Covington, VA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Covington short-term rental market based on reliable data.
Listings
26 / 54
Reliable / Active
Cap Rate
14%
Middle-Earners Gross Yield
Revenue
$21,542
Middle-Earners Revenue
Occupancy
44%
Middle-Earners Occupancy
Home Value
$149,057
Median Home Sale Price
Top Earners
$51,851
Top-Earners Revenue
Covington
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Covington.
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Very Investor friendly
Covington Regulations
STRs are explicitly allowed by right in Agricultural Residential districts and with a special use permit in R-2; operation only requires a straightforward zoning application and business registration, with no stated caps or high fees, supporting investor-friendly conditions.
Local STR Agent
STR specialist · Covington, VA
About Covington
Covington is an independent city in the Commonwealth of Virginia. As of the 2020 census, the population was 5,737, making it the second-least populous city in Virginia. It is surrounded by Alleghany County, of which it is also the county seat. Located at the confluence of Jackson River and Dunlap Creek, Covington is one of three cities (with Roanoke and Salem) in the Roanoke Regional Partnership. The Bureau of Economic Analysis combines the city of Covington with Alleghany county for statistical purposes.