Peninsula, OH
Population 601 · Ohio
About Peninsula, OH
Peninsula is a small community located in Ohio with a population of 601 residents according to the latest US Census Bureau American Community Survey data. The median household income is $125,417 per year, which is 67% above the national median of $75,149. The median age of 51.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Peninsula features a median home value of $421,300, which is 72% above the national median of $244,900. This places Peninsula in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,297, 12% above the national average of $1,163/month. Of the 284 total housing units, 84% are owner-occupied (217 units) and 16% are renter-occupied (41 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Peninsula shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Peninsula have an average one-way commute time of 21.9 minutes.
Education & Demographics
56.5% of Peninsula residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 2.0% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Peninsula, OH
Compared to national averages, Peninsula has a median household income of $125,417 (67% above the national median of $75,149). Home values average $421,300, which is 72% above the national median. Monthly rent at $1,297 is 12% above the US average of $1,163. Within Ohio, Peninsula's income is 75% above the state average of $71,814, and home values are 142% above the state median of $174,449.
Why Live in Peninsula, OH?
Peninsula offers a strong local economy with a median household income of $125,417, well above the national average, and a well-educated community where 56.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.7%, better than the national average. Additionally, the city features short commute times averaging just 21.9 minutes.
Potential considerations include a competitive housing market where the typical home costs $421,300. However, Peninsula’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Peninsula has a population of 601 with a median age of 51.9 years. Compare Peninsula with other cities to see how it stacks up, or explore all cities in Ohio.
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Demographics
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Economy & Education
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Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Peninsula
What is the population of Peninsula, OH?
The population of Peninsula, OH is 601 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.
What is the median household income in Peninsula?
The median household income in Peninsula, OH is $125,417 per year, which is 67% above the national median of $75,149.
What is the median home value in Peninsula?
The median home value in Peninsula, OH is $421,300, which is 72% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Peninsula?
The median monthly rent in Peninsula, OH is $1,297, which is 12% above the national average of $1,163/month.
What is the unemployment rate in Peninsula?
The unemployment rate in Peninsula, OH is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Peninsula, OH a good place to live?
Peninsula offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 601 and a median age of 51.9, the city appeals to established professionals and retirees.
How educated is Peninsula, OH?
56.5% of residents in Peninsula aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Peninsula?
Key cost-of-living indicators for Peninsula, OH: median home value is $421,300 (72% above national), median rent is $1,297/month, and median household income is $125,417. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Peninsula?
The poverty rate in Peninsula, OH is 6.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Peninsula, OH?
Peninsula's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 2.0% Asian, and 0.3% two or more races. 1.7% of residents are foreign-born.