The story of this market
The typical home in ZIP 45318 sells for about $246,000, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $838 a month.
ZIP 45318 — Covington
The 45318 housing market remains steady, characterized by moderate price appreciation and a low-inventory environment typical of rural-adjacent communities. While affordability is higher than the national average, the market is sensitive to local economic shifts and limited new construction activity. Buyers are finding a stable, albeit slow-moving, market that favors long-term residential stability over speculative investment.
This ZIP is best suited for families and long-term residents seeking a quiet, small-town environment with affordable housing options and a slower pace of life compared to the Dayton urban core.
Median prices moved up 2.1% year over year.
Homes spend a median of 38 days on market with 3.8 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 3.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 45318, Miami County OH
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Covington Exempted Village School District, which generally maintains a stable reputation within the local Miami County educational landscape.
The region is subject to standard Midwestern weather patterns, including occasional severe thunderstorms and wind events; flood risk is localized to specific low-lying areas near the Stillwater River.
Economic momentum is driven by proximity to the broader Dayton industrial and logistics corridor, though the immediate ZIP remains largely rural and residential in character.
Property taxes are assessed by Miami County based on local millage rates that fund school districts, county services, and township operations; exemptions are available for owner-occupied primary residences.
Commuters primarily utilize State Route 48 to access employment hubs in Piqua, Troy, and the northern Dayton metropolitan area.
Local amenities include the Covington Community Park and proximity to the Stillwater River for outdoor recreation, with additional shopping and dining options located in nearby Troy.
The rental market is characterized by limited inventory and steady demand from local workers, with a focus on single-family home rentals rather than large multi-family complexes.
The local economy is supported by a mix of agricultural, manufacturing, and small-business sectors, with many residents commuting to larger employers in the Miami Valley region.
Transportation is primarily automobile-dependent, with State Route 48 serving as the main arterial connection to regional highway networks.
Development is currently focused on modest residential infill and maintenance of existing infrastructure rather than large-scale commercial expansion.
Parcels are subject to Miami County property tax levies and the Covington Exempted Village School District tax base.
Property insurance premiums are generally stable, though coverage for wind and hail damage remains a standard consideration for homeowners in the region.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Troy Aquatic Park4.310 mi
- Eldora Speedway4.819.7 mi
- Hobart Arena4.59.9 mi
- Darke County Fairgrounds4.514.6 mi
- Miami County Fairgrounds4.39.2 mi
- Crooked Handle Brewing Co. Piqua4.56.9 mi
- Duke Park4.69.4 mi
- Brukner Nature Center4.77.6 mi
- Cinemark Miami Valley4.37.9 mi
- Stillwater Prairie Reserve4.72.9 mi
- Versailles Winery4.712.8 mi
- Aullwood Audubon Center4.817.8 mi
- Indian Creek Distillery4.818.5 mi
- Bear's Mill4.89.4 mi
- Garst Museum4.814.4 mi
- Troy-Hayner Cultural Center4.810 mi
- Duke Park4.69.4 mi
- Brukner Nature Center4.77.6 mi
- Lost Creek Reserve & Knoop Agricultural Heritage Center4.612.7 mi
- Stillwater Prairie Reserve4.72.9 mi
- Troy City Park4.69.8 mi
- Echo Hills Golf Club4.25.6 mi
- Homestead Golf Course4.412.8 mi
- Stillwater Valley Golf Club4.36.7 mi
- Miami Shores Golf Course4.410.7 mi
- Turtle Creek Golf Course410.4 mi
- Meijer4.37.9 mi
- Kohl's4.18 mi
- Haren's Market4.610.3 mi
- Erwin Chrysler Dodge Jeep Ram4.612.2 mi
- Dollar General4.110.3 mi
- Dayton International Airport4.416.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and recreational facilities for residents.
Offers fishing and scenic views along the eastern edge of the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.