Covington, Kentucky Short Term Rental Regulations
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Reviewed by Karolyn Hutson
Last updated August 29, 2023
Covington Short-Term Rental Regulations
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Short Term City Rating7.4
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Competition
9.4 -
Real Estate Cost
9.0 -
STR Regulations
N/A -
Seasonality
8.2 -
Rental Rates
3.1
Covington, Kentucky Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 40,956
- STR License Required
- No
- Tourist Season
- May to September
- County
- Kenton
- Airports
- Cincinnati/Northern Kentucky International Airport (CVG)
- Cincinnati Municipal Lunken Airport (LUK)
Want to learn more about Covington?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Covington rental analytics guide if you're interested in data on the Covington rental market.
Review the popular activities that hosts include in their property positing in Covington.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Covington guests.
Interested in other Kentucky cities?
Check out the Kentucky short term rental regulations directory
What makes Covington a great place to invest?
- Proximity to Cincinnati: Covington is located just across the Ohio River from Cincinnati, Ohio, making it an attractive and convenient option for visitors looking to explore both cities. With a plethora of attractions, restaurants, and entertainment options in Cincinnati, visitors often choose to stay in Covington for its quieter atmosphere and then travel across the river for day trips.
- Historic Architecture: The city is home to a well-preserved historic district with stunning 19th-century architecture. Visitors often seek out accommodations with character and charm, and the historic homes converted into short-term rentals in Covington offer just that.
- Vibrant Arts Scene: Covington boasts a vibrant arts scene with numerous galleries, studios, and live music venues. The city hosts several arts and music festivals throughout the year, attracting artists and art enthusiasts from all over the country.
- Access to Natural Parks: The city is surrounded by natural beauty, with several parks and green spaces within and around its borders. The nearby Devou Park offers hiking and biking trails, golf courses, and breathtaking views of the Cincinnati skyline, making it a popular destination for outdoor enthusiasts.
- Professional Sports Teams: While Covington itself does not have professional sports teams, its proximity to Cincinnati means that visitors can easily attend games of major league teams like the Cincinnati Reds (MLB) and Cincinnati Bengals (NFL). This makes Covington an attractive option for sports fans looking for convenient accommodations during the sports season.
Covington Nearby Cities
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6 miles away
- Rating: 7.4
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19 miles away
- Rating: 6.3
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Local Real Estate
How expensive is the real estate in Covington?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Covington has decreased -7% over the past year, and the average price per square foot is $141, which is lower than the national average.
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Median Sale Price
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$233,570
-7% YoY
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Median per Square Foot
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$141
-6% YoY
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Average Monthly Rent
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$2,012
0% YoY
The most common terms hosts include in their listings for Covington, Kentucky
Common terms for Covington short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Covington has a description approximately 1,256 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 88 listings in Covington, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Perfect, Place, Creation Museum, Porch, Family, River, Ohio River, Town, Basement, and Yard.
What are the most popular tourist activities in Covington?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Covington involve Casinos, Rural, Hiking, Boating, and Antiquing. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Casinos
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Rural
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Hiking
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Boating
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Antiquing
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Wildlife Viewing
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Museums
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Kayaking
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Adventure Activities
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Zoo
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Marina
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Cycling
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Covington, including Creation Museum, Hollywood Casino, Florence Mall, Perfect North Slopes, and Big Bone Lick State Park. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Regional Landmark
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Rising Star Casino
Included on most listings
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Local Landmark
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Casino at Grand Victoria
Included on 71% of listings
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Regional Landmark
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Hollywood Casino
Included on 50% of listings
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Regional Landmark
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Florence Mall
Included on 50% of listings
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Well Known Attraction
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Creation Museum
Included on 43% of listings
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Regional Landmark
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Perfect North Slopes
Included on 43% of listings
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Regional Landmark
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Big Bone Lick State Park
Included on 43% of listings
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Regional Landmark
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Florence Speedway
Included on 43% of listings
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Local Landmark
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Turfway Park
Included on 43% of listings
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Local Landmark
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Hidden Valley Lake Beach
Included on 43% of listings
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Local Landmark
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Big Bone Lick State Historic Site
Included on 43% of listings
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Regional Landmark
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St. Elizabeth Healthcare Center
Included on 36% of listings
What’s the weather like in Covington, Kentucky?
The weather is generally milder than the national average, with an average high temperature of around 65°, while the average low is about 46°. The rainfall is much heavier, averaging about 36 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 9 inches per year. The humidity levels in Covington are generally lower than the national average, and the city tends to be a bit cloudy for most of the year.
Winter
December through February
28° Low 43° High
Spring
March through May
45° Low 65° High
Summer
June through August
65° Low 84° High
Fall
September through November
47° Low 67° High
Cities Near Covington
Covington, Kentucky, is located in Kenton County. Some cities that are located nearby include:
