Terrace Park, OH 45174 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Terrace Park, OH—45174

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$730,000

3.4% YoY Growth

Household Income

$206,000

25.5% YoY Growth

Days on Market

96.0% Shorter YoY

Home Price Forecast

2.3%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Terrace Park, OH

As of Dec '25, the median home price in Terrace Park, OH is $730,000, with a year-over-year change of 3.4%. This indicates that home prices in Terrace Park, OH are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$730,000	3.4%
Single Family	$731,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Terrace Park, OH

Terrace Park, OH lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

24.2%

3 Bedrooms

33.3%

4 Bedrooms

42.4%

Property Listings — Terrace Park, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Terrace Park, OH is 3. This is a decrease of -82.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$799,000	-27.0%
Listing Count	1	-33.0%
Listings as % of Homes	N/A	-33.0%
Days on Market	4	-96.0%

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Demographics — Terrace Park, OH

As of the latest ACS Survey released in 2023, Terrace Park, OH has a population of 2,290, which has decreased by -2.4% over the past 5 years. Terrace Park, OH is a popular place for families, as children make up 36.3% of the population. The area has a highly educated workforce, with 85.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,290	-2.4%
% Under 18	36.3%	7.4%
% Seniors	11.8%	24.2%
% WFH	30.1%	176.1%
% w/ College Degree	85.8%	3.1%

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As of the latest ACS Survey released in 2023, Terrace Park, OH is a predominantly white area, with 89.8% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Terrace Park, OH is hispanic, making up 5.4% of the population. Foreign-born residents account for 2.4% of the population in Terrace Park, OH, and this percentage has decreased by 54.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	89.8%	-6.3%
% Black	0.0%	-100.0%
% Hispanic	5.4%	86.2%
% Asian	0.4%	-33.3%
% Foreign Born	2.4%	-54.7%

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Mortgage and Risk — Terrace Park, OH

According to HUD data as of 2023, there were 46 mortgage originations in Terrace Park, OH, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Terrace Park, OH. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	46
% Conventional Loans	100.0%
% Government Loans	0.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Terrace Park, OH

Terrace Park, OH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,490
2 Bedroom	N/A	N/A	$1,930
3 Bedroom	N/A	N/A	$2,560
4 Bedroom	N/A	N/A	$2,830

Terrace Park, OH—45174

Key Metrics at a Glance

Home Price Trends — Terrace Park, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Terrace Park, OH

% of Rental Stock

Property Listings — Terrace Park, OH

Demographics — Terrace Park, OH

Race and Ethnicity

Mortgage and Risk — Terrace Park, OH

Mortgages

Rentals and Section 8 — Terrace Park, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Terrace Park, OH

Home Price to Income Ratio

Terrace Park, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Madeira, OH

Anderson Township, Dry Run, OH

Camp Dennison, OH

Madisonville, Cincinnati, OH

Milford, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$730,000
Median Household Income	$206,000

Terrace Park, OH—45174

Key Metrics at a Glance

Home Price Trends — Terrace Park, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Terrace Park, OH

% of Rental Stock

Property Listings — Terrace Park, OH

Demographics — Terrace Park, OH

Race and Ethnicity

Mortgage and Risk — Terrace Park, OH

Mortgages

Rentals and Section 8 — Terrace Park, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Terrace Park, OH

Home Price to Income Ratio

Terrace Park, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Madeira, OH

Anderson Township, Dry Run, OH

Camp Dennison, OH

Madisonville, Cincinnati, OH

Milford, OH

Frequently Asked Questions

What is the average home price in Terrace Park, OH 45174?

How have home prices in Terrace Park, OH 45174 changed over the past year?

What is the home price projection for Terrace Park, OH 45174?

What are the demographics of Terrace Park, OH 45174?

How long does it take homes to sell in Terrace Park, OH 45174?

What is the average rent price in Terrace Park, OH 45174?