Airbnb Market Analytics, Statistics and Data in Covington, Kentucky, United States
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Covington? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Covington:
How much do Airbnb hosts make on average per month in Covington?
The short-term rental market in Covington shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $2,192 per month
- Strong performing properties (top 25%) make $3,589 or more
- Best-in-class properties (top 10%) achieve $5,756+ monthly
- Entry-level properties (bottom 25%) typically earn around $1,393
Revenue Variations by Month
Occupancy Rates Throughout the Year in Covington
The market in Covington shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 48% occupancy rates
- Strong performing properties (top 25%) achieve 63% or higher
- Best-in-class properties (top 10%) reach 79%+occupancy
- Entry-level properties (bottom 25%) average around 31%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Covington
Daily rates in Covington vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $124 per night
- Strong performing properties (top 25%) secure $184 or more
- Best-in-class properties (top 10%) pull in $319+ per night
- Entry-level properties (bottom 25%) earn around $90
Daily Rate Variations by Month
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Seasonality patterns in Covington
Peak Season (June, July, May)
- Revenue peaks at $3816.17 per month
- Occupancy rates reach 57.84%
- Daily rates average $194.19
Shoulder Season
- Revenue averages $2941.70 per month
- Occupancy maintains 48.10%
- Daily rates hold at $170.15
Low Season (November, February, January)
- Revenue drops to $2039.94 per month
- Occupancy decreases to 37.36%
- Daily rates adjust to $150.75
Is it still profitable to do Airbnb in Covington in 2025?
Yes! Covington demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 48% and strong monthly revenue averaging $2942 and With 202 active listings, the market shows established demand while maintaining room for growth. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Covington
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Mainstrasse Village | Charming district with cobblestone streets, eclectic shops, and vibrant German heritage. Attracts visitors looking for unique dining experiences and cultural events. | Goebel Park, German Heritage Museum, Mainstrasse Beerfest, Haus der Bauern, Annual Maifest |
| Devou Park | Expansive park with stunning views of Cincinnati and nature trails. Ideal for guests seeking outdoor activities and scenic picnic spots. | Devou Park Golf Course, Cincinnati Nature Center, Sculpture Experience, Devou Park Overlook, Walking Trails |
| Historic Downtown Covington | Rich in history with preserved architecture and a mix of trendy bars and restaurants. Great for tourists wanting to explore local culture and nightlife. | Roebling Suspension Bridge, Covington History Museum, Brewery District, Florence Freedom Baseball, Art Galleries |
| Covington Waterfront | Picturesque riverfront area perfect for scenic walks and views of the Ohio River. Popular with visitors who love outdoor activities and relaxing by the water. | Licking Riverside Historic District, Riverfront Park, Covington and Cincinnati Suspension Bridge, Parks at the Riverfront, Local Food Trucks |
| Thomas More College Area | Calm neighborhood surrounding the college, ideal for stays during academic events or family visits. Attracts parents and visitors of students. | Thomas More University, Older Historic Homes, Local Parks, Community Events, Library |
| Latonia | Family-friendly neighborhood with affordable accommodations and proximity to local amenities. Great for families looking for a home base to explore the region. | Latonia Plaza, Local Restaurants, Parks, Close to Shopping Areas, Easy Access to Interstates |
| South Covington | Residential area with access to main highways and local attractions. Suitable for guests needing convenience and easy travel options. | Shopping Centers, Local Diners, Parks Nearby, Public Transport Access, Community Events |
| Devou Park Area | Rich in recreational activities and spanning across vast green spaces, popular with nature lovers and hikers. | Hiking Trails, Picnic Areas, Playgrounds, Golf Course, Cultural Events |
Do you need a license for Airbnb in Covington?
We recommend checking directly with Covington's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (0% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Covington
The Wright House| 5 Min to DT| 11 Beds| Sleeps 22
Entire Place • 6 bedrooms
1905 Queen Ann Historic Mansion
Entire Place • 8 bedrooms
Two Luxury Condos - Close to Cincy
Entire Place • 4 bedrooms
Riverfront Oasis: 5 Mins to DT/Stadiums City Views
Entire Place • 5 bedrooms
Pickle Factory Eight Unforgettable Rooms Sleeps 16
Entire Place • 8 bedrooms
Home for the Holidays. Celebrity themed rooms.
Entire Place • 6 bedrooms
Top Performing Professional Hosts in Covington
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Jeremiah | 24 | $932,246 | 2597 | 4.84/5.0 |
| Grand Welcome Ohio Kentucky | 21 | $540,608 | 591 | 4.53/5.0 |
| Cody | 3 | $313,234 | 183 | 4.98/5.0 |
| Alex | 3 | $233,962 | 232 | 4.99/5.0 |
| J | 5 | $195,823 | 143 | 4.93/5.0 |
| Roam Harvest Share | 1 | $131,102 | 117 | 4.81/5.0 |
| Kelsey | 3 | $104,003 | 318 | 4.77/5.0 |
| Z Properties | 2 | $96,804 | 41 | 4.86/5.0 |
| Amy | 1 | $93,376 | 105 | 4.98/5.0 |
| John | 2 | $91,648 | 47 | 2.50/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Covington
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (95%), with apartment & condo and house properties comprising 97.0% of inventory
- Untapped potential in boutique & hotels, others segments (3.0% combined)
Room Capacity Distribution
Analysis of 202 properties in Covington shows that 1 bedroom properties are most prevalent, making up 34.2% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 62.9% of all listings.
Key Insights
- Most common: 1 bedroom (34.2%)
- Least common: 4 bedrooms (5%)
- Market concentration: 62.9% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 202 properties in Covington reveals that 8+ guests properties dominate the market, representing 29.2% of all listings. The average property accommodates 4.8 guests, with a clear trend towards larger guest capacities. Properties accommodating 8+ guests and 4 guests make up 51.0% of the market.
Key Insights
- Most common capacity: 8+ guests (29.2% of market)
- Least common capacity: 7 guests (2% of market)
- Average guest capacity: 4.8 guests per property
- Market concentration: 51.0% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 202 properties in Covington, the most common availability pattern is 181-270 days (37.1% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (36.1% of properties).
Key Insights
- Most common availability window: 181-270 days (37.1%)
- Most common booking duration: 91-180 days (36.1%)
- Properties with high availability (180+ days): 63.9%
- Properties with long-term bookings (180+ days): 38.6%
Minimum Stay Distributions
1 Night
77 listings
40.5% of total
2 Nights
63 listings
33.2% of total
3 Nights
8 listings
4.2% of total
4-6 Nights
4 listings
2.1% of total
7-29 Nights
10 listings
5.3% of total
30+ Nights
28 listings
14.7% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 73.7%
- Mid-length stays (4-6 nights) represent 2.1% of listings
- Monthly+ stays (14.7%) suggest a stable extended-stay market
- High market flexibility with 77.9% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 60 Days
1 listings
0.5% of total
Super Strict 30 Days
1 listings
0.5% of total
Flexible
25 listings
13.4% of total
Moderate
45 listings
24.1% of total
Firm
28 listings
15% of total
Strict
87 listings
46.5% of total
Key Insights
- Strict is the preferred policy at 46.5% of listings
- Stricter policies (Firm & Strict) dominate at 61.5% of the market
- Strong market consensus around Strict policies
- Super Strict 30 Days policies are least common at 0.5% of listings
Recommendations
- The market supports stricter policies, with 61.5% using Firm or Strict terms
- Strong market preference for Strict policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Jun, May, averaging 53 days
- Shortest booking windows are in Mar, Dec, Jan, averaging 32 days
- Summer shows the longest average booking window at 53 days, while Winter has the shortest at 32 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 53 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Jan when lead times are shortest
Popular Airbnb Amenities in Covington
Every property in Covington comes standard with TV. Below shows the distribution of other amenities:
Traveler Demographics
Key Insights
- Domestic travelers make up 96.3% of total guests, indicating a dominant local market share.
- Primary international markets: Canada (1.2%) and United Kingdom (0.4%)
- English is the top language at 86.4%, followed by Spanish (9%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.4%
Recommendations
- Target marketing campaigns for Cincinnati and Columbus markets
- Develop localized content for Canada and United Kingdom
- Prioritize English and Spanish language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Covington. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Crittenden | 12 | $4,755 | $250.21 | 58% |
| Simpsonville | 19 | $4,292 | $314.98 | 46% |
| Oxford | 119 | $4,170 | $507.20 | 39% |
| Lebanon | 29 | $4,169 | $241.42 | 50% |
| Burlington | 20 | $3,964 | $210.50 | 53% |
| Deerfield Township | 29 | $3,917 | $267.30 | 42% |
| Lawrenceburg | 53 | $3,848 | $245.52 | 48% |
| Oxford Township | 19 | $3,843 | $321.05 | 42% |
| Shelbyville | 70 | $3,765 | $329.54 | 43% |
| Prospect | 16 | $3,620 | $707.77 | 50% |
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