Covington Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot
Buyers' Market
Sellers' Market

The median rent price in Covington is $985, which is lower than the Atlanta Metro median of $1,200.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Covington is 7.1%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Covington homeowners underwater on their mortgage is 36.6%, which is higher than Atlanta Metro at 23.2%.

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Relative ZHVI
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Covington Market Overview

Data through Jul 31, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $130,490 Median sale price
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Covington Market Health

Data through Jul 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 36.6% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Loganville $130,800
McDonough $128,300
Walnut Grove $115,800
Name Median ZHVI
Social Circle $112,300
Conyers $105,200
Oxford $100,100
Name Median ZHVI
Jackson $79,200
Jenkinsburg $75,000
Porterdale $40,300

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $70 Median sale price / sq ft
  • No data Listings with price cut
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Covington Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $978 Covington
    $1,262 Atlanta Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $985 Rent list price
  • $0.62 Rent list price / sq ft
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