Covington, LA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Covington short-term rental market based on reliable data.

Listings

128 / 256

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$30,458

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$315,348

Median Home Sale Price

Top Earners

$58,033

Top-Earners Revenue

Covington

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Covington.

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C

Challenging to Investors

Covington Regulations

A strict citywide cap of 10 permits (already near saturation) and a ban on short‑term rentals in single‑family residential zones severely limit where and how STRs can operate, pushing most uses into commercial/mixed‑use areas. Operators must obtain both a conditional use permit and an annual administrative permit, complete a public‑hearing process, pass fire inspections, carry $500k liability insurance, and pay B&B/STR fees—creating a heavy, ongoing compliance burden. Combined with parish‑level rules and daily fines for violations, the regulatory environment is constrained and costly for new investors.

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About Covington

Covington is a city in, and the parish seat of, St. Tammany Parish, Louisiana, United States. The population was 11,564 at the 2020 United States census. It is located at a fork of the Bogue Falaya and the Tchefuncte River. Covington is part of the New Orleans–Metairie–Kenner metropolitan statistical area. Covington has played a large role in movie making over the past 20 years, featuring in over 30 films.

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