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

Covington, LA has a median modeled monthly cash flow of $-649 and a median cap rate of 4.0%, on a median sold price of $329,000. Prices changed +2.9% year over year.

What is the average cap rate in Covington, LA?

The median cap rate across recently sold homes in Covington, LA is 4.0%, 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 $329,000 (about $175 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.

$329,000Median sold price

$175Median $/sqft

4.0%Median cap rate

$-649Modeled cash flow / mo

+2.9%Appreciation YoY

11.5Months of supply

1,068Active listings

1,113Sold (last 12 mo)

What the Covington numbers say

In Covington, LA, the median home sold for $329,000 (about $175 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-649 of monthly cash flow. Sold prices moved +2.9% over the past year. Inventory sits at about 11.5 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.

🔨 See 35 fix-and-flip deals in Covington — listings where the estimated after-repair value beats list price + rehab.

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.