Is Covington, GA a good place to invest in rental property?

Covington, GA has a median modeled monthly cash flow of $-788 and a median cap rate of 3.8%, on a median sold price of $327,900. Prices changed -3.1% year over year.

What is the average cap rate in Covington, GA?

The median cap rate across recently sold homes in Covington, GA is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Covington, GA?

The median sold price in Covington, GA is $327,900 (about $156 per square foot).

Investing in Covington, GA Real Estate

A data-driven snapshot of the Covington, GA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$327,900Median sold price

$156Median $/sqft

3.8%Median cap rate

$-788Modeled cash flow / mo

-3.1%Appreciation YoY

7.0Months of supply

315Active listings

542Sold (last 12 mo)

What the Covington numbers say

In Covington, GA, the median home sold for $327,900 (about $156 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-788 of monthly cash flow. Sold prices moved -3.1% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Georgia markets to compare

See Covington cash-flowing listings

CashFlowRE ranks every for-sale home in Covington, GA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Covington deals, or browse the national market data.