Market Overview
Home Prices in Covedale, OH
The median home value in Covedale, OH is $278,110 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Covedale are priced32% below average. Covedale is part of the Cincinnati, OH-KY-IN metro area.
Over the past five years, Covedale home values have risen by approximately31.3%, reflecting strong long-term appreciation in this market.
Price History
Covedale Home Price Trend
City Comparison
Covedale vs. National Median
At $278,110, homes in Covedale cost 32% below the national median of $410,000. This makes Covedale a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Covedale?
20% Down Payment
$55,622
on $278,110
Monthly P&I
$1,450/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,842/mo
incl. taxes & insurance
Income Needed
$73,680
gross annual (30% rule)
10% Down Option
$27,811
+ PMI applies
Loan Amount (20% dn)
$222,488
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Covedale, OH?
The median home value in Covedale is $278,110 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Covedale?
Over the past year, home values in Covedale have increased by 2.3%. Over five years, prices have risen approximately 31.3%.
How much do I need to earn to buy a home in Covedale?
To comfortably afford the median home price of $278,110 with a 20% down payment ($55,622) at today's rates (6.8%), you'd need a gross annual income of approximately $73,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Covedale compare to the national average home price?
The national median home value is approximately $410,000. At $278,110, homes in Covedale are 32% below the national average.
What metro area is Covedale part of?
Covedale is part of the Cincinnati, OH-KY-IN metropolitan area. Home prices and market conditions can vary across the broader metro region.