Covington, KY
Commercial Real Estate Market Trends & Data

$110 Avg asking sale price
$163 Avg asking lease rate
49,187 SF Avg unit lease size
17,233 SF Avg building size for sale
8.59% Average cap rate

Covington's Demographic Profile

Covington has 19,337 households and a median income of $51,783, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 43,746
# Households 19,337
Median age 38
Median household income $51,783
Avg household size 2.0
Renter-occupied housing units 10,114
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Covington, KY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Covington $133 8,053 SF 10.00%
Crestview Hills $157 4,796 SF 7.13%
Edgewood $177 4,263 SF 7.13%
Nearby Retail Markets Avg Cost/SF Typical Size
Covington $128 9,520 SF
Fort Mitchell $1,140 4,300 SF
Wilder $40 49,600 SF
Taylor Mill $40 49,600 SF
Crescent Springs $1,140 4,300 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Covington $114 3,673 SF 8.04%
Newport $82 4,258 SF 8.04%
Cincinnati $126 35,901 SF 11.25%
Oakley $126 14,535 SF 8.38%

Commercial Properties For Sale in Covington

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Covington 5-Plex

Covington, KY 41014

  • 4,126 SF Multifamily
  • $325,000
For Sale

180 W 43rd St

Covington, KY 41015

  • 1.64 AC Lot
  • 1 Commercial Lot
  • $550,000
For Sale

831 Highway Ave

Covington, KY 41011

  • 1,200 SF Office Building
  • $75,000
For Sale

1002 Monmouth St

Newport, KY 41071

  • 9,086 SF Office Building
  • $550,000
For Sale

1008 Race St

Cincinnati, OH 45202

  • 10,000 SF Office Building
  • $1,600,000
For Sale

707-709 Main St

Cincinnati, OH 45202

  • 7,164 SF Retail Building
  • $899,900

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Covington pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Covington $110 17,233 SF
Fort Wright $78 64,058 SF
Fort Mitchell $631 5,826 SF
Ft Mitchell $131 4,828 SF
Crestview Hills $257 3,379 SF

Multifamily Properties For Sale in Covington

For Sale

428-430 Elizabeth St

Cincinnati, OH 45203

  • 4,359 SF Multifamily
  • 7.33% Cap Rate
  • $775,000
For Sale

The Lofts at Fountain Square

Cincinnati, OH 45202

  • 10,220 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Covington alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Covington or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Covington 43,746 19,337 38 $51,783 2 10,114 3%
Fort Wright 5,735 2,650 42 $88,716 2 1,013 2%
Fort Mitchell 8,597 3,498 38 $89,316 2 1,409 1%
Crestview Hills 3,094 1,301 40 $85,067 2 411 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Covington, KY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Covington

View All Commercial Real Estate For Sale in Covington
Is Covington a good market for a first-time commercial real estate investor?

Covington offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Covington?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Covington. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Covington?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Covington. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Covington compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Covington. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Covington acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Covington, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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