Performance indicators for the Covington short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
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Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
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Top-Earners Revenue
The highest-performing listings in Covington.
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Generally Investor friendly
Short‑term rentals are permitted in Covington under Tennessee law, but investors must complete state sales‑tax registration, obtain city and county business licenses (≈$15 each), and install smoke/CO alarms; no local caps or STR‑specific zoning limits are identified. The main risk is verifying zoning and monitoring for any newly adopted local occupancy taxes.
Local STR Agent
STR specialist · Covington, TN
Covington is a city in central Tipton County, Tennessee, United States. Covington is the second largest city and county seat of Tipton County. The city is located in West Tennessee, 12 mi (19 km) east of the Mississippi River. The city's population was 9,038 at the time of the 2010 U.S. Census. Located 42 mi (68 km) northeast of Memphis, Covington is part of the Memphis, Tennessee Metropolitan Area.