Covington, KY mortgage calculator

Covington
Mortgage
Calculator

Covington sits directly across the Ohio River from Cincinnati, giving residents access to a larger metro job market at Kentucky's lower cost of living. Kenton County's property tax rate is the highest among Kentucky's major cities, closer to Ohio norms than the rest of the state.

1.15% county property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$1,413
P&I · Taxes · Insurance
Total interest
$223,645
Principal & Interest$1,110/mo
Property Tax (1.15%)$211/mo
Homeowners Insurance$92/mo

Recommended for incomes above $65k/yr (28% DTI rule)

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1.15%
Covington area property tax rate
$220,000
Covington median home price
$1,413
est. monthly payment at defaults

Covington housing market

$220,000
Median home price
$50,000
Median household income
40,956
City population

The 1.15% property tax rate reflects the county-level effective rate for Covington and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Kentucky average — county-level data produces more accurate monthly payment estimates for Covington buyers. Many Covington properties also carry HOA fees — the area average is approximately $100/month, which is not included in the calculator above.

Rate history

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