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Kenton County, KY

Covington

RANK #187 / 996 NAT  ·  #3 / 19 KY  ·  POP 169,066

1YR FORECAST: +1.9%

5YR OUTLOOK: +32%

Our model projects Kenton County's housing market to grow +1.9% over the next year, significantly outpacing the national average.

[01] Why Kenton County?

Kenton County, Kentucky, is distinguished by its dual county seats, Covington and Independence, a historical arrangement dating back to 1840. Situated in Northern Kentucky, it lies directly across the Ohio River from Cincinnati, Ohio, making it part of the Cincinnati metropolitan area. This proximity means a commute to downtown Cincinnati can be as short as 10-20 minutes during off-peak hours, though rush hour can extend this. The Transit Authority of Northern Kentucky (TANK) provides bus services, including express routes, connecting the county to Cincinnati. The county offers a mix of urban and suburban environments, with numerous parks like Devou Park in Covington, which provides views of the Cincinnati skyline and extensive trails for hiking and mountain biking.

Life in Kenton County appeals to families and young professionals, with a significant portion of residents owning their homes. The public school system is extensive, comprising five districts, including Kenton County Public Schools, which serves over 13,000 students. The local economy is diverse, with a notable increase in employment in warehousing and storage, and a strong presence of public sector, education, and healthcare jobs. Recent economic developments include investments in public amenities, such as a new county park in Independence, and funding for educational infrastructure, including a biomedical center in Covington.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+2.1%

Below national median

Home Prices
+2.0%

Above national median

Climate & Terrain
-1.6

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    St. Elizabeth Healthcare Healthcare
    10,000+
  2. 2
    Kenton County School Districts Education
    5,000+
  3. 3
    Northern Kentucky University Education
    1,000+
  4. 4
    Cincinnati/Northern Kentucky International Airport (CVG) Logistics
  5. 5
    Perfetti Van Melle Manufacturing
    500+
  6. 6
    Mazak Corporation Manufacturing
  7. 7
    Mubea Manufacturing
  8. 8
    Transit Authority of Northern Kentucky (TANK) Government
    250+
  9. 9
    R.A. Jones & Co. Manufacturing
    100+
  10. 10
    Drees Homes Other

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Kenton County U.S. National

The Numbers

DEMOGRAPHICS
Population
169,066
+0.48% YoY
Median Household Income
$76,016
Median Home Value
$207,700
+2.01% 12mo
Median Rent
$961
Average Annual Pay
$71,985
+0.1% YoY
Employment
74,672
+2.3% YoY
Income-to-Home-Value
0.366
More affordable than average
Migration Inflow
4.12%
of pop. from another state
Bachelor's Degree+
36.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$283,000
Days on Market
33
Active market
Months of Supply
1.7
Seller's market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
18.4%
Listings w/ Price Drops
27.4%
Building Permits (2024)
699
Single-Family Permits
366

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.2
per 100K · nat avg 6.3
Firearm Fatalities
11.9
per 100K · nat avg 14.8
Injury Deaths
97.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$245M
TOTAL
PROJECT AMOUNT STATUS
Niagara Bottling Manufacturing Facility
Niagara Bottling
$130M Planned
Biomedical Center for Excellence / UK College of Medicine–NKY Campus & NKU Chase College of Law
Northern Kentucky Port Authority, University of Kentucky, Northern Kentucky University
$115M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +2.1% 37 percentile
Population Growth +0.5% 51 percentile
Income Growth +11.0% 90 percentile
Vacancy Rate 0.9% 65 percentile
Home Price Change +2.0% 59 percentile
Rent Growth +4.8% 76 percentile
Price/Rent 12x 72 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Kenton County, KY a good place to move to?

Kenton County ranks #187 out of 996 U.S. counties on the Boom Town Index with a score of 81/100, putting it in the top tier nationally. Job growth of +2.3% and a median household income of $76,016 point to a county with active economic momentum.

Is Kenton County affordable?

By national standards, Kenton County is quite affordable. Homes here have a median value of $207,700, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $961/month. Residents can generally buy a home without being cost-burdened.

Is Kenton County growing or shrinking?

Employers in Kenton County are hiring — job growth of +2.3% — but the population is close to flat (+0.5% YoY). Home values moved +2.0% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Kenton County?

There's a moderate stream of newcomers. About 4.12% of residents moved from another state, which is above average and suggests Kenton County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Jessamine County, KY 79 Daviess County, KY 84 Bullitt County, KY 87 Fayette County, KY 70 Scott County, KY 61 Jefferson County, KY 42 Pitt County, NC 81 Alamance County, NC 81