Living in Terrace Park, Ohio
Cost of living, income, home prices, rent and demographics of Terrace Park · Census data 2020–2024
Terrace Park has 2,295 residents with a median age of 38.2. The median household income is $197,750 (177% higher than the Ohio median), the median home value is $606,600, the median rent is $3,200/month.
Terrace Park at a glance
- Population
- 2,295
- Median age
- 38.2State: 39.7
- Median household income
- $197,750State: $71,389
- Median home value
- $606,600State: $214,800
- Median rent
- $3,200/moState: $1,034
- Homeowners
- 97%
- Bachelor's degree or higher
- 85.6%
- Average commute
- 25 min
Is Terrace Park a good place to live?
Pros: Median household income 177% higher than the Ohio median; unemployment of 3.9%; a poverty rate of 2.1%.
Cons: Home values 182% higher than the state median; an average commute of 25 minutes.
The weather is best in May–June and August–September.
Cost of living in Terrace Park
Housing is the biggest part of the cost of living. In Terrace Park the median home value is $606,600, 82% higher than the U.S. median. Renters pay a median of $3,200 per month, which is 9% of household income. Homeowners with a mortgage pay $3,685 a month in housing costs.
Terrace Park median household income
The median household income in Terrace Park is $197,750 and the income per person is $87,831. 2.1% of residents live below the poverty line (Ohio: 13.3%).
Housing in Terrace Park: homes for sale and rent
- Housing units
- 762
- Owner-occupied
- 97%
- Renter-occupied
- 3%
- Vacant
- 3.1%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 3.11
Terrace Park demographics
- Population
- 2,295
- Median age
- 38.2
- Under 18
- 37.2%
- 65 and older
- 12.7%
- Households
- 738
- Foreign-born
- 2%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Terrace Park ›
Education in Terrace Park
85.6% of adults 25 and older in Terrace Park have a bachelor's degree or higher (Ohio: 31.5%), and 33.8% have a graduate or professional degree.
Jobs and commute in Terrace Park
- Unemployment rate
- 3.9%State: 4.8%
- Average commute
- 25 minState: 23 min
- Work from home
- 33.9%
- Drive alone
- 61.2%
- Public transit
- 1.1%
- Walk to work
- 0%
- Homes with broadband
- 99.7%
Terrace Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Terrace Park | 2,295 | $197,750 | $606,600 | $3,200 |
| Milford | 6,497 | $78,057 | $238,700 | $940 |
| The Village of Indian Hill | 6,052 | $234,821 | $1,192,800 | $2,684 |
| Plainville | 100 | $65,875 | $483,300 | — |
| Camp Dennison | 265 | $100,893 | $235,000 | $1,750 |
| Newtown | 2,685 | $99,434 | $401,400 | $1,630 |
| Summerside | 4,662 | $71,241 | $210,200 | $1,177 |
| Mariemont | 3,474 | $152,273 | $607,600 | $1,487 |
| Madeira | 9,484 | $167,653 | $484,200 | $1,777 |
More for people moving to Terrace Park
Terrace Park ZIP code ›Weather and climate ›Living in Terrace Park: FAQ
What is the median household income in Terrace Park, OH?
The median household income in Terrace Park is $197,750, 177% higher than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Terrace Park?
The median home value in Terrace Park is $606,600, compared with $214,800 in Ohio.
How much is rent in Terrace Park?
The median gross rent in Terrace Park is $3,200 per month, about 9% of household income.
Is Terrace Park, OH a good place to live?
Pluses: median household income 177% higher than the Ohio median; unemployment of 3.9%; a poverty rate of 2.1%. Minuses: home values 182% higher than the state median; an average commute of 25 minutes.
What is the median age in Terrace Park?
The median age in Terrace Park is 38.2 years (Ohio: 39.7).
How long is the commute in Terrace Park?
The average commute to work in Terrace Park is 25 minutes; 33.9% of workers work from home.
What is the unemployment rate in Terrace Park?
The unemployment rate in Terrace Park is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Terrace Park?
85.6% of adults in Terrace Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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