Covington, OH housing market
The typical Covington home is worth about $244,000, up 2.9% in a year, close to the Ohio typical home. Homes typically sell in 41 days, a little above asking.
Home values, sales, trends and how Covington compares with the towns next door — updated as new data is published.
Covington at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Covington | Ohio |
|---|---|---|
| 2017 | $130,000 | $133,000 |
| 2018 | $137,000 | $141,000 |
| 2019 | $144,000 | $150,000 |
| 2020 | $154,000 | $158,000 |
| 2021 | $174,000 | $178,000 |
| 2022 | $189,000 | $195,000 |
| 2023 | $206,000 | $211,000 |
| 2024 | $217,000 | $224,000 |
| 2025 | $233,000 | $237,000 |
| 2026 | $241,000 | $245,000 |
| August 2026 | $244,000 | $249,000 |
4.1 years of income
The typical Covington home costs about 4.1 years of the town's median household income, more than across Ohio (3.5 years).
How Covington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Covington is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Covington pay a median of $588, so moving in tends to cost more than staying put. A two-bedroom takes about 20% of the town's median household income.
Studio $720 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (45318; Dayton-Kettering-Beavercreek, OH MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.