Covington, KY housing market
Typical home value
$217K
▼ 0.2% 1 yr
Typical rent
$1,513/mo
▲ 5.8% 1 yr
Gross rent yield
8.4%
U.S. 6.3%
5-year home value change
+26%
U.S. +20%
Key takeaways
- 1The typical home in Covington is worth $217,214, down 0.2% over the past year and up 26% over five years.
- 2Typical rent is $1,513 a month (+5.8% YoY), a gross rent yield of 8.4% (above the Cincinnati, OH metro's 6.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,194/mo, $319 less than typical rent.
- 4Zillow forecasts the Cincinnati, OH metro's home values to change +3.0% over the next 12 months.
Market temperature (Cincinnati, OH metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #291 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Covington compares
| Measure | Covington | Cincinnati, OH metro | United States |
|---|---|---|---|
| Typical home value | $217,214 | $305,940 | $366,157 |
| Home value, 1-yr change | −0.2% | +2.2% | +1.2% |
| Typical rent | $1,513 | $1,522 | $1,932 |
| Rent, 1-yr change | +5.8% | +2.8% | +2.7% |
| Gross rent yield | 8.4% | 6.0% | 6.3% |
| Price-to-rent ratio | 12.0 | 16.8 | 15.8 |
| Mortgage P&I, typical home | $1,194 | $1,681 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Covington rental, pre-filled.
Rent vs buy in Covington
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $217K home.
Other cities in the Cincinnati, OH metro
Cincinnati, OH
$246K home$1,432 rent
▲ 0.3% 1 yr
Hamilton, OH
$303K home$1,438 rent
▲ 3.4% 1 yr
Middletown, OH
$260K home$1,287 rent
▲ 3.1% 1 yr
West Chester, OH
$420K home$1,859 rent
▲ 2.7% 1 yr
Loveland, OH
$444K home$1,739 rent
▲ 2.4% 1 yr
Mason, OH
$504K home$2,118 rent
▲ 1.3% 1 yr
Florence, KY
$288K home$1,522 rent
▲ 0.7% 1 yr
Fairfield, OH
$283K home$1,357 rent
▲ 3.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.