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Covington village, OH

ZIP 45318 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 45318

Median Home Value
$176,100
Median Rent
$523
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,131/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

28.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 45318 in Covington village, OH, a household would need roughly $48,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,131. That sits below the local median household income ($64,239), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
76.7%+17% vs US avg
x
Vacancy Rate
10.1%-2% vs US avg
x
Broadband Access
86.9%-0% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
13.5%-73% vs US avg
x
Mortgage-Free
53.8%+41% vs US avg
x
$176,100
Home Value
$523
Rent
1959
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached85.1%
  • 1-unit attached1.5%
  • 2-9 units8.9%
  • 10+ units1.3%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$176,100
Median rent$523
Owner-occupied76.7%
Vacant10.1%
Price-to-income2.7x
Est. income to buy$48,000