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Market MapAlabamaCovington

Covington County

AlabamaPopulation: 37,542
73
/100
Buy
#0 of 0 counties
#2 in Alabama (67 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated May 18, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$157,002
Median Home Price
0% below national median
$942/mo
Est. Rent
Based on regional data
0.60%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
73/100
73
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
74/100

Based on 2.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
96/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes

Challenges

  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
37,542
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
MaconAL
74$127,462Est. pending—BuyView
CurrentCovingtonAL
73$157,002Est. pending—Buy
MontgomeryAL
73$158,219$1,3099.93%BuyView
CalhounAL
72$167,035$1,0507.54%BuyView
HoustonAL
69$199,496$1,1997.21%BuyView
GenevaAL
69$162,101Est. pending—BuyView

The Bottom Line

BuyCovington offers solid investment potential with positive cash flow at typical financing.

Covington County in Alabama scores 73/100, ranking #0 of 0 US counties (top 50%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Markets like Covington with stronger cash flow

  • Montgomery County for cash-flow rentals
  • Calhoun County for cash-flow rentals
  • Houston County for cash-flow rentals

Cheaper alternatives to Covington

  • Macon County, lower entry price

Head-to-head comparisons

  • Covington vs Montgomery for rentals
  • Covington vs Calhoun for rentals
  • Covington vs Macon for rentals
All counties in Alabama →

Ready to Analyze a Deal in Covington?

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