Is Covington, OH a good place to invest in rental property?

Covington, OH has a median modeled monthly cash flow of $-786 and a median cap rate of 2.9%, on a median sold price of $196,955. Prices changed -5.6% year over year.

What is the average cap rate in Covington, OH?

The median cap rate across recently sold homes in Covington, OH is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Covington, OH?

The median sold price in Covington, OH is $196,955 (about $134 per square foot).

Investing in Covington, OH Real Estate

A data-driven snapshot of the Covington, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$196,955Median sold price

$134Median $/sqft

2.9%Median cap rate

$-786Modeled cash flow / mo

-5.6%Appreciation YoY

4.3Months of supply

17Active listings

47Sold (last 12 mo)

What the Covington numbers say

In Covington, OH, the median home sold for $196,955 (about $134 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-786 of monthly cash flow. Sold prices moved -5.6% over the past year. Inventory sits at about 4.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Covington cash-flowing listings

CashFlowRE ranks every for-sale home in Covington, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Covington deals, or browse the national market data.