Covington, KY has a median housing value of $169,800, significantly lower than the US median of $338,100. Despite this gap in pricing, Covington has seen a significant appreciation rate of 14.21% over the past year, which is higher than the national average of 8.27%. This suggests that there are many opportunities for potential buyers to purchase homes in Covington at a competitive rate with considerable potential for increased value. The market in Covington appears to be booming and could be an ideal place to reside or invest.
The median home cost in Covington is $169,800. Home appreciation the last 10 years has been 78.7%. Home Appreciation in Covington is up 15.5%.
Average Age of Homes
- The median age of Covington real estate is 75 years old
The Rental Market in Covington
- Renters make up 40.9% of the Covington population
- 1.6% of houses and apartments in Covington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.