Covington Homes under $500,000

Welcome to Covington, Kentucky—a vibrant city that beautifully marries historic charm with modern living. Nestled in Kenton County, just across the river from Cincinnati, Covington boasts a rich tapestry of culture, arts, and community spirit. Known for its stunning architecture, including the iconic Roebling Bridge, this city offers a unique blend of urban convenience and suburban tranquility.

Covington is a hub for families, young professionals, and retirees alike, thanks to its diverse neighborhoods, each with its own distinct character. From the bustling streets of Mainstrasse Village, filled with quaint shops and delightful eateries, to the peaceful residential areas that boast tree-lined streets, there’s something for everyone.

One of the most appealing aspects of Covington is the availability of homes under $500,000. Whether you’re a first-time homebuyer or looking to downsize, you’ll find an array of options that fit your budget without compromising on quality. Charming bungalows, modern townhomes, and spacious single-family residences are just a few of the choices available. Many of these homes feature updated amenities, inviting outdoor spaces, and proximity to parks and schools, making them ideal for families.

Living in Covington means enjoying a vibrant community with easy access to the cultural and recreational offerings of the Greater Cincinnati area. With its friendly atmosphere, beautiful homes, and affordable real estate, Covington is truly a place where you can feel at home. Come explore the possibilities and discover your dream home in this delightful city!

Newest Covington Homes under $500,000

$455,000

2 Beds ⋅ 2 Baths ⋅ 647941 MLS

Welcome to 2280 Amici Dr -- a no-step ranch in Tuscany offering true no-maintenance living, and an upscale floor plan you can no longer build in the neighborhood. Inside, luxury vinyl plank runs throughout the entire home, and custom-painted accent walls give the open living spaces a finished, designer feel. The kitchen is equipped with a gas oven and range, granite countertops, and stainless steel appliances. Washer and dryer are included, making this home genuinely move-in ready. Outside, professional custom landscaping frames the home and the relaxing extended covered patio -- all the enjoyment of a private outdoor space with none of the upkeep. One-level living, premium finishes, and no maintenance! -- 2280 Amici won't wait. Schedule your private tour today!

2280 Amici Drive, Covington

$285,000

647939 MLS

Excellent value-add opportunity at 4012 Decoursey Avenue in Covington! This three-unit multifamily property offers immediate rental income, with two units currently rented for $1,520 and $925 per month. The third unit is vacant and in need of renovations, providing an opportunity to add value and increase future rental income. Conveniently located with easy access to local amenities, shopping, and major roadways, this property has plenty of potential for the savvy investor. Whether you're looking to expand your rental portfolio or take on your next renovation project, this is an opportunity worth exploring!

4012 Decoursey Avenue, Covington

$305,000

647938 MLS

Unlock the potential at 1923 Denver Street in Covington! This four-unit multifamily property offers a fantastic house-hacking opportunity for an owner-occupant looking to live in one unit while generating rental income, or an investor seeking to expand their portfolio. One unit is currently rented for $875 per month, while the remaining three are vacant and ready for your vision. With significant value-add potential, this property offers an opportunity to renovate, increase rental income, and build long-term equity. Conveniently located near local amenities, shopping, and major roadways, this is an exciting opportunity for investors and owner-occupants alike

1923 Denver Street, Covington

$175,000

647937 MLS

Discover the potential at 113 E. 30th Street in Covington! This property presents a great value-add opportunity for investors looking to build equity and grow their rental portfolio. One unit is currently rented for $900 per month on a HUD contract, providing immediate rental income with potential to increase returns. Conveniently located near local amenities, shopping, and major roadways, this property offers accessibility and investment potential. Whether you're an experienced investor or looking for your next real estate project, this is an opportunity worth exploring.

113 E 30th Street, Covington

$224,900

2 Beds ⋅ 2 Baths ⋅ 647935 MLS

Sleek, reimagined one-story living that offers flexibility and finesse! This two-bedroom, 2 full bath home offers so much at an affordable price point. Hard to find off street parking for 2 cars in the rear of the house as well as a charming side breezeway and stone arch. Enjoy easy maintenance with a newer roof, gutters, new AC unit, 2-year-old appliances and custom closets throughout. The kitchen features stainless steel appliances, granite countertops, subway tile backsplash and a large pantry. High ceilings with decorative acoustical tiles make this home distinctive above the rest! Enjoy an easy walkout to the side deck and rear parking pad from the living room. A full basement offers great storage and additional space for projects or a studio. You can enjoy a short walk to the Licking River Greenway Trail or a quick car ride to Latonia or Downtown Covington. This home is completely move in ready with all appliances and proves to be low maintenance for years to come. Check with The City of Covington for Down Payment Assistance programs that you may qualify for!

1911 Garrard Street, Covington

$345,100

3 Beds ⋅ 3 Baths ⋅ 647906 MLS

New construction by Fischer Homes in the beautiful Tuscany community, featuring the stunning Hudson design. This functional yet stylish design offers 3 bedrooms, 2 full baths, and 1 half bath. This design combines modern convenience with flexible living spaces. The open-concept layout with island kitchens and large pantry storage, creating inviting spaces perfect for both everyday living and entertaining. The owner's suite serves as a private retreat, featuring a spacious walk-in closet and private bath. This home blends practical design with customizable comfort for today's homeowners. The spacious 2-bay garage completes this exceptional home.

3990 Volterra Lane, Covington

$195,000

2 Beds ⋅ 1 Baths ⋅ 647893 MLS

Check out this charming 2-bedroom ranch with the beautiful, quiet scenery of Twin Oaks Golf Course at your back door! Sitting on a double lot, this home boasts an oversized driveway for off-street parking, a spacious backyard for enjoying the views, and not 1 but, 2 screened-in porches. With a modern interior, stainless steel appliances and butcher block counters- all you have to do is move in!

3808-10 Leslie Avenue, Covington

$279,000

3 Beds ⋅ 3 Baths ⋅ 647868 MLS

Welcome home to 9132 Clear Brook Lane! This beautifully updated 3-bedroom, 2.5-bath bi-level home offers the perfect blend of modern finishes, comfort, and convenience! The thoughtfully updated interior features a beautiful kitchen with white cabinetry, granite countertops, subway tile backsplash, and stainless steel appliances. The spacious lower level provides additional living space, perfect for a family room, home office, or entertaining. Step outside onto the rear deck overlooking the fenced backyard, offering plenty of room for outdoor activities, grilling, or relaxing. Complete with updated bathrooms, modern fixtures, and an attached garage, this home has so much to offer! Conveniently located just minutes from the heart of Taylor Mill and Independence, with easy access to shopping, dining, and everyday amenities. Schedule your private showing today!

9132 Clear Brook Lane, Covington

$185,000

2 Beds ⋅ 1 Baths ⋅ 647879 MLS

Charming 2-bedroom home is ready to move in. Brand new wood plank floors. newer HVAC, stainless steel appliances, granite countertops. Gas stove. Covered front porch back of house allows for useable outdoor space!

714 W Southern Avenue, Covington

$500,000

3 Beds ⋅ 3 Baths ⋅ 647873 MLS

Located in Covington's Mainstrasse corridor, this stunningly rehabbed home is ready for its next owner! Come tour this beautiful three bedroom (possible fourth on third floor) with three full baths. The home features gleaming hardwood floors and beautiful kitchens with updated baths. Features a large private rear yard, perfect for entertaining before walking over the bridge to the big game. Large front porch to enjoy the city living.. Walk to Cock & Bull or Zazou Restaurants,, or enjoy the shopping in the area, right outside your front door step. Currently, the home has TWO kitchens and could easily transform one into a wet bar area.

834-36 Bakewell Street, Covington

$347,500

3 Beds ⋅ 3 Baths ⋅ 647838 MLS

3983 Volterra Lane, Covington

$250,000

3 Beds ⋅ 2 Baths ⋅ 647830 MLS

OPEN SUN 11-1 pm Welcome home to this inviting 3-bedroom, 2-full-bath bi-level tucked away on a quiet cul-de-sac street! Cathedral ceilings create an open, airy feel, while newer flooring and carpet add warmth throughout. Enjoy peace of mind with a new HVAC system and step outside to a brand-new deck, perfect for relaxing, grilling, or entertaining. The fenced backyard features a tree-lined backdrop, offering a sense of privacy and a peaceful setting to unwind, plus a convenient storage shed for all your extras. Enjoy the best of both worlds with a tucked-away neighborhood feel, yet just minutes from shopping, dining, and I-275. Eligible for the NKY Home Consortium $15,000 Grant!

2486 Evergreen Drive, Covington

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Covington Homes under $500,000

Newest Covington Homes under $500,000

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