Welcome to our 30016 real estate data hub, tailored for investors in Covington, GA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 30016 in Covington, GA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in NEWTON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Covington, GA real estate investing. Uncover the wealth of information available, and position yourself for success in the Covington property market.
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Location Overview
- Zip Code: 30016
- City: Covington
- State: GA
- Metro Area: Atlanta-Sandy Springs-Alpharetta, GA
- County Name: NEWTON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $279,874
- Average Home Price (Single Family Homes): $279,938
- Average Monthly Rental Price (All Types): $1,952
- Price-to-Rent Ratio: 12
- Zillow Projected % appreciation from 4/2023-4/2024: 1.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,560
- Average 3 Bedroom Section 8 Rental Rates: $1,900
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 14.95
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 12.28
- Number of Units Offered in Section 8 in the County: 393
- Number of Occupied Units in Section 8 in the County: 372
- Percentage of Section 8 Units Occupied in the County: 94.80000305%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 201.16
- Total % Appreciation since 2000 (Government Data): 118.37
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.65%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.88%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 53.93%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 84.65%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 256.26%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 159.17%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 184.41%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.03%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.86%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 46.25%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 64.62%