Covington County, Alabama home prices
Typical home $147,960 · -0.2% in a year · property tax 0.26%
The typical home in Covington County is worth $147,960, 38% less than the Alabama typical home ($238,614). Values changed -0.2% in the past year and +8.0% over five years. Homeowners here pay a median 0.26% of their home's value in property tax each year ($386 on the typical home), versus 0.38% statewide.
Mortgage on the typical Covington County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $29,592 | $118,368 | $796 | $0 | $106 | $902 | $38,700 |
| 10% down | $14,796 | $133,164 | $896 | $55 | $106 | $1,057 | $45,300 |
| 5% down | $7,398 | $140,562 | $946 | $59 | $106 | $1,110 | $47,600 |
| 3.5% down (FHA) | $5,179 | $145,280 | $977 | $65 | $106 | $1,149 | $49,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.26% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Alabama.
Alabama counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Escambia County | $149,519 | +4.9% | 0.39% |
| Fayette County | $146,364 | +2.5% | 0.28% |
| Chambers County | $141,713 | +1.6% | 0.39% |
| Clarke County | $141,172 | +3.8% | 0.33% |
| Crenshaw County | $139,886 | +3.3% | 0.32% |
| Barbour County | $156,274 | +6.2% | 0.41% |
| Lowndes County | $139,599 | +2.4% | 0.39% |
| Monroe County | $139,546 | +4.0% | 0.32% |
| Wilcox County | $139,501 | +4.0% | 0.32% |
| Marion County | $159,195 | +0.7% | 0.28% |
Frequently asked questions
What is the average home price in Covington County, AL?
The typical home value in Covington County is $147,960 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Covington County?
About $38,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Covington County?
The median effective rate is 0.26% of home value a year (Census ACS 2024 5-year estimates).