Average Home Sizes and Asking Prices
Updated On: March 14, 2014
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Homes for Sale in Covington
Covington Real Estate & Homes for Sale in Georgia
The county seat of Newton County, Covington is located just 35 miles east of the captivating metropolitan city of Atlanta via Interstate 20. Its central location and easy access to all of the greater Atlanta area has helped the community grow to roughly 14,000 residents.
Covington has many distinctions, one being a wonderfully historic downtown and the other being a strong industrial base. Industries that provide employment in Covington include manufacturing, educational, health and social services, retail trade, arts, entertainment, recreation, accommodation and food services. Adorning the downtown area and historical district are carefully restored manor homes, churches, parks and the downtown square.
Covington features an excellent school system including the award winning Newton High School, which was named a "National School of Excellence." Students in grades K-12 may attend one of several highly acclaimed schools within the Newton County School District. Several colleges and universities are in proximity for those who wish to attain a degree in higher education.
Covington real estate options currently consist of single-family detached homes, estate properties, farmland and land lots. Residents can enjoy the comforts of this small but comfortable community, which offers magnificent homes, terrific schools, and above all a wonderful place to call home.
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Price Range of Covington Houses
Covington's real estate market is diverse and offers a wide range of affordable housing. Single-family detached homes in Covington, Georgia start below $100,000 for older homes and smaller newly built homes. Large, beautiful homes with fireplaces and lots of considerable acreage can be purchased in the low- to mid-$100,000s. Magnificent, newly built estate properties with multiple fireplaces, community swimming pools and facilities and scenic lake settings are priced from the low $300,000s to the mid-$600,000s for waterfront estates. Estates and farmhouses set on generously sized acres of land can be found in the million dollar range. Expansive horse properties and land and lots are also available for custom development.
Covington Real Estate Stats and Trends for the week of March 10th, 2014: homes priced around $138,470 compared to $148,770 the previous week, showing a decrease of less than -7%. For Friday, March 14th, the current national mortgage rate for a 30 year fixed mortgage is 4.34%; the 15 year fixed rate is at 3.38%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.40%, while the 15 year jumbo rate currently is at 3.74%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Covington GA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Covington to help you find the best home!