Commercial Real Estate Market in Covington, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 218 off-market properties in Covington, OH.
Market Trends
Covington, OH spans 46.9 square miles in Miami County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Covington, OH asks $103/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Covington, OH asks $106/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Covington, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Covington, OH asks $102/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 50%
- Industrial 18.8%
- Special 18.1%
- Open space 6.2%
- Commercial 5.1%
- Civic 1.8%
Largest Zones share of zoned land by district
Urban Residential
Light Industrial Commercial
Flood Plain
Conservation District
Central Business
Covington, OH zones 799 acres across 11 districts. Commercial zoning covers 5.1% of zoned land, residential 50%, open space 6.2% and industrial 18.8%. The largest single district is Urban Residential at 47.2%. For commercial buyers the practical constraint is that only 23.9% of land carries a commercial or industrial designation.
Light Industrial Commercial (I-1)
I-1 Light Industrial - Commercial District PR Planned Residential District PMH Planned Mobile Home Residential District PC Planned Commercial District PI Planned Industrial District CD Conservation District FP Flood Plain District 802 Compliance with Regulations The regulations for each district set forth by this ordinance shall be minimum regulations and sh…
Market overview
Demographics & Economy
Covington, OH has 5,438 residents in 2,534 households. Density runs 116 people per square mile. Median household income here is $64,239 and median gross rent $701 a month.
5,438
Population
2,534
Households
2.1
Avg Household Size
42
Median Age
13%
College-Educated
92%
High-School Grad
46.9 sq mi
ZIP Area
116
Density / Sq Mi
$64,239
Median Household Income
$41,159
Median Earnings
$701
Median Rent
$176,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bradford | — | — |
| Pleasant Hill | — | — |
| P Hill | — | — |
| Piqua | — | — |
Commercial property in Covington, OH asks $43/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Covington?
Commercial property in Covington, OH asks an average of $43 per square foot. The 4 most recent recorded sales traded at a median of $134/SF. Retail carries the highest asking price at $106/SF.
What zoning applies to commercial property in Covington?
Covington, OH zones 799 acres across 11 districts, of which 5.1% is commercial and 18.8% industrial. The largest single district is Urban Residential at 47.2% of zoned land. Residential zoning covers 50% and open space 6.2%.
Where does Realmo's Covington market data come from?
Realmo compiles Covington, OH figures from 8 recent recorded sales, 6 active sale listings, 218 tracked off-market properties, the current Covington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Covington, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 799 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
