HomeGeorgiaNewton CountyCovington city
Covington city, Georgia: commercial real estate data.
Covington city is a Census city of 14,584 people across 15.84 square miles of land, in Newton County. Median household income is $58,810, 48.6 percent of occupied homes are owned, and the SBA record carries 51 7(a) approvals to borrowers here worth $46.4 m.
82 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Covington
What Covington is
- Census place typecity
- Land area15.84 sq mi
- Water area0.24 sq mi
- Population per square mile of land921
- County holding the largest share of its areaNewton County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
How many people live in Covington
- Population14,584
- Median age37.8
- Population under 183,657
- Share under 1825.1 percent
- Population 65 and over2,446
- Share 65 and over16.8 percent
- Households5,662
- Family households3,616
- Share of households that are families63.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Income and work in Covington
- Median household income$58,810 plus or minus $14,608
- Per capita income$32,109
- Civilian labor force7,098
- Employed6,583
- Unemployed515 plus or minus 346
- Unemployment rate7.3 percent plus or minus 4.8
- Adults 25 and over10,158
- Adults 25 and over with a high school diploma or higher89.0 percent
- Adults 25 and over with a bachelor degree or higher27.2 percent plus or minus 6.7
- Adults 25 and over with a graduate degree12.9 percent plus or minus 5.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Housing in Covington
- Housing units6,217
- Occupied units5,662
- Vacant units555 plus or minus 204
- Vacancy rate8.9 percent plus or minus 3.2
- Owner occupied2,749
- Renter occupied2,913
- Ownership rate48.6 percent
- Median owner-occupied home value$301,900
- Median gross rent, monthly$1,191
- Annual rent as a share of median income24.3 percent plus or minus 6.2
- Single family units4,574
- Share single family73.6 percent
- Units in buildings of two or more1,627 plus or minus 419
- Share in buildings of two or more26.2 percent plus or minus 6.4
- Mobile homes16 plus or minus 28
- Median year structure built1989
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
How Covington gets to work
- Workers 16 and over who commute5,447
- Commuting under 15 minutes1,868 plus or minus 465
- Share commuting under 15 minutes34.3 percent plus or minus 7.7
- Commuting 30 minutes or more2,329 plus or minus 547
- Share commuting 30 minutes or more42.8 percent plus or minus 8.9
- Drove alone71.7 percent
- Carpooled6.6 percent plus or minus 3.0
- Public transport0.0 percent
- Walked0.9 percent plus or minus 0.8
- Worked from home16.2 percent plus or minus 7.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
SBA loans in Covington (7(a))
- Approvals51
- Gross approval$46,366,000
- Average approval$909,137
- Median approval$350,000
- Ninetieth percentile approval$2,194,000
- Largest approval$5,000,000
- Jobs supported513
- Jobs per approval10.1
- Loans with a final outcome10
- Paid in full10
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more43.1 percent
- Share to franchises21.6 percent
- Distinct lenders29
- Distinct industries by NAICS36
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Covington
SBA loans in Covington (504)
- Approvals31
- Gross approval$41,796,000
- Average approval$1,348,258
- Median approval$837,000
- Largest approval$5,420,000
- Jobs supported351
- Loans with a final outcome7
- Charged off1
- Median term300 months
- Distinct CDCs7
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Covington
Flood risk in Covington
- Listed NFIP communities1
- Of those, participating1
- Best Community Rating System classClass 8
- NFIP community number130144
- Currently effective map date03/17/14
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Newton County, not Covington
Newton County context, not Covington figures
These are Newton County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Covington measurements.
- Establishments in Newton County1,639
- Employment at those establishments, Newton County23,931
- Covered employment, Newton County27,708
- Average annual pay, Newton County$54,919
- Average weekly wage, Newton County$1,056
- Housing units permitted, Newton County1,464
- Of those, single family, Newton County688
- County product, 2024, Newton County$4,592,212,000
- County product change over the prior year, Newton County8.3 percent
- Average income of an arriving household, Newton County$48,866
Every figure in this section is published for Newton County as a whole and is not a measurement of Covington. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Covington questions, answered from the record.
How many people live in Covington, Georgia?
14,584, in 5,662 households. Covington city covers 15.84 square miles of land, which is 921 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Covington in?
Newton County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Covington?
$58,810. The median owner-occupied home is valued at $301,900. Median gross rent is $1,191 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Covington businesses?
51 7(a) approvals totalling $46.4 m, across 29 lenders, median approval $350,000, plus 31 504 approvals worth $41.8 m. These count approvals to borrowers whose address is in Covington, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Covington borrowers get paid back?
Of the 10 loans that have reached a final outcome, 10 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Covington in the National Flood Insurance Program?
Yes. Covington appears in the FEMA Community Status Book as community 130144, carrying Community Rating System class 8, which is a premium discount for exceeding the programme minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Covington figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Newton County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Covington.
Is zoning published for Covington?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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