Covington, Kentucky.
Typical home $217,214 (-0.2% in a year), asking rent $1,513 (+5.8%). Cincinnati, OH-KY-IN metro.
to buy the typical home at today's mortgage rate — +$643 (+129%) since Jan 2020.
- 1 year
- Down $384 -0%
- $217,599$217,214 since Sep 2025
- 5 years
- Up $44,992 +26%
- $172,222$217,214 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Covington$1,140
- Kentucky$1,212
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Covington, KY fell 0.2% over the past year — slower than the nation's +1.2%.
Asking rents in Covington, KY rose 5.8% over the past year — faster than the nation's +2.7%.
Owning the typical home in Covington runs $37/mo more than renting one. The gap peaked at $273 in Jul 2020.
That is $1,550 a month against $1,513 rent: a $1,140 mortgage payment, plus $177 property tax and $233 insurance & upkeep.
Owning vs renting — Covington
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,550
- Renting$1,513
- Mortgage only$1,140
Property tax · $177/mo 0.98% of value a year — the ACS 2020-2024 median bill over the median home value for Kenton County, KY
Insurance & upkeep · $233/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Covington, Kenton County, Kentucky
Covington is a city of 40,961 people in Kenton County. Half its households earn more than $61,166 a year and half less, against $80,548 across Kenton County; 21% of its people live below the poverty line. 52% of its homes are lived in by their owners and 48% are rented. Unemployment in Covington was 3.7% in August 2026, and Kenton County had 1.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Covington is a city on the Kentucky side of the Ohio River, across from Cincinnati. Incomes here run well below the county's, and more people live below the poverty line than most would expect to find across Kenton County as a whole. About as many homes are rented as are lived in by their owners, and a typical home costs less than in many parts of the region. Winters are cold, summers are warm, and rain and melted snow fall through the year.
Work. Many residents work in schools, hospitals and social care, with shops, manufacturing and professional and business services also employing a good number. Among the largest workplaces in Covington are the Internal Revenue Service, Taylor Farms Tennessee and Covington Independent Schools. Joblessness is a little lower than a year ago, and commutes are fairly short, with some people working from home.
Things to do. The Newport Aquarium is a short drive away, as is the Cincinnati Zoo and Botanical Garden. For sport, Great American Ball Park is also a short drive off, and the Licking River is close by for a walk along the water.
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- 18,265households
- 32%of adults have a degree
- 21%below the poverty line
- 22 mintypical commute
- 14%work from home
What residents work in
Employed residents by industry, from the Census survey. Kenton County had 75,385 jobs in 2025, 1.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 41° and lows near 24°; warmest in July, with highs near 87° and lows near 65°. About 43 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Cincinnati Lunken Airport weather station, 7 miles away (NOAA).
Largest workplaces in Covington
- Internal Revenue ServiceFederal government · Department of the Treasury1,677
- Taylor Farms TennesseePrepared meals, perishable, packaged for individual resale789
- Covington Independent SchoolsSchool district629FTE
- Atkins and PearceThread mills259
- Kenton HousingNursing homes193
- Kroger Cincinnati-Dayton KMASupermarkets and other grocery except convenience stores141
- Chfs DcbsState government140
- M&M Service Station Equipment SpecialistPetroleum and petroleum products merchant wholesalers140
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 32 workplaces with 20 or more staff, 3,111 people in all. Federal offices come from OPM's federal workforce data (2026) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windrelatively high in parts of CovingtonRelatively moderate
- Cold wavesRelatively moderate
- Tornadoesrelatively high in parts of CovingtonRelatively moderate
- LightningRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Covington’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Kenton County and the Cincinnati, OH-KY-IN metro.
Covington home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Covington$217,214
- Kentucky$230,909
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Covington listings, and the typical home goes pending in 17 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Covington36.24%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Covington17
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Covington197
New listings per month
Sellers arriving at the market.
- Covington63
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Covington$217,606
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Covington98.13%
Zip codes with a Covington address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Covington — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Covington
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 41011 | Covington | 26,981 | $1,588 | $284,781 |
| 41014 | Covington | 7,392 | $1,218 | $173,805 |