HomeTennesseeTipton CountyCovington
Covington, Tennessee: commercial real estate data.
Covington is a Census city of 8,587 people across 11.44 square miles of land, in Tipton County. Median household income is $42,254, 45.3 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $5.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Covington
What Covington is
- Census place typecity
- Land area11.44 sq mi
- Water area0.01 sq mi
- Population per square mile of land751
- County holding the largest share of its areaTipton County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
How many people live in Covington
- Population8,587
- Median age40.3
- Population under 182,192
- Share under 1825.5 percent
- Population 65 and over1,644
- Share 65 and over19.1 percent
- Households3,685
- Family households2,025
- Share of households that are families55.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Income and work in Covington
- Median household income$42,254
- Per capita income$25,015
- Civilian labor force3,607
- Employed3,289
- Unemployed318 plus or minus 138
- Unemployment rate8.8 percent plus or minus 3.7
- Adults 25 and over5,819
- Adults 25 and over with a high school diploma or higher88.0 percent
- Adults 25 and over with a bachelor degree or higher13.7 percent plus or minus 4.2
- Adults 25 and over with a graduate degree9.2 percent plus or minus 3.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Housing in Covington
- Housing units4,147
- Occupied units3,685
- Vacant units462 plus or minus 194
- Vacancy rate11.1 percent plus or minus 4.6
- Owner occupied1,668
- Renter occupied2,017
- Ownership rate45.3 percent
- Median owner-occupied home value$185,900 plus or minus $48,265
- Median gross rent, monthly$933
- Annual rent as a share of median income26.5 percent plus or minus 6.3
- Single family units3,048
- Share single family73.5 percent
- Units in buildings of two or more1,056 plus or minus 290
- Share in buildings of two or more25.5 percent plus or minus 6.8
- Mobile homes43 plus or minus 38
- Median year structure built1977
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
How Covington gets to work
- Workers 16 and over who commute2,999
- Commuting under 15 minutes1,448 plus or minus 372
- Share commuting under 15 minutes48.3 percent plus or minus 10.8
- Commuting 30 minutes or more852 plus or minus 321
- Share commuting 30 minutes or more28.4 percent plus or minus 10.1
- Drove alone71.3 percent
- Carpooled19.7 percent plus or minus 9.2
- Public transport0.0 percent
- Walked0.7 percent plus or minus 1.4
- Worked from home7.6 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
SBA loans in Covington (7(a))
- Approvals4
- Gross approval$5,341,800
- Average approval$1,335,450
- Median approval$195,900
- Largest approval$4,800,000
- Jobs supported222
- Jobs per approval55.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises50.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Covington, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Covington
SBA loans in Covington (504)
- Approvals1
- Gross approval$544,000
- Average approval$544,000
- Median approval$544,000
- Largest approval$544,000
- Jobs supported15
- Loans with a final outcome1
- Charged off1
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Covington, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Covington
Flood risk in Covington
- NFIP communityCity of Covington
- NFIP community number470189
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date12/19/06
The City of Covington participates in the National Flood Insurance Program as community 470189 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Tipton County, not Covington
Tipton County context, not Covington figures
- Establishments in Tipton County777
- Covered employment, Tipton County11,848
- Average annual pay, Tipton County$50,303
- Housing units permitted, Tipton County215
Every figure in this section is published for Tipton County as a whole and is not a measurement of Covington.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Covington questions, answered from the record.
How many people live in Covington, Tennessee?
8,587, in 3,685 households. Covington city covers 11.44 square miles of land, which is 751 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Covington in?
Tipton County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Covington?
$42,254. The median owner-occupied home is valued at $185,900. Median gross rent is $933 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Covington businesses?
4 7(a) approvals totaling $5.3 m since FY2020, across 3 lenders, median approval $195,900, plus 1 504 approvals worth $544,000 since FY2010. These count approvals to borrowers whose address is in Covington, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Covington borrowers get paid back?
No rate is published for Covington. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Covington in the National Flood Insurance Program?
Yes. Covington appears in the FEMA Community Status Book as Covington, city of, community 470189, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Covington figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Tipton County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Covington.
Is zoning published for Covington?
No. Nothing on this page presents parcel level zoning.
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