Real estate · County · Virginia
Real estate businesses in Covington city, VA
Competitor counts, household spending and official business counts for real estate businesses in Covington city, VA, set against other counties and the U.S.
Groundwork market score
Not scored
Counties under 10,000 people aren’t scored, since a few businesses can swing their figures.
- Listings
- 5
- 0 chain locations (0%)
- Official establishments
- 3
- Businesses with payroll, 2023
- Household spending a year
- $30.8M
- On rent and homeowner costs · $11,947 a household
- Housing spending per listing (U.S. = 100)
- 142
- 42% above the U.S.
- Listings per 10k households
- 19.4
- 50% below the U.S.
- Population, 2025
- 5,680
- −1.2% since 2020
See the real estate businesses around any address in Covington city
The site report maps the real estate businesses on map listings near the address, by name and distance, and sizes the households and spending around it. Or open the report at the center of Covington city. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardSurvey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure
What this means
As of September 2026, map listings count 5 real estate businesses in Covington city. None of them are chain locations, against 6% across the U.S. Per 10,000 households, that is 19.4, 50% below the U.S. rate of 38.5.
Households in Covington city spend about $30.8M a year on rent and homeowner costs, or $11,947 per household, 28% below the U.S. average. Housing spending per office is 42% above the U.S. figure. That figure is all rent and homeowner costs, used as a measure of housing demand; it is not money real estate businesses take in.
The official count of businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in Covington city was 3 in 2023. That is one for every 859 households, against one for every 414 across the U.S. Official counts list 5 one-person businesses without payroll.
Between 2020 and 2025, the population of Covington city declined 1.2%, against +3.1% for the U.S. Counties under 10,000 people aren’t given a market score, since a few businesses can swing their figures.
How Covington city compares
The same measures for Virginia and the whole U.S. Housing spending per listing divides all rent and homeowner costs by the listings counted: a measure of housing demand for each business, not money any of them take in, so it is shown against the U.S. (100) only. Households per establishment divides households by the official count.
| Measure | Covington city | Virginia | U.S. |
|---|---|---|---|
| Listings per 10k households | 19.4 | 41.0 | 38.5 |
| Housing spending per listing (U.S. = 100) | 142 | 95 | 100 |
| Households per official establishment | 859 | 411 | 414 |
| Official establishment growth, 2019–2023 | n/a | +16.8% | +15.8% |
| Population growth, 2020–2025 | −1.2% | +2.8% | +3.1% |
| Spending per household on rent and homeowner costs | $11,947 | $16,844 | $16,661 |
| Median household income | $41,944 | $93,170 | $80,734 |
| Groundwork market score | Not scored | 40 |
Official counts and lending
Businesses
- Official establishments, 2019 to 2023
- 3 → 3
- Employees, 2023
- 4
- Annual payroll, 2023
- $104K
- One-person businesses, 2023
- 5Businesses with no payroll
- Map listings, September 2026
- 50 chain locations
- Listings at the U.S. rate for this spending
- 7The U.S. ratio of listings to household spending, applied here
SBA-backed loans since fiscal 2022
- Loans
- 0
- Amount
- $0
SBA-backed loans to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in Covington city, through June 2026, placed by the borrower’s ZIP code. Official establishments are businesses with payroll; the official counts leave out places with fewer than 3.
Population and households in Covington city
- Population, 2025 estimate
- 5,680−1.2% since 2020
- Households
- 2,576
- Median age
- 40.9
- Homes lived in by their owners
- 70%
- Vehicles per household
- 1.8
- Land area
- 6 sq. mi.
- People per square mile
- 1,039
- Median household income
- $41,944
- Average household income
- $54,148
- Median home value
- $83,500
- Jobs located here
- 3,889
- Daytime population
- 6,867Residents who don’t work, plus everyone whose job is here
Looking at a specific site in Covington city?
These figures cover the whole county. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the real estate businesses on map listings by name and distance.
Or open the report at the center of Covington city. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardReal estate across Virginia
Every Virginia market ranked →The highest-scoring counties in Virginia for real estate businesses, numbered among those based in Virginia, with Covington city marked.
Top counties in Virginia
| Market | Score | Listings | Per 10k households | Housing spending per listing (U.S. = 100) | Population growth | U.S. rank |
|---|---|---|---|---|---|---|
| 1Caroline County, VA | 85 | 16 | 13.3 | 275 | +11.3% | #9 of 2,229 |
| 2Prince George County, VA | 79 | 9 | 7.0 | 523 | +2.0% | #34 of 2,229 |
| 3King William County, VA | 79 | 6 | 8.2 | 444 | +9.5% | #37 of 2,229 |
| 4Rockingham County, VA | 78 | 26 | 8.0 | 448 | +6.6% | #47 of 2,229 |
| 5Frederick County, VA | 78 | 36 | 10.2 | 384 | +8.8% | #50 of 2,229 |
| 6Greene County, VA | 77 | 6 | 7.5 | 508 | +6.6% | #63 of 2,229 |
| 7Fluvanna County, VA | 76 | 12 | 11.6 | 328 | +6.2% | #83 of 2,229 |
| 8Madison County, VA | 73 | 7 | 12.8 | 284 | +2.7% | #142 of 2,229 |
| 9Southampton County, VA | 71 | 5 | 7.3 | 457 | +0.9% | #173 of 2,229 |
| 10Amherst County, VA | 71 | 14 | 11.0 | 300 | +2.1% | #185 of 2,229 |
| Covington city, VA | Not scored | 5 | 19.4 | 142 | −1.2% |
Other business types in Covington city
None has a Groundwork market score here. Counties under 10,000 people aren’t scored, since a few businesses can swing their figures.
Food and drink
Groceries and convenience
Auto
Beauty and personal care
Fitness and classes
Health care
Child care
Clothing and laundry
Home services
Real estate
Funeral services
Questions
How many real estate businesses are in Covington city, VA?
Covington city has 5 real estate businesses on map listings as of September 2026. None of them are chain locations. The listings count real estate agents and brokers, property managers, mortgage brokers and lenders, and home inspectors. Official counts show 3 businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in 2023. Official counts also show 5 one-person businesses without payroll.
How much do households in Covington city, VA spend on rent and homeowner costs?
About $30.8M a year, or $11,947 per household. That is 28% below the U.S. average (an index of 72, where 100 is the U.S. average). For the 5 real estate businesses on map listings, housing spending per office is 42% above the U.S. figure. The spending figure is all rent and homeowner costs, a measure of housing demand, not money real estate businesses take in. It is estimated from the incomes of the 2,576 households in Covington city and national spending patterns by income.
How does Covington city, VA compare with the U.S. for real estate businesses?
Covington city has 19.4 real estate businesses per 10,000 households, 50% below the U.S. rate of 38.5. The index of housing spending per office is 142, where 100 is the U.S. At the national ratio of real estate businesses to household spending, Covington city would have about 7, against 5 on map listings. There is one business with payroll in the industry for every 859 households, against one for every 414 across the U.S.
How fast is Covington city, VA growing?
Population estimates put Covington city at 5,680 people in 2025, down 1.2% since 2020, against +3.1% for the U.S. It has 2,576 households. The median household income in Covington city is $41,944 a year, 48% below the U.S. median of $80,734.
What is the Groundwork market score?
The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. The score leaves out counties under 10,000 people, where a handful of businesses would swing it.
How can I see the market around a specific site?
Run a Groundwork site report on an address in Covington city. It maps the real estate businesses on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.
How the score works · Top markets for real estate businesses · All 56 business types in Covington city
Screening a site or an acquisition in Covington city?
A site report maps the competitors on map listings near an address and sizes the households and spending around it.
The button opens the report at the center of Covington city. Signed out, you see a blurred preview; on an account, each report is one action.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are estimates for research only. Not investment or real estate advice.