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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.40% |
| One Bedroom | 28% |
| Two Bedrooms | 34.10% |
| Three Bedrooms | 26.70% |
| Four Bedrooms | 6.70% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $71,900 |
| Median Price asked for vacant units | $69,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $368 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 10.50% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 53.40% |
| Debt Free | 25.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
