Rent to own Homes in Covington, KY
Covington, KY is a great place for affordable rent-to-own homes! With a median household income of over $46,035 and a median rent of $722, the Covington, KY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Covington, KY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Covington, KY Property Resources
Rent to own Homes in Cities Near Covington, KY
- Amelia
- Aurora
- Burlington
- Camp Dennison
- Coldstream
- Covedale
- Covington
- Crescent Springs
- Crestview Hills
- Day Heights
- Delhi Hills
- De Mossville
- Edgewood
- Evendale
- Fairfax
- Fort Mitchell
- Fort Thomas
- Francisville
- Fruit Hill
- Goshen
- Hebron
- Highland Heights
- Kenton Vale
- Landen
- Loveland
- Loveland Park
- Ludlow
- Madeira
- Madison Place
- Mariemont
- Miami Heights
- Miamitown
- Morning View
- Moscow
- Mount Carmel
- Mount Repose
- Mount Saint Joseph
- Newtown
- Norwood
- Oakbrook
- Park Hills
- Reading
- Remington
- Silver Grove
- Summerside
- Taylor Creek
- Taylor Mill
- Verona
- West Chester
- Withamsville
Neighborhoods in Covington, KY
Levassor Park rent to own homes Mainstrasse rent to own homes Eastside Covington rent to own homes Licking Riverside rent to own homes Kenton Hills rent to own homes Helentown rent to own homes Latonia Rosedale rent to own homes Old Town Mutter Gottes rent to own homes Kuhrs Lane rent to own homes Latonia Milldale rent to own homesPopular Zip Codes in Covington, KY
41019 rent to own homes 41012 rent to own homes 41014 rent to own homesBuying a Home in Covington, KY
Covington, KY is seeing rapid growth and Covington, KY's' housing market remains optimal with an average home price that is -45% below the 2024 national average. Covington, KY is part of Kenton county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Kenton is 1.03% which is above the national average, which is 0.99%.