Covington, KY

Population: 40,956
Average annual home appreciation rate: 4.78%
Total of homes for sale in this market: 957
Median home price: $102,564
Median Rent: $713 per room
Home price range: 41.57% of homes are between $101,001 – $201,000
Median sales price: $86,700
Number of homes: 238
Median foreclosure sales price: $40,000
Foreclosure discount: 54%
Most common home type: 55.53% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 16.98%
Number of renters: 51.63%
Number of owner occupied: 48.37%
Number people living below poverty level: 26.36%
Unemployment rate: 5.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Covington area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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