Market Intelligence · KY / Covington

Covington, KY 41016 Housing Market

Typical home value in Covington, KY 41016 is $195,797, down 0.5% over the past year. The median list price stands at $267,400, with homes typically spending 36 days on the market as of September 2026.

Updated September 2026Median value$196K

The median home value in Covington, KY 41016 is $196K as of September 2026, down 0.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 41016 range

$180K to $211K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.5% over 12 months

Sep 2025$197K

Low $196KHigh $199K

Sep 2026$196K

The numbers

What is the 41016 housing market like?

As of September 2026

Typical home value

$196K

0.5%YoY

Median list price

$267K

1.9%MoM

Days on market

28.0%MoM

Homes for sale

4.0%MoM

Price cuts

26.3%

23.8%MoM

New listings

62.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

41016 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 41016 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 41016 fell 0.5%, per the Zillow Home Value Index.

Will home prices drop in 41016?

Zillow's forecast does not call for a drop: it expects typical home values in 41016 to rise 2.2% by September 2027, after a 0.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 41016 home prices compare?

41016$195,797
Covington$195,797
Kentucky$168,346
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Covington: 3 ZIPs; Kentucky: 598 ZIPs; United States: 26,262 ZIPs).

Context

There are 26 homes for sale in 41016, with 6 new listings arriving in September 2026. Nearly a quarter of listings, specifically 26.3%, have seen price reductions. The gap between typical home value and median list price reflects the range of properties available in this market. Homes are staying on the market for over a month on average, suggesting that sellers should be realistic about pricing and prepared for a slower pace.

Monthly payment

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Home price

Down payment20% · $39,159

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Common questions

What people ask us.

How much is a home in Covington, KY 41016 worth?

The typical home value is $195,797, which declined 0.5% over the past year.

How long do homes stay on the market in 41016?

Homes typically spend 36 days on the market as of September 2026.

What share of homes have price cuts in this ZIP?

As of September 2026, 26.3% of listings have received a price reduction.

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