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Ft Wright, KY 41011 Real Estate Market Report

ZIP Code: 41011
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
80
Active Listings
28
Sold Properties
52

Market Metrics

Median Listing Price
$294,900
Median Sold Price
$289,450
Median Price per Sqft
$185/sqft

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,395

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
0.77%

Liquidity & Velocity

Median Days on Market
285
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
down
Market Temperature
neutral
Interest Rate Pressure
elevated

Key Findings

  1. median sold price 289,450 is the primary indicator of recent market value and suggests recent transactions are concluding below asking expectations; the median listing price 294,900 creates a modest gap that may indicate seller pricing pressure relative to completed sales.

  2. The market shows a year-over-year price direction of down, and combined with a long median days on market 285, this points to slower sales velocity despite the sample indicating relatively constrained active supply.

  3. Market balance reads as market temperature neutral, implying neither heavy buyer nor seller advantage; expect negotiation to remain necessary and pricing friction to persist as buyers respond to actual sold prices.

  4. Interest rate dynamics are meaningful: interest rate pressure elevated is a headwind that constrains affordability and likely contributes to the observed price softness and extended days on market.


Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

322 E 3rd St, Covington, KY 41011
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds
3 baths
4,206 sqft
$1,430,000
Feb 1, 2026
$340/sqft/sqft
456 Glengarry Way, Ft Wright, KY 41011
Premium

Sold above market average

4 beds
2 baths
3,329 sqft
$750,000
Apr 1, 2026
$225/sqft/sqft
69 days on market
901 Lewis St, Covington, KY 41011
Premium

Sold above market average

2 beds
1 baths
1,584 sqft
$700,000
Mar 1, 2026
$442/sqft/sqft
2239 Wideview Dr, Covington, KY 41011
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
975 sqft
$250,000
Mar 1, 2026
$256/sqft/sqft
2183 days on market
507 Knob Hill Ct, Ft Wright, KY 41011
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

5 beds
4 baths
2,914 sqft
$249,000
Mar 1, 2026
$85/sqft/sqft
1718 Woodburn Ave, Covington, KY 41011
Value

Sold below market average

3 beds
1 baths
1,680 sqft
$244,000
Apr 1, 2026
$145/sqft/sqft
512 days on market
1319 Highway Ave, Covington, KY 41011
Value

Sold below market average

3 beds
1 baths
1,302 sqft
$100,000
Mar 1, 2026
$77/sqft/sqft
657 Pike St, Covington, KY 41011
Value

Sold below market average

3 beds
1 baths
1,692 sqft
$87,500
Feb 1, 2026
$52/sqft/sqft

Ft Wright, KY 41011 Real Estate Market Report

ZIP Code: 41011
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
52
Active Listings
0
Sold Properties
52

Market Metrics

Median Listing Price
$0
Median Sold Price
$305,500
Median Price per Sqft
$214/sqft

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,500

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
0.78%

Liquidity & Velocity

Median Days on Market
435
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
down
Market Temperature
neutral
Interest Rate Pressure
elevated

Key Findings

  1. The primary indicator of market value, median sold price, is 305,500, and this aligns with a down price year-over-year trend—pointing to recent transaction-level softening rather than listing-side noise.

  2. The neighborhood exhibits a long median days on market of 435, which suggests slower sales velocity and potential pricing friction that may extend negotiation timelines.

  3. Valuation context shows a median price per square foot of 214 alongside a median market rent of 1,500, providing a transaction-level snapshot for pricing discussions; note that rent year-over-year trend is unavailable, so rental momentum cannot be assessed from the provided metrics.

  4. Market temperature is reported as neutral while interest rate pressure is elevated, which together suggest balanced sales conditions but constrained affordability pressure for buyers; these observations are based on a sample of analyzed sales (52), so interpret liquidity signals with that sample scope in mind.


Notable Properties

The following 6 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

215 Fort Mitchell Ave Apt 4, Ft Mitchell, KY 41011
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds
2 baths
1,251 sqft
$292,400
Feb 1, 2026
$234/sqft/sqft
405 days on market
500 Garrard St Apt 2, Covington, KY 41011
Market Benchmark

Sold at market average

2 beds
2 baths
1,205 sqft
$250,000
Mar 1, 2026
$207/sqft/sqft
1044 days on market
500 Garrard St Apt 2, Covington, KY 41011
Market Benchmark

Sold at market average

2 beds
2 baths
1,205 sqft
$250,000
Mar 1, 2026
$207/sqft/sqft
1044 days on market
576-308 Cloverfield Ln, Ft Wright, KY 41011
Value

Sold below market average

2 beds
2 baths
1,396 sqft
$195,500
Feb 1, 2026
$140/sqft/sqft
568-201 Cloverfield Ln, Ft Wright, KY 41011
Value

Sold below market average

2 beds
2 baths
1,170 sqft
$186,400
Mar 1, 2026
$159/sqft/sqft
535-304 Cloverfield Ln, Ft Wright, KY 41011
Value

Sold below market average

2 beds
2 baths
1,230 sqft
$182,000
Feb 1, 2026
$148/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$339/mo
41011 Avg Rent
41011 Cost to Own
Rent$1,395
Own$1,734

20% down, 6.5% rate, 0.8% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

41011 Avg nightly rate
41011 Avg occupancy (days/year)
Nightly rate$163/night
Occupancy152 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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