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Newton County, GA

RANK #901 / 1001 NAT  ·  #34 / 41 GA  ·  POP 118,152

1YR FORECAST: -1.6%

5YR OUTLOOK: +19%

Our model projects Newton County's housing market at -1.6% over the next year, underperforming most U.S. counties.

[01] Why Newton County?

Newton County, Georgia, east of Atlanta along Interstate 20, is known for its blend of small-town charm and natural beauty. Covington, the county seat, features a historic square that has served as a backdrop for numerous television shows and films, earning it the nickname "Hollywood of the South." The county offers extensive outdoor recreation, with three rivers and sizable lakes providing opportunities for fishing, boating, hiking, and kayaking. Places like Factory Shoals Park along the Alcovy River and Lake Varner at the Cornish Creek Reservoir provide natural settings for residents to enjoy. Commuting to Atlanta is common, and programs like Georgia Commute Options assist residents with alternative transportation.

Life in Newton County often appeals to families and those seeking a quieter pace within reach of a major city. The Newton County School System serves communities like Covington, Mansfield, Newborn, Oxford, and Porterdale, with public schools generally rated above average. The local economy is diversifying, with significant investment in technology sectors, including data centers. The county also maintains an agricultural presence, with the UGA Extension Office supporting the industry. Efforts are underway to balance growth with the preservation of natural resources and a focus on enhancing the overall quality of life for residents.

MARKET PROFILE

Idiosyncratic Markets

Newton County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices -1.9% YoY, population +2.3%, wages +6.8%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
19.2x

Overvalued relative to economy

Home Prices
-1.9%

Prices declining

Climate & Terrain
1.4

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks overvalued at 19.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Takeda Pharmaceuticals Healthcare
    1,000+
  2. 2
    BD (Becton Dickinson) Manufacturing
    500+
  3. 3
    General Mills Manufacturing
    250+
  4. 4
    Newton County School System Education
  5. 5
    Walmart Supercenter (Covington) Retail
  6. 6
    SRG Global Inc. Manufacturing
  7. 7
    Nisshinbo Automotive Manufacturing Inc. Manufacturing
  8. 8
    Oxford College of Emory University Education
  9. 9
    Clairon Metals Corporation Manufacturing
    100+
  10. 10
    PEC Other

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Newton County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
118,152
+2.27% YoY
Median Household Income
$77,179
Median Home Value
$265,000
-1.88% 12mo
Median Rent
$1,439
Average Annual Pay
$58,638
+6.8% YoY
Employment
27,777
+0.2% YoY
Income-to-Home-Value
0.2912
More affordable than average
Migration Inflow
4.79%
of pop. from another state
Bachelor's Degree+
25.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$300,000
Days on Market
47
Moderate pace
Months of Supply
3.9
Balanced market
Sale-to-List Ratio
98.8%
Near asking price
Sold Above List
25.0%
Listings w/ Price Drops
33.5%
Building Permits (2025)
605
Single-Family Permits
600

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
11.8
per 100K · nat avg 6.3
Firearm Fatalities
21.7
per 100K · nat avg 14.8
Injury Deaths
79.8
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$11,840M
TOTAL
PROJECT AMOUNT STATUS
Gregory Road Data Center Campus
Universal Planning LLC (proposed)
$5,700M Proposed
Newton County Technology Park (TPA Group)
TPA Group (proposed)
$5,000M Proposed
Meta (formerly Facebook) Stanton Springs Data Center Expansion
Meta
$1,000M Under Construction
AWS Covington Data Center & Water Facility
Amazon Web Services (AWS)
$100M Planned
Green Power EMC Solar Farm
Green Power EMC / Snapping Shoals EMC
$40M Planned
Archer Aviation eVTOL Manufacturing Facility
Archer Aviation
Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

Population Growth +2.3% 90 percentile
Income Growth +4.7% 87 percentile
Vacancy Rate 1.2% 34 percentile
Home Price Change -1.9% 12 percentile
Rent Growth +1.4% 26 percentile
Price/Rent 12x 88 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

Is Newton County, GA a good place to move to?

The data is not encouraging — Newton County scores just 9/100 on the Boom Town Index, ranking #901 of 1001 counties. Job growth at +0.2% and median household income of $77,179 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Newton County affordable?

Housing in Newton County is roughly in line with national affordability norms. The median home costs $265,000 and the income-to-home-value ratio sits at 0.29, with rents averaging $1,439/month. Not a bargain, but not a stretch for most local earners either.

Is Newton County growing or shrinking?

Newton County's population is growing — up +2.3% YoY — while the job market is roughly flat (employment change of +0.2%). Home values shifted -1.9% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Newton County?

There's a moderate stream of newcomers. About 4.79% of residents moved from another state, which is above average and suggests Newton County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Fayette County, GA 8 Forsyth County, GA 7 Gwinnett County, GA 7 Richmond County, GA 7 Effingham County, GA 6 Columbia County, GA 13 Grayson County, TX 9 Lake County, CA 9