Rentals Near CVG: Florence Locations Investors Track

If you want steady rental demand in Northern Kentucky, start where planes, packages, and paychecks converge. CVG’s cargo growth and year-round operations make nearby Florence a reliable home base for renters who work in logistics, aviation, healthcare, retail, and services. In this guide, you’ll see the Florence micro-locations investors track near CVG, typical rent and vacancy signals, and the underwriting details that matter before you buy. Let’s dive in.

Why CVG fuels Florence rentals

CVG is a regional economic engine, with an estimated annual impact of about $9.3 billion. Recent passenger and cargo gains continue to support jobs and housing demand across Northern Kentucky, including Florence. You can see this in employer activity and campus investments around the airport. CVG’s latest impact update outlines the scale.

Major operators keep investing near CVG. Amazon’s regional air campus is widely cited as a key driver of cargo growth and job creation in Northern Kentucky. Local coverage highlights how the Amazon hub anchors the logistics footprint here. Read more about Amazon’s investment timeline. DHL also began building a large maintenance facility and apron expansion at its CVG Global Hub, with new roles tied to the project and operations rolling into 2025 and 2026. DHL’s hub expansion supports both short-term and long-term workforce housing demand.

Commute and access: where tenants want to live

Florence city center sits about 7 miles from CVG, typically a 15-minute drive depending on traffic. That short commute is a practical selling point for renters tied to airport and logistics schedules. Check the Florence-to-CVG drive distance.

I‑71/75 corridor and Turfway/Florence Mall

Renters value quick freeway access and nearby services. Properties near I‑71/75 and the Turfway, Florence Mall, and Meijer nodes offer fast CVG access with dense retail and hotel corridors that support employment and convenience.

KY‑18, US‑25/42/127, Meijer/Hilton corridors

These commercial frontages concentrate shopping, services, and multifamily communities. Single-family rentals and smaller buildings here benefit from transit options and quick runs to the airport campus.

I‑275 and Cincinnati connectivity

Florence links easily to I‑275, which opens access to Cincinnati jobs and amenities. That reach can widen your tenant pool to commuters priced out of other metro submarkets who still want CVG proximity.

What Florence rents and vacancy look like

Market trackers generally show average or median asking rents in Florence in the mid $1,500s range in 2024 and 2025, with some sources noting figures up to the mid $1,600s depending on month and unit mix. Always pull up-to-date comps by bedroom count before you underwrite.

Vacancy indicators suggest tighter supply in parts of Boone County and Florence, with some ZIP-level figures in the low single digits. This supports the case for workforce rentals near CVG. For a quick data point, review ZIP summaries, then confirm with your property manager and MLS. See 41042 ZIP context.

Property types investors track

• Northern Florence near I‑71/75: condo and apartment communities, plus SFR options with fast freeway access and services.
• Suburban subdivisions: larger single-family homes and townhomes that appeal to family renters and higher-income professionals.
• Florence Mall and Meijer Drive area: small multifamily, SFR, and townhomes positioned for convenience and transit.
• More affordable pockets: select neighborhoods noted in rent reports can support lower-rent workforce demand.

Who your renters are near CVG

• Airport and logistics staff: Amazon Air, DHL, and support services drive steady shift-based housing needs. Local coverage of Amazon’s hub underscores the long-term role it plays.
• Healthcare, retail, and service employees: Florence’s commercial base adds stable local demand.
• Cincinnati commuters: Florence’s location can attract renters seeking value and access to I‑275 and downtown.
• Corporate and extended-stay travelers: short-term or furnished options near retail and freeways can capture rotating crews.

Underwriting tips for Florence deals

• Validate rent comps by unit type: pull current asking rents and pair with recent leased comps. Update quarterly.
• Build conservative vacancy and turnover: logistics hiring cycles can shape leasing cadence, so leave cushion in your pro forma.
• Budget realistic CapEx: older SFR often need mechanical, roof, driveway, and code updates to maximize rent.
• Plan for professional management: shift-based tenants and higher turnover increase the value of consistent systems and communication.
• Context on cap rates: Cincinnati-metro stabilized multifamily often trades in the mid-single digits, with smaller or value-add assets higher. Use fresh local comps. See regional cap-rate context.
• Financing: local banks active in Northern Kentucky can offer competitive terms for SFR, small multifamily, or portfolio loans. Shop lenders familiar with the metro.

Taxes, rules, and permitting

• Landlord-tenant law: Kentucky’s statutes outline security deposit rules, notice timelines, and remedies. Review the relevant KRS sections and consult a local attorney for lease language and eviction procedures. Start with the Uniform Residential Landlord and Tenant Act section overview here: KRS landlord-tenant code reference.
• Property taxes: Florence city and Boone County rates change periodically. Include sensitivity to reassessments and council actions in your pro forma, and verify current millage with the City of Florence and the Boone County PVA. Recent local reporting summarizes tax-rate deliberations. See regional tax coverage.
• Permitting and registrations: confirm occupancy rules, any rental registration or inspection requirements, and local short-term rental policies before you buy.

Trends to watch

• Airport campus growth: keep an eye on CVG announcements and major employer press releases for hiring and construction updates that can boost demand. DHL’s facility build is a current example.
• New supply and rent trajectory: apartment deliveries in the Cincinnati MSA can moderate rent growth in some pockets. For SFR, resale inventory is the bigger lever.
• Assessment updates: track local equalization actions and county reassessments to avoid surprises in your tax line item. Local tax briefings can flag changes to review with the PVA.

Florence investing checklist near CVG

• Target 15-minute commute zones along I‑71/75, KY‑18, and the Mall/Meijer corridors.
• Underwrite with conservative vacancy and turnover to reflect hiring cycles.
• Favor parking, in-unit laundry, and shift-friendly access features.
• Model tax sensitivity and verify current millage with city and PVA sources.
• Get quotes from local lenders who know Northern Kentucky.
• Confirm rental registration, STR rules, and occupancy limits before closing.

Ready to focus your search on Florence’s high-demand rental pockets near CVG? Lean on local guidance from a team that knows the streets, pricing, and contracts inside and out. Connect with Lorms Home Team to align your strategy, validate comps, and move from analysis to acquisition with confidence.

FAQs

What parts of Florence rent fastest near CVG?

• Areas close to I‑71/75 and the Turfway, Florence Mall, and Meijer corridors often see steady demand thanks to quick airport access and nearby services; validate with current MLS and property manager data.

How much rent should I underwrite for a typical Florence unit?

• Recent trackers place average asking rents in the mid $1,500s, sometimes higher depending on month and unit mix; always pull fresh comps by bedroom and condition.

How far is Florence from CVG and why does it matter for rentals?

• The roughly 7-mile, about 15-minute drive makes Florence practical for shift-based airport and logistics staff, which supports consistent renter demand.

Are airport-linked rentals seasonal in Florence?

• Cargo and airport operations run year-round, though hiring pulses can affect near-term leasing cadence; monitor employer announcements for signals.

What legal or tax checks should I complete before buying a Florence rental?

• Review Kentucky landlord-tenant statutes, verify current Florence and Boone County tax rates with official sources, and confirm any local rental registration or STR rules with the municipality.