Covington Market Information
Founded in 1814, Covington is known for its many historical buildings and places, with the Licking Riverside Historic District named one of ten Great Neighborhoods for 2013 by the American Planning Association. The Downtown Commercial District is home to several structures listed in the National Register of Historic Places, including the Odd Fellows Hall and the Trinity Episcopal Church.
Covington has many destinations popular with residents and visitors alike. The most popular is Mainstrasse Village, a neighborhood just south of the Central Business District with dozens of local restaurants and boutique shops. Other visitors to Covington come to view its many works of art, including the Roebling Murals on the Covington Waterfront, depicting the history of Covington, and the Riverwalk Statues, seven life-like bronze statues of historical figures on Riverside Drive.
Public transportation is popular among residents traveling to neighboring Newport and downtown Cincinnati for work, shopping, and entertainment. Covington is also home to the Cincinnati/Northern Kentucky International Airport.
Since the mid-to-late 1980s, Covington has experienced a rebirth, in both housing and commercial activity. The city has invested local and state funds into numerous projects that have attracted new residents and visitors. In 2008, The Ascent at Roebling’s Bridge was completed. Designed by world-renowned architect Daniel Libeskind, The Ascent won the 2008 CNBC property award for best high-rise in the Americas.
Homes in Covington are valued from sub $100,000 to over $500,000, with the average around $100,000.
Covington Market Statistics
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About Home Valuations
Many popular real estate sites use Automated Valuation Models (AVM) to estimate the price of your home. These models use historical statistics based upon similar homes to determine a price range. Just because two homes may be in the same neighborhood, have the same number of bedrooms, and be the same size does not mean that the prices of the homes will be similar. Many factors go into pricing a home, including the property's condition (both inside AND out), lot characteristics, latest market conditions, amenities, and even intangible factors. Having a real estate professional evaluate your property is the bast way to receive the most accurate estimate of your home's value. To receive an estimate for your home, fill out the form above to receive a free, no obligation Comparative Market Analysis (CMA).
Keep in mind that your home is one of the most valuable assets you own. Even if you are not considering the sale of your property, a CMA is a great way to understand the equity you have accumulated in your home, which can be useful for financial planning.
Recent Sales in Covington
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