Covington, GA housing market
The typical Covington home is worth about $294,000, down 1% in a year, 11% below the Georgia typical home. Homes typically sell in 61 days, close to asking.
Home values, sales, trends and how Covington compares with the towns next door — updated as new data is published.
Covington at a glance
A buyer's market
More homes are for sale than are selling — about 7 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Covington | Georgia |
|---|---|---|
| 2017 | $142,000 | $172,000 |
| 2018 | $156,000 | $186,000 |
| 2019 | $172,000 | $202,000 |
| 2020 | $188,000 | $215,000 |
| 2021 | $210,000 | $240,000 |
| 2022 | $270,000 | $292,000 |
| 2023 | $302,000 | $323,000 |
| 2024 | $307,000 | $334,000 |
| 2025 | $304,000 | $339,000 |
| 2026 | $294,000 | $332,000 |
| August 2026 | $294,000 | $331,000 |
255 new homes permitted in 2025
Builders were permitted 255 new homes in Covington in 2025, all single-family houses, worth about $93.8 million to build. That's 17 per 1,000 residents, faster than across Georgia (6). Over the past 10 years, Covington has permitted 1,847 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Covington gained 1,074 residents while 417 new homes were permitted: about 2.6 new residents per new home. Building and growth moved roughly in step. Across Georgia: 2.6 new residents per new home.
How Covington ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 68 | 57 | 11 | $27.2 million |
| 2025 | 255 | 255 | 0 | $93.8 million |
| 2024 | 1,047 | 315 | 732 | $220.2 million |
| 2023 | 142 | 142 | 0 | $63.9 million |
| 2022 | 83 | 83 | 0 | $25.7 million |
| 2021 | 62 | 62 | 0 | $19.6 million |
| 2020 | 61 | 61 | 0 | $18.8 million |
| 2019 | 96 | 96 | 0 | $24.2 million |
| 2018 | 56 | 56 | 0 | $8.5 million |
| 2017 | 28 | 17 | 11 | $4.7 million |
| 2016 | 17 | 11 | 6 | $3.1 million |
| 2015 | 26 | 26 | 0 | $4 million |
| 2014 | 33 | 28 | 5 | $3.9 million |
| 2013 | 52 | 24 | 28 | $3.3 million |
| 2012 | 57 | 57 | 0 | $5.4 million |
| 2011 | 28 | 28 | 0 | $3.1 million |
| 2010 | 24 | 24 | 0 | $4 million |
| 2009 | 14 | 14 | 0 | $2.1 million |
| 2008 | 27 | 27 | 0 | $3.2 million |
| 2007 | 100 | 100 | 0 | $12.4 million |
| 2006 | 105 | 105 | 0 | $10.6 million |
| 2005 | 201 | 201 | 0 | $23.1 million |
| 2004 | 116 | 114 | 2 | $14.1 million |
| 2003 | 120 | 108 | 12 | $12.3 million |
| 2002 | 353 | 133 | 220 | $21.6 million |
| 2001 | 97 | 86 | 11 | $7.5 million |
| 2000 | 313 | 103 | 210 | $19.1 million |
How Covington ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Covington and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Covington | $294K | −1% | $1,430 | 255 | $58,810 |
| Oxford | $348K | +1.4% | $1,460 | 1 | $56,563 |
| Porterdale | $184K | −6.1% | $1,470 | 45 | $49,773 |
5 years of income
The typical Covington home costs about 5 years of the town's median household income, more than across Georgia (4.3 years).
How Covington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,430
HUD's Fair Market Rent for a two-bedroom in Covington is $1,430 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Covington pay a median of $1,191, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $1,250 · 4 bedrooms $2,050
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (30014, 30054; Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Covington
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.