Covington, GA housing market
Typical home value
$293K
▼ 0.8% 1 yr
Typical rent
$1,839/mo
▲ 1.8% 1 yr
Gross rent yield
7.5%
U.S. 6.3%
5-year home value change
+19%
U.S. +20%
Key takeaways
- 1The typical home in Covington is worth $292,894, down 0.8% over the past year and up 19% over five years.
- 2Typical rent is $1,839 a month (+1.8% YoY), a gross rent yield of 7.5% (above the Atlanta, GA metro's 5.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,610/mo, $229 less than typical rent.
- 4Zillow forecasts the Atlanta, GA metro's home values to change −1.0% over the next 12 months.
Market temperature (Atlanta, GA metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 24/100, #504 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Covington compares
| Measure | Covington | Atlanta, GA metro | United States |
|---|---|---|---|
| Typical home value | $292,894 | $375,898 | $366,157 |
| Home value, 1-yr change | −0.8% | −1.5% | +1.2% |
| Typical rent | $1,839 | $1,843 | $1,932 |
| Rent, 1-yr change | +1.8% | +2.1% | +2.7% |
| Gross rent yield | 7.5% | 5.9% | 6.3% |
| Price-to-rent ratio | 13.3 | 17.0 | 15.8 |
| Mortgage P&I, typical home | $1,610 | $2,066 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Covington rental, pre-filled.
Rent vs buy in Covington
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $293K home.
Other cities in the Atlanta, GA metro
Atlanta, GA
$380K home$1,942 rent
▼ 1.9% 1 yr
Marietta, GA
$471K home$1,687 rent
▼ 1.0% 1 yr
Lawrenceville, GA
$374K home$1,878 rent
▼ 2.5% 1 yr
Cumming, GA
$586K home$2,207 rent
▼ 2.3% 1 yr
Decatur, GA
$277K home$1,755 rent
▼ 3.2% 1 yr
Stone Mountain, GA
$265K home$1,648 rent
▼ 4.7% 1 yr
Kennesaw, GA
$403K home$1,883 rent
▼ 2.5% 1 yr
Douglasville, GA
$302K home$1,947 rent
▼ 2.4% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.