Covington, KY Real Estate

According to census data in the year 2000 there were 20,450 housing units in Covington. This represents a 7% growth from 19,117 in 1990.

Of those housing units, 20,450 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Covington is about 49.3%. Covington's vacancy rate, including seasonal lodging, is about 10.9%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Covington were built after 1943.


Housing Size

Housing Units by Size
Studio Type3.40%
One Bedroom28%
Two Bedrooms34.10%
Three Bedrooms26.70%
Four Bedrooms6.70%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1939
Median Value of occupied units$71,900
Median Price asked for vacant units$69,200

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1945
Median Monthly Rent asked for vacant units$368

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage10.50%
Home Equity Loan10.60%
Simple Mortgage53.40%
Debt Free25.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18%