Covington, GA


Highest Appreciating Covington Neighborhoods Since 2000

Covington, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Covington Housing Market Information

With a population of 13,916, 5,125 total housing units (homes and apartments), and a median house value of $104,233, house prices in Covington are solidly below the national average.

Single-family detached homes are the single most common housing type in Covington, accounting for 64.29% of the city's housing units. Other types of housing that are prevalent in Covington include large apartment complexes or high rise apartments ( 17.38%), duplexes, homes converted to apartments or other small apartment buildings ( 15.68%), and a few mobile homes or trailers ( 2.03%).

The most prevalent building size and type in Covington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.19% owning and 59.81% renting.

There is a lot of housing in Covington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Covington built between 1940-1969 ( 27.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.47%). There's also some housing in Covington built before 1939 ( 7.85%).

Vacant housing appears to be an issue in Covington. Fully 10.99% of the housing stock is classified as vacant. Left unchecked, vacant Covington homes and apartments can be a drag on the real estate market, holding Covington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Covington Home Appreciation Rates

Covington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Covington during the period has been just -1.68%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Covington's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Covington's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

Relative to Georgia, our data show that Covington's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Covington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Covington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Covington real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,260,000 0.2
$945,001 - $1,260,000 0.0
$630,001 - $945,000 0.3
$504,001 - $630,000 1.3
$378,001 - $504,000 5.0
$252,001 - $378,000 11.3
$126,001 - $252,000 34.6
$63,001 - $126,000 31.9
$0 - $63,000 15.5

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
74.803703269659 63.107822410148

Number Of Homes And Apartments:

Covington Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
3.17% 0.18% 1 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,049 / per month

Homeownership Rate

Owners 40.19
Renters 59.81
Vacant 10.99

Housing Market Details


Age of Homes

AGE OF Covington HOMES
2000 or Newer 24.5
1970 - 1999 40.0
1940 - 1969 27.6
1939 or Older 7.8

Types of Homes

Single-Family 64.3
Townhomes 0.6
Small Apt. Buildings 15.7
Apt. Complexes 17.4
Mobile Homes 2.0
Other 0.0

Home Size

No Bedroom 3.77
1 Bedroom 10.98
2 Bedrooms 26.35
3 Bedrooms 40.76
4 Bedrooms 14.90
5 or more bedrooms 3.25