ZIP 41011
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 41011 usually run 2.2% below trend in January and 1.5% above it in August, about $59 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 41011 is at its highest level since Zillow's records here began in February 2018.
Rent in ZIP 41011 changed +4.1% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.
From 2019 to 2024, rent in ZIP 41011 rose 44.3% while median household income rose 45.6% ($48,055 to $69,970). Income kept ahead of rent.
Rent in ZIP 41011 is 46.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($69,970) is $1,749 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,390); a 3-bedroom is $1,830.
ZIP 41014, 1 mile away, rents for 23% less ($1,218/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 41011. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 41011 (Covington, KY) is roughly split between renters and owners, 47.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 41011 in Covington, KY has changed in 5 years
Since 2021, the typical rent in ZIP 41011 in Covington, KY has increased from $1,133 to $1,588, a 40.2% change over five years. On the earnings side, the typical household in ZIP 41011 in Covington, KY now reports about $69,970, up from $53,836 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 53.9% of households, compared with 56% five years ago. College-educated residents now make up 47.5% of adults here, versus 40.6% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 41011 in Covington, KY reflects that arc in its own way.
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Tips for renters in ZIP 41011
Last updated: October 17, 2026
ZIP code 41011 covers Covington, KY. The median rent here is $1,588/mo as of October 2026. A 1-bedroom rents for a median of $1,080/mo. A 2-bedroom rents for a median of $1,390/mo.
At 27% of local median household income ($69,970/yr), ZIP 41011 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.
Frequently asked questions
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How does ZIP 41011 compare to the rest of Covington?
At $1,588/mo, rent takes ~27% of ZIP 41011's median household income ($69,970/yr). The standard benchmark is 30%.
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