RentYield Atlas

ZIP 30016 — Covington, GA: rental yield & market data

Gross rental yield of 7.84% — ranked #61 of 254 Georgia ZIP codes. June 2026 data.

Gross rental yield
7.84%
Home value
$290,908
Market rent / mo
$1,901
Price-to-rent
12.7

Trend

Metric1-year change5-year change
Home value-1.7% +27.5%
Market rent+2.8% +25.1%

Metro: Atlanta-Sandy Springs-Alpharetta, GA · County: Newton County · Annual rent: $22,812

Comparable ZIP codes in Georgia

Similar home values, sorted by yield — the cheapest way to see if 30016 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
31316LudowiciGA$292,339$1,9918.17%12.2+2.2%
31320MidwayGA$294,886$1,9337.87%12.7+0.7%
30179TempleGA$285,289$1,8667.85%12.7-0.1%
30134DouglasvilleGA$288,797$1,8067.50%13.3-2.0%
30116CarrolltonGA$294,413$1,7967.32%13.7+0.7%
30281StockbridgeGA$294,021$1,5896.48%15.4-3.1%
30117CarrolltonGA$285,863$1,3945.85%17.1+1.0%
30110BremenGA$293,894$1,2955.29%18.9+1.6%

Top rental yields in all of Georgia →

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