HomeKentuckyKenton CountyCovington
Covington, Kentucky: commercial real estate data.
Covington is a Census city of 41,110 people across 13.17 square miles of land, in Kenton County. Median household income is $61,166, 51.8 percent of occupied homes are owned, and the SBA record carries 72 7(a) approvals to borrowers here worth $31.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Covington
What Covington is
- Census place typecity
- Land area13.17 sq mi
- Water area0.59 sq mi
- Population per square mile of land3,123
- County holding the largest share of its areaKenton County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
How many people live in Covington
- Population41,110
- Median age37.6
- Population under 188,366
- Share under 1820.4 percent
- Population 65 and over6,003
- Share 65 and over14.6 percent
- Households18,265
- Family households8,741
- Share of households that are families47.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Income and work in Covington
- Median household income$61,166
- Per capita income$37,216
- Civilian labor force22,618
- Employed21,340
- Unemployed1,278 plus or minus 301
- Unemployment rate5.7 percent plus or minus 1.3
- Adults 25 and over29,341
- Adults 25 and over with a high school diploma or higher88.2 percent
- Adults 25 and over with a bachelor degree or higher32.2 percent
- Adults 25 and over with a graduate degree10.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
Housing in Covington
- Housing units21,048
- Occupied units18,265
- Vacant units2,783
- Vacancy rate13.2 percent
- Owner occupied9,464
- Renter occupied8,801
- Ownership rate51.8 percent
- Median owner-occupied home value$187,300
- Median gross rent, monthly$1,006
- Annual rent as a share of median income19.7 percent
- Single family units12,180
- Share single family57.9 percent
- Units in buildings of two or more8,726
- Share in buildings of two or more41.5 percent
- Mobile homes111 plus or minus 67
- Median year structure built1947
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
How Covington gets to work
- Workers 16 and over who commute18,045
- Commuting under 15 minutes4,605
- Share commuting under 15 minutes25.5 percent
- Commuting 30 minutes or more4,242
- Share commuting 30 minutes or more23.5 percent
- Drove alone71.5 percent
- Carpooled5.8 percent plus or minus 1.4
- Public transport2.6 percent plus or minus 1.0
- Walked3.1 percent plus or minus 1.0
- Worked from home14.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Covington
SBA loans in Covington (7(a))
- Approvals72
- Gross approval$31,214,100
- Average approval$433,529
- Median approval$146,000
- Ninetieth percentile approval$1,009,460
- Largest approval$3,000,000
- Jobs supported678
- Jobs per approval9.4
- Loans with a final outcome11
- Paid in full11
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more9.7 percent
- Share to franchises5.6 percent
- Distinct lenders19
- Distinct industries by NAICS39
Counted by borrower city: approvals to borrowers whose address is in Covington, in any county, FY2020 to FY2026. Only 11 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Covington
SBA loans in Covington (504)
- Approvals9
- Gross approval$4,887,000
- Average approval$543,000
- Median approval$380,000
- Largest approval$1,663,000
- Jobs supported49
- Loans with a final outcome5
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Covington, in any county, FY2010 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Covington
Flood risk in Covington
- NFIP communityCity of Covington
- NFIP community number210129
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date05/16/13
The City of Covington participates in the National Flood Insurance Program as community 210129 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Kenton County, not Covington
Kenton County context, not Covington figures
- Establishments in Kenton County3,297
- Covered employment, Kenton County74,672
- Average annual pay, Kenton County$71,985
- Housing units permitted, Kenton County699
Every figure in this section is published for Kenton County as a whole and is not a measurement of Covington.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Covington questions, answered from the record.
How many people live in Covington, Kentucky?
41,110, in 18,265 households. Covington city covers 13.17 square miles of land, which is 3,123 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Covington in?
Kenton County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Covington?
$61,166. The median owner-occupied home is valued at $187,300. Median gross rent is $1,006 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Covington businesses?
72 7(a) approvals totaling $31.2 m since FY2020, across 19 lenders, median approval $146,000, plus 9 504 approvals worth $4.9 m since FY2010. These count approvals to borrowers whose address is in Covington, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Covington borrowers get paid back?
No rate is published for Covington. Only 11 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Covington in the National Flood Insurance Program?
Yes. Covington appears in the FEMA Community Status Book as Covington, city of, community 210129, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Covington figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Kenton County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Covington.
Is zoning published for Covington?
No. Nothing on this page presents parcel level zoning.