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

Covington, GA has a median modeled monthly cash flow of $-616 and a median cap rate of 4.2%, on a median sold price of $306,745. Prices changed -2.5% year over year.

What is the average cap rate in Covington, GA?

The median cap rate across recently sold homes in Covington, GA is 4.2%, 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 $306,745 (about $154 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.

$306,745Median sold price

$154Median $/sqft

4.2%Median cap rate

$-616Modeled cash flow / mo

-2.5%Appreciation YoY

8.6Months of supply

944Active listings

1,310Sold (last 12 mo)

What the Covington numbers say

In Covington, GA, the median home sold for $306,745 (about $154 per square foot), and the typical deal models out to a 4.2% cap rate with a median $-616 of monthly cash flow. Sold prices moved -2.5% over the past year. Inventory sits at about 8.6 months of supply — a looser, buyer-friendly market. 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.