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Covington, OH

Full City Profile · Ohio · Miami County County

3.3 /5.0
B Good
2,573 Population 1,878/sq mi density
$51,157 Median Income $31,964 per capita
$162,200 Home Value $231,839 Zillow
$625 Median Rent 22.6% income on rent
53°F Avg Temperature 275 sunny days/yr
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$51,157 median income, 3.1% unemployment
A+
Affordability
4.9 / 5.0
$162,200 home value, $625/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.1 / 5.0
13.3% bachelor's degree or higher

Housing Overview

Median Home Value
$162,200
42% below
US avg: $281,900
Median Rent
$625/mo
46% below
US avg: $1,163/mo
Homeownership Rate
65.2%
0% below US avg (65.4%)
Total Housing Units
1,140
Median year built: 1944

Home Value by Source

Census Median
$162,200
Zillow (ZHVI)
$231,839
Median Sale Price
$220,000
Median List Price
$169,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

65.2%
Owner-Occupied
34.8%
Renter-Occupied
65%
35%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent: $625/mo

Market Indicators (Redfin)

Median Days on Market
97 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$197
Active Inventory
8
homes for sale

Affordability & Housing Stock

Rent Burden
22.6%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1944
Average age of housing stock: 82 years
Homeownership Rate
65.2%

Complete Housing Data

Home Values

Census Median Value$162,200
Zillow Home Value (ZHVI)$231,839
Median Sale Price$220,000
Median List Price$169,900
Price Per Sq Ft$197

Rent

Census Median Rent$625
FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market97
Sale-to-List Ratio0.9%
Price Drops25.0%
Homes Sold1
Active Inventory8
Price Per Sq Ft$197

Ownership & Stock

Owner-Occupied65.2%
Renter-Occupied34.8%
Homeownership Rate65.2%
Total Housing Units1,140
Median Year Built1944
Rent Burden22.6%