The median home in Covington, Kentucky is valued at $212,342, up 1.4% year over year. Typical monthly rent is $1,410, producing a price-to-rent ratio of 12.5x — below the national average of 18x. Covington is part of the Cincinnati, OH-KY-IN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$212,342

+1.4%

Rent$1,410/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Covington.

Income (annual)

Down Payment

$42,468 on $212,342

Example: $75,000 household income. Change it above to see your own.

Affordable22.3% of income

Under the 28% guideline.

PITI$1,393

P/I22.3%

Afford$267K

Room+$54K

P&I $1,074Tax $152Ins $167

Buying $17/mo cheaper ($1,410 rent)6.50% 30yr, 20% down, county tax + KY ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Kentucky

Compare Covington with other housing markets across Kentucky.

Prospect$595K Finchville$481K Goshen$474K Crestwood$467K River Bluff$446K Wilsonville$445K Union$444K Buckner$429K

Full Cincinnati, OH-KY-IN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Cincinnati, OH-KY-IN metro.

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Covington, KY