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

Covington, LA has a median modeled monthly cash flow of $-685 and a median cap rate of 3.9%, on a median sold price of $325,319. Prices changed +4.7% year over year.

What is the average cap rate in Covington, LA?

The median cap rate across recently sold homes in Covington, LA is 3.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Covington, LA?

The median sold price in Covington, LA is $325,319 (about $180 per square foot).

Investing in Covington, LA Real Estate

A data-driven snapshot of the Covington, LA 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.

$325,319Median sold price

$180Median $/sqft

3.9%Median cap rate

$-685Modeled cash flow / mo

+4.7%Appreciation YoY

8.4Months of supply

768Active listings

1,092Sold (last 12 mo)

What the Covington numbers say

In Covington, LA, the median home sold for $325,319 (about $180 per square foot), and the typical deal models out to a 3.9% cap rate with a median $-685 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 8.4 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 Louisiana markets to compare

See Covington cash-flowing listings

CashFlowRE ranks every for-sale home in Covington, LA 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.