41016, Covington, KY

The 41016 zip code of Covington, KY has a median home value of $151,000 and a median home equity value of $135,000. These values are above the national median home value of $130,000 and the regional median home equity value of $119,000. The 41016 zip code is also above the Kentucky median home value of $128,500.

The 41016 zip code has a high concentration of homeowners with a mortgage or loan-to-value (LTV) ratio greater than 80%. This indicates that most homeowners in this zip code have ample equity in their homes to cover potential future debt payments. Additionally, the 41016 zip code has a high concentration of homeowners with at least one vehicle available for sale. This indicates that there is strong demand for housing in this area and that people are able to afford to buy and live in homes here.

Overall, it appears that people living in the 41016 zip code are able to afford to buy and live in homes here at reasonable prices. This is likely due to strong demand for housing as well as ample equity in many homes.