HomeKentuckyKenton CountyCovington city
Covington city, Kentucky: commercial real estate data.
Covington city 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.
77 sourced place values · tier FULL · 8 sections
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 7(a) lending to Covington borrowers
- Approvals72
- Gross approval$31,214,100
- Average approval$433,529
- Median approval$150,000
- Ninetieth percentile approval$1,026,300
- Largest approval$3,000,000
- Jobs supported678
- Jobs per approval9.4
- Loans with a final outcome11
- Paid in full11
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- 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
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Covington
SBA 504 lending to Covington borrowers
- 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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Kenton County, not Covington
Kenton County context, not Covington figures
These are Kenton County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Covington measurements.
- Establishments in Kenton County3,297
- Employment at those establishments, Kenton County68,018
- Covered employment, Kenton County74,672
- Average annual pay, Kenton County$71,985
- Average weekly wage, Kenton County$1,384
- Housing units permitted, Kenton County699
- Of those, single family, Kenton County366
- County product, 2024, Kenton County$12,391,283,000
- County product change over the prior year, Kenton County5.9 percent
- Average income of an arriving household, Kenton County$64,252
Every figure in this section is published for Kenton County as a whole and is not a measurement of Covington. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $31.2 m, across 19 lenders, median approval $150,000, plus 9 504 approvals worth $4.9 m. 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?
Of the 11 loans that have reached a final outcome, 11 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Covington figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.