Market insights · Virginia
Covington city, VA: growth, migration and housing
Covington city has 5,680 residents, down 1.2% since 2020 (-0.1% in the last year). In 2022–2023, 180 households moved in and 202 moved out (-22 net), while a net $1.7M of income left. Median household income is $41,944, the median home $83,500 and median rent $794 a month.
In Virginia: 101st of 133 counties for 5-year population growth · 125th of 133 counties for net in-migration (per resident) · 130th of 133 counties for median household income · 133rd of 133 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Covington city, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Alleghany County, VA | 101 | $3.7M |
Where leavers went
Top counties by households leaving Covington city, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Alleghany County, VA | 118 | $5.1M |
BizyFi in Covington city
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.