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Covington, KY
Full City Profile · Kentucky · Hamilton County County
3.3
/5.0
B
Good
40,902
Population
3,106/sq mi density
$58,814
Median Income
$36,410 per capita
$167,900
Home Value
$215,309 Zillow
$949
Median Rent
29.8% income on rent
55°F
Avg Temperature
293 sunny days/yr
466
Violent Crime/100K
2,912 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$58,814 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$167,900 home value, $949/mo rent
F
Safety
1.0 / 5.0
466 violent crimes/100K (23% above avg)
B+
Education
3.6 / 5.0
32.0% bachelor's degree or higher
Housing Overview
Median Home Value
$167,900
40% below
US avg: $281,900
Median Rent
$949/mo
18% below
US avg: $1,163/mo
Homeownership Rate
51.5%
21% below US avg (65.4%)
Total Housing Units
21,066
Median year built: 1947
Home Value by Source
Census Median
$167,900
Zillow (ZHVI)
$215,309
Median Sale Price
$227,500
Median List Price
$319,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
51.5%
Owner-Occupied
48.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$719/mo
1 Bedroom
$794/mo
2 Bedroom
$984/mo
3 Bedroom
$1,277/mo
4 Bedroom
$1,442/mo
Census median rent:
$949/mo
· Zillow rent:
$1,505/mo
Market Indicators (Redfin)
Median Days on Market
15 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
47
Price Drops
27.6%
of listings with price reduction
Price Per Sq Ft
$181
Active Inventory
98
homes for sale
Affordability & Housing Stock
Rent Burden
29.8%
of renters spending 30%+ of income on housing
4% below US avg (31.0%)
Median Year Built
1947
Average age of housing stock: 79 years
Homeownership Rate
51.5%
Complete Housing Data
Home Values
| Census Median Value | $167,900 |
| Zillow Home Value (ZHVI) | $215,309 |
| Median Sale Price | $227,500 |
| Median List Price | $319,900 |
| Price Per Sq Ft | $181 |
Rent
| Census Median Rent | $949 |
| Zillow Rent (ZORI) | $1,505 |
| FMR Studio | $719 |
| FMR 1-Bedroom | $794 |
| FMR 2-Bedroom | $984 |
| FMR 3-Bedroom | $1,277 |
| FMR 4-Bedroom | $1,442 |
Market
| Days on Market | 15 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 27.6% |
| Homes Sold | 47 |
| Active Inventory | 98 |
| Price Per Sq Ft | $181 |
Ownership & Stock
| Owner-Occupied | 51.5% |
| Renter-Occupied | 48.5% |
| Homeownership Rate | 51.5% |
| Total Housing Units | 21,066 |
| Median Year Built | 1947 |
| Rent Burden | 29.8% |