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

Covington, OH has a median modeled monthly cash flow of $-739 and a median cap rate of 2.9%, on a median sold price of $195,978. Prices changed +1.1% 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 $195,978 (about $137 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.

$195,978Median sold price

$137Median $/sqft

3.0%Median cap rate

$-739Modeled cash flow / mo

+1.1%Appreciation YoY

6.0Months of supply

25Active listings

50Sold (last 12 mo)

What the Covington numbers say

In Covington, OH, the median home sold for $195,978 (about $137 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-739 of monthly cash flow. Sold prices moved +1.1% over the past year. Inventory sits at about 6.0 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.