Covington, KY

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Covington short-term rental market based on reliable data.

Listings

203 / 323

Reliable / Active

Cap Rate

13%

Middle-Earners Gross Yield

Revenue

$27,702

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$215,309

Median Home Sale Price

Top Earners

$66,655

Top-Earners Revenue

Covington

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Covington.

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B

Generally Investor friendly

Covington Regulations

Allowed citywide with a clear licensing framework; the limited‑use zoning change and staff review streamline approvals, but $500 annual fees, a citywide cap on non‑host STRs (151 total), 29‑day max stay, occupancy/parking limits, inspections, and a three‑strike enforcement regime create moderate barriers.

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About Covington

Covington, Kentucky, is a vibrant city located in the northern part of the state, right across the Ohio River from Cincinnati, Ohio. It is part of the Cincinnati metropolitan area and serves as a key cultural and economic hub. As of the latest estimates, Covington has a population of approximately 40,000 residents.

The city is situated just a short drive from Cincinnati, making it an ideal location for those looking for a suburban feel while staying close to a major urban center. The distance to downtown Cincinnati is roughly 2 miles, making it exceptionally convenient for short-term rentals catering to both tourists and business travelers.

Covington boasts a number of notable landmarks and attractions that enhance its appeal for visitors. One of the most prominent is the John A. Roebling Suspension Bridge, which links Covington to Cincinnati and offers stunning views of the Ohio River. You can learn more about it here.

Another key attraction is the MainStrasse Village, a historic area filled with charming shops, restaurants, and entertainment venues. It’s an excellent spot for visitors to explore and soak in the local culture. More details can be found here.

The Cathedral Basilica of the Assumption is another significant landmark in Covington. Renowned for its Gothic Revival architecture and beautiful stained glass windows, it is a must-visit for anyone interested in historical and architectural sites. Additional information is available here.

Covington’s proximity to Cincinnati also means easy access to attractions like the Cincinnati Zoo & Botanical Garden, the Cincinnati Art Museum, and the National Underground Railroad Freedom Center, all of which are just a short drive away.

In summary, Covington, KY, offers a strategic location near a major city, a cozy population size, and a variety of cultural and historical landmarks, making it an attractive option for short-term rentals. The city's blend of historic charm and modern amenities provides a compelling case for prospective visitors.

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