Covington Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$82,100

  • 7.9% 1-year change
  • 3.8% 1-year forecast

The median home value in Covington is $82,100. Covington home values have gone up 7.9% over the past year and Zillow predicts they will rise 3.8% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Covington 3.2 homes are foreclosed (per 10,000). This is lower than the Cincinnati Metro value of 3.4 and also lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Covington is 6.0%, which is the same as the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Covington homeowners underwater on their mortgage is 17.0%, which is higher than Cincinnati Metro at 16.9%.

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Relative ZHVI
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Covington Market Overview

Data through Jul 31, 2015
  • $82,100 ZHVI
  • 3.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $93,625 Median sale price
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Covington Market Health

Data through Jul 31, 2015
  • 5.6/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 17.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 6.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

3 Covington
3 Cincinnati Metro
4 United States
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Nearby Cities

Name Median ZHVI
Crestview Hills $201,000
Fort Mitchell $192,800
Edgewood $181,100
Name Median ZHVI
Lakeside Park $172,200
Fort Wright $170,200
Park Hills $161,000
Name Median ZHVI
Taylor Mill $128,300
Wilder $107,300
Southgate $89,300

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $68 Median sale price / sq ft
  • No data Listings with price cut
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Covington Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $880 Covington
    $1,259 Cincinnati Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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