Newton County housing stock & renter economics

Newton County apartment-building and small-multifamily investors concentrate in ZIPs where HUD Fair Market Rents sit above or beside ACS median gross rent. The table below is ZCTA housing stock and voucher benchmarks for commercial residential income underwriting, linked to each ZIP housing profile. Live FMLS set on this page: 2 buildings.

8 ZCTAs · 7 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.

Population: 129,944
Households: 45,921
Housing units: 48,679
2-unit stock: 632
3–4 unit stock: 608
2–4 unit stock: 1,240
5–49 unit stock: 1,425
50+ unit stock: 397
Median renter share: 16.0%
ACS median rent: $1,199
Contract rent: $852
1BR SAFMR: $1,225
2BR SAFMR: $1,340
3BR SAFMR: $1,600
SAFMR / ACS rent: 1.13×
Vacancy (ACS): 7.7%
Pop Δ 2018–2023: +7.3%
Median HH income: $74,276
Rent burden ≥30%: 40.8%
Rent burden ≥50%: 16.5%
LIHTC projects / units: 12 / 1,818
HUD assisted MF: 3 / 393
Alloc. 5+ permits: 45

Newton County: median renter share 16.0%; ACS median gross rent $1,199; FY2027 2BR SAFMR $1,340; 2BR SAFMR is 1.13× ACS median gross rent; 632 units in 2-unit structures, 608 in 3–4-unit structures, and 1,425 in 5–49-unit structures; population up +7.3% between ACS 2018 and 2023; 12 LIHTC projects (1,818 units); 45 allocated 5+ unit permits (county BPS × ZCTA share). Census / HUD stock — not a rent roll and not a buy/sell score.

ZIPPlaceRentersMed. rent2BR SAFMR2–49 unitsPop Δ

30014Covington37.8%$1,199$1,3601,963+4.6%30016Covington19.2%$1,585$1,780508+12.7%30025Social Circle12.3%$1,108$1,200112+21.9%30054Oxford18.0%$1,229$1,32064-8.8%30056Newborn16.0%$979$1,12018+7.3%30055Mansfield7.4%$1,217$1,7000+19.9%30070Porterdale0.0%$0$1,3600-84.3%30164Rome, GA MSA——$1,200—+0.0%

Georgia ZIP housing directory·All Georgia ZCTAs·SAFMR directory·Voucher Spread™

ZCTA ≈ USPS ZIP. ACS 5-year 2023 lags construction. Units-in-structure is Census standing stock (2-unit vs 3–4 vs 5–49 vs 50+), not the live FMLS card. SAFMR is a bedroom-specific HUD voucher benchmark, not asking rent. LIHTC / assisted-MF are inventory of record and belong on apartment pages. 5+ permits are county BPS 2025 allocated by ZCTA housing-unit share. Brokerage is Georgia-only.

2 Multifamily Investment Properties for Sale in Newton County

As of today, 2 active small multifamily listings in Newton County · median $117,475/door. Newton County (Covington area) sits east of Atlanta and has seen growing investor interest. Multifamily inventory is limited and usually consists of small residential multi-unit properties.

All Georgia multifamily →Georgia multifamily market report →