Home Values

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 list price per square foot in Covington is None. The median rent price in Covington is $975, which is lower than the Atlanta Metro median of $1,150.

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 6.3%. 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 40.7%, which is higher than Atlanta Metro at 26.1%.

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Relative ZHVI
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Covington Market Overview

Data through Feb 28, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $119,100 Median sale price
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Covington Market Health

Data through Mar 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 40.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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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 Feb 28, 2015
  • No recent data Median list price / sq ft
  • $64 Median sale price / sq ft
  • No data Listings with price cut
55.4%
Sold below listing
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Covington Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $992 Covington
    $1,244 Atlanta Metro
    $1,362 United States

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

  • 0.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $975 Rent list price
  • $0.62 Rent list price / sq ft
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