Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Covington area can be challenging. Home prices in Covington are now at a median cost of $167,888, higher than the Kentucky average of $164,895.
The average cost of rent is $808/mo in Covington, primarily driven by the current value of real estate in the Covington area. While nearly 35.68% of residents own their homes outright in Covington, 60.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Covington is $3,925 per month. Households that rent pay about 20.59% of their income on rent here. Covington's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Park Hills, KY: higher priced homes
- Kenton Vale, KY: less expensive homes
- Newport, KY: equally priced homes
- Fort Wright, KY: higher priced homes
- Southgate, KY: less expensive homes
- Ludlow, KY: equally priced homes
- Bellevue, KY: equally priced homes
- Wilder, KY: higher priced homes
- Bromley, KY: higher priced homes
- Fort Thomas, KY: higher priced homes
Cities with Similar Populations
- Northfield, MN: higher priced homes
- Madisonville, KY: less expensive homes
- Mahopac, NY: higher priced homes
- Mahwah, NJ: higher priced homes
- Manchester, TN: higher priced homes
- Manvel, TX: higher priced homes
- Maplewood, NJ: higher priced homes
- Marietta, OH: less expensive homes
- Marion, NC: less expensive homes
- Mountain House, CA: higher priced homes
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