Housing market/Kentucky/ZIP 41011
ZIP 41011 Covington, Kentucky
Cincinnati, OH-KY-IN HUD Metro FMR Area · Kentucky. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 41011 · KY — sent to you.
ZIP 41011 · KY
ACS rent vs 2BR SAFMR
ZIP 41011 — Covington, KY HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 41011
- 1-unit detached6,43744.4%
- 1-unit attached7575.2%
- 2–4 units2,66918.4%
- 5–49 units3,27522.6%
- 50+ units1,3059.0%
- Mobile470.3%
2–4 unit share 18.4% · 5–49 unit share 22.6% · combined 2–49 41.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,011 (all bedrooms, occupied rentals).
- Median contract rent $817.
- Renters paying ≥30% of income 47.6%; ≥50% 21.5%.
- FY2027 2BR SAFMR $1,530 (1.513× ACS median gross rent).
Population
27,558 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +6.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 21 projects, 673 units.
- HUD project-based assisted MF: 6 properties, 338 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 255 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 41011 53.6% of occupied households are renters; vacancy is 13.2%; ACS median gross rent is $1,011; population increased +6.5% between the 2018 and 2023 ACS vintages; the housing stock includes 2,669 units in 2–4-unit structures and 3,275 units in 5–49-unit structures; 21 LIHTC projects totaling 673 units; FY2027 2BR SAFMR is $1,530 versus ACS median gross rent of $1,011. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Kentucky research
ZIP 41011 is a Census / HUD profile for Cincinnati, OH-KY-IN, KY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 41011 — Covington, KY HUD Section 8 Payment Standards / SAFMR·Kentucky ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Kentucky research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 41011?
ZIP 41011 (Cincinnati, OH-KY-IN HUD Metro FMR Area) has 27,558 residents, 12,576 households, a renter share of 53.6%, median household income of $67,075, and ACS 2023 median gross rent of $1,011. Vacancy is 13.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 41011?
ACS counts 1,542 units in 2-unit buildings, 1,127 in 3–4 unit buildings, 1,553 in 5–9, 1,155 in 10–19, and 567 in 20–49. Combined 2–49 unit stock is 5,944 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 41011?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,530. See the full schedule and 90–110% payment-standard band on the ZIP 41011 — Covington, KY HUD Section 8 Payment Standards / SAFMR.
Does this Kentucky ZIP profile include Georgia listings?
No. ZIP 41011 is Census / HUD research for Cincinnati, OH-KY-IN HUD Metro FMR Area. Jeff Crowe CRE does not list Kentucky property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.