Terrace Park, OH
Population 2,282 · Ohio
About Terrace Park, OH
Terrace Park is a small community in Ohio with a population of 2,282 residents. The median household income is $206,705 per year, which is above the national average. The median age in Terrace Park is 38.8 years.
Housing in Terrace Park has a median home value of $581,000 and median monthly rent of $3,188. Of the 773 total housing units, the majority are owner-occupied, with 714 owner-occupied and 25 renter-occupied units.
The unemployment rate in Terrace Park is 3.6% and the poverty rate is 2.1%. 85.8% of residents hold a bachelor's degree or higher. The average commute time is 26.6 minutes.
How Terrace Park Ranks in Ohio
Cost of Living in Terrace Park, OH
Compared to national averages, Terrace Park has a median household income of $206,705 (175% above the national median of $75,149). Home values average $581,000, which is 137% above the national median. Monthly rent at $3,188 is 174% above the US average of $1,163. Within Ohio, Terrace Park's income is 188% above the state average of $71,814, and home values are 233% above the state median of $174,449.
Why Live in Terrace Park, OH?
Terrace Park offers a strong local economy with a median household income of $206,705, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 85.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $581,000. However, Terrace Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Terrace Park has a population of 2,282 with a median age of 38.8 years. Compare Terrace Park with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Terrace Park
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crooksville | 2,284 | $45,313 | $94,800 | Compare |
| New Miami | 2,280 | $50,259 | $93,000 | Compare |
| Masury | 2,292 | $38,728 | $75,100 | Compare |
| Richwood | 2,303 | $52,422 | $161,500 | Compare |
| Creston | 2,246 | $62,950 | $155,300 | Compare |
| Jamestown | 2,241 | $59,028 | $142,300 | Compare |
| St. Paris | 2,237 | $56,741 | $143,000 | Compare |
| Byesville | 2,220 | $35,959 | $93,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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 Terrace Park
What is the population of Terrace Park, OH?
The population of Terrace Park, OH is 2,282 according to the latest Census data.
What is the median household income in Terrace Park?
The median household income in Terrace Park, OH is $206,705 per year.
What is the median home value in Terrace Park?
The median home value in Terrace Park, OH is $581,000.
What is the average rent in Terrace Park?
The median monthly rent in Terrace Park, OH is $3,188.
What is the unemployment rate in Terrace Park?
The unemployment rate in Terrace Park, OH is 3.6%.