Covington city, VA
FIPS: 51580
Median HAM
3.1x
Low
Jul 2023
Minimum HAM
3.9x
Low
Jul 2023
HAM Burden
No data
Not enough historical data to show a trend chart for this county.
Data Breakdown
Median HAM
Data as of Jul 2023
Median Home Price
$80,200
Census ACS
Gross Median Income
$31,875
Census ACS
Net Median Income
$26,002
Calculated
Median HAM
3.08x
Minimum HAM
Data as of Jul 2023
Median Home Price
$80,200
Census ACS
Min Wage (Hourly)
$12.00/hr
State labor data
Net Min Wage Income
$20,767
Calculated
Minimum HAM
3.86x
Methodology: HAM = Home Price / Net Annual Income. Net income assumes single filer, standard deduction, 2,080 hrs/yr for minimum wage. Federal + state tax + FICA deducted. Home price source priority: Zillow ZHVI > Redfin > Census ACS.