ZIP Code · TN

ZIP 38019

Part of Covington, TN

Pop. 15,760·Tipton County·141st most expensive ZIP in Tennessee

Median rent (all units)

$1,063/mo

Year-over-Year

Stable

Month-over-Month

-3.4%

vs US Median

-$869

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 38019 · $1,063

More affordable than 96% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$840

1 BR

$940

2 BR

$1,060

3 BR

$1,390

4 BR+

$1,620

Research median

$1,060/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($61,826) is $1,546 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,390); a 4-bedroom is $1,620.

From Zillow's monthly rent index (ZORI) for ZIP 38019. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,756/yr

At $1,063/mo median

Location

CityCovington

StateTN

CountyTipton County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -3.4% MoM), not inventory.

Demographics

Who lives here

ZIP 38019 (Covington, TN) is majority owner-occupied, has a median income below the national average, 15.1% of residents hold a bachelor's degree or higher.

Population

15,760

Median income

$61,826

Median age

39.8

Renters

39.1%

Age distribution

24.2%

20.4%

23.9%

14.5%

17%

Under 1824.2%

18–3420.4%

35–5423.9%

55–6414.5%

65+17%

Gender

45.2%

54.8%

Male45.2%

Female54.8%

Race & ethnicity

61.6%

34.4%

White61.6%

Black34.4%

Hispanic1.3%

Other2.6%

Education (25+)

43.1%

29.9%

15.1%

No HS diploma11.8%

HS diploma43.1%

Some college29.9%

Bachelor's+15.1%

Housing tenure

60.9%

39.1%

Owner60.9%

Renter39.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 38019 in Covington, TN has changed in 5 years

Income

$45,403 → $61,826

up 36.2%

Population

15,408 → 15,760

up 2.3%

Renter share

40.2% → 39.1%

-1.1 pts

Bachelor's+

15.1% → 15.1%

+0.0 pts

Median age

37.7 → 39.8

+2.1 yrs

On the earnings side, the typical household in ZIP 38019 in Covington, TN now reports about $61,826, up from $45,403 in 2021. Census counts show ZIP 38019 in Covington, TN adding about 352 residents over the five-year window, up 2.3% on net.

Community

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Local insights

Tips for renters in ZIP 38019

About renting in ZIP 38019

Last updated: October 17, 2026

ZIP code 38019 covers Covington, TN. The median rent here is $1,063/mo as of October 2026. A 1-bedroom rents for a median of $940/mo. A 2-bedroom rents for a median of $1,060/mo.

At 21% of local median household income ($61,826/yr), ZIP 38019 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 38019?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (about $21/hour full-time) to afford the median rent of $1,063/mo in ZIP 38019. The local median household income is $61,826/yr, so the typical household meets that bar.