38019
Covington, Tennessee.
Covington, Tipton County, TN · Memphis, TN-MS-AR metro · population 15,760
to buy the typical home at today's mortgage rate — +$583 (+117%) since Jan 2020.
- 1 year
- Up $4,625 +2%
- $201,108$205,733 since Sep 2025
- 5 years
- Up $45,728 +29%
- $160,005$205,733 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 38019$1,080
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in zip 38019 rose 2.3% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Covington, TN — measured over the city limits, which is a different area from this zip.
Asking rent — 38019
Against the Memphis, TN-MS-AR metro and the national benchmark.
- 38019$1,062
- Memphis$1,393
- United States$1,932
Typical home value — 38019
Mid-tier homes, smoothed and seasonally adjusted.
- 38019$205,733
- Memphis$242,102
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 7.0 | 38041 | Henning | 4,161 | — | $117,162 |
| 7.7 | 38011 | Brighton | 9,948 | — | $267,415 |
| 10.9 | 38015 | Burlison | 1,950 | — | $223,169 |
| 12.5 | 38004 | Atoka | 12,001 | $1,350 | $347,820 |
| 12.8 | 38058 | Munford | 10,303 | — | $282,313 |
| 12.8 | 38063 | Ripley | 15,958 | — | $145,448 |
| 13.0 | 38049 | Mason | 3,957 | — | $228,146 |
| 16.1 | 38069 | Stanton | 3,015 | — | $189,711 |
| 19.0 | 38023 | Drummonds | 5,682 | — | $268,086 |
| 19.4 | 38002 | Arlington | 43,882 | $2,017 | $405,559 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.