to afford it
$32,075
Property tax rate
0.26%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$921
Market activity
Listings vs a year ago
+16.8%
Days on market
85
Listings with a price cut
13.1%
Show 3 more
Homes for sale
188
Pending sales per 100 listings
10
Asking price per sq ft
$121
People and jobs
Median household income
$53,576
Population change (1 year)
−0.1%
Unemployment rate
5.2%
Show 4 more
Population
37,947
Income adjusted for cost of living
$64,394
Net moves in (IRS)
+168
Cost of living (US = 100)
83.2
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
82.4
Flood risk score
69.0
Show 3 more
Wildfire risk score
49.7
Walkability (1 to 20)
5.2
Road, rail and air noise
54 dB
Questions people ask
Is Covington County, AL overvalued?
Home prices in Covington County, AL are slightly below what local incomes have historically supported: fair value is about $157,095, so the area is 5.8% undervalued.
Is Covington County, AL a buyer's or seller's market?
Covington County, AL is a buyer's market: homes take about 85 days to sell, listings are up 17% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Covington County, AL?
Home values in Covington County, AL are down 0.2% over the last year.
How much do you need to earn to buy a home in Covington County, AL?
A household needs about $32,075 a year to afford the typical home in Covington County, AL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $53,576.