6 / 100

Newton County, GA

Covington-Porterdale

RANK #926 / 996 NAT  ·  #37 / 41 GA  ·  POP 113,298

1YR FORECAST: -0.3%

5YR OUTLOOK: +10%

Our model projects Newton County's housing market at -0.3% 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.

[02] Market Snapshot

Housing Ratio
6.5x

Above national median (4.7x)

GDP Growth
+5.6%

Well above national median

Home Prices
-2.8%

Prices declining

Climate & Terrain
1.4

Moderate climate & terrain

Price/Rent
9x

Strong rental yield

Housing is fairly valued at 6.5x 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

The Numbers

DEMOGRAPHICS
Population
113,298
+1.83% YoY
Median Household Income
$70,732
Median Home Value
$200,300
-2.81% 12mo
Median Rent
$1,264
Average Annual Pay
$54,919
+4.7% YoY
Employment
27,708
+9.3% YoY
Income-to-Home-Value
0.3531
More affordable than average
Migration Inflow
4.99%
of pop. from another state
Bachelor's Degree+
22.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$305,000
Days on Market
91
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
97.2%
Negotiation room for buyers
Sold Above List
22.1%
Listings w/ Price Drops
29.6%
Building Permits (2024)
1,464
Single-Family Permits
688

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

GDP Growth +5.6% 88 percentile
Population Growth +1.8% 88 percentile
Income Growth +9.2% 67 percentile
Vacancy Rate 0.8% 72 percentile
Home Price Change -2.8% 10 percentile
Rent Growth +1.1% 21 percentile
Price/Rent 9x 95 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

The data is not encouraging — Newton County scores just 6/100 on the Boom Town Index, ranking #926 of 996 counties. Job growth at +9.3% and median household income of $70,732 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Newton County affordable?

By national standards, Newton County is quite affordable. Homes here have a median value of $200,300, and the income-to-home-value ratio of 0.35 is well above the U.S. average — especially with median rent at just $1,264/month. Residents can generally buy a home without being cost-burdened.

Is Newton County growing or shrinking?

Newton County is growing on multiple fronts. Population is up +1.8% year-over-year while employers added jobs at a +9.3% clip. Home values shifted -2.8% in the past year.

Are people moving to Newton County?

There's a moderate stream of newcomers. About 4.99% 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

Gwinnett County, GA 6 Cobb County, GA 7 Chatham County, GA 5 DeKalb County, GA 8 Rockdale County, GA 8 Forsyth County, GA 4 Rockwall County, TX 6 Pender County, NC 6