Everything You Should Know Before Moving to Terrace Park, OH
Considering a move to Terrace Park, OH? This charming village of 2,360 residents offers a peaceful, family-friendly atmosphere with top-rated schools (81% holding bachelor’s or higher degrees) and very low crime (only 18 violent crimes per 100K). While the median home price is on the higher side at $575,000 and average rent is $2,000, you’ll enjoy short 23-minute commutes, beautiful green spaces, and a welcoming, educated community. Terrace Park combines a safe environment, excellent education, and easy Cincinnati access—ideal for those seeking suburban tranquility and quality of life.
Demographics - Terrace Park, OH
Demographics - Terrace Park, OH
Terrace Park has a close-knit population of 2,360 residents, characterized by a predominantly White community and a median age of 41, offering a mature and family-oriented atmosphere. The area has a nearly balanced gender ratio and a small percentage of non-English speakers, making it a homogenous yet welcoming neighborhood. Its moderate population density allows for a peaceful suburban lifestyle.
Population:
2,360
Density:
1,600 per sq mi
Median Age:
41.0
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
3.2%
Ethnic Composition
White:
97.0%
Black:
0.5%
Asian:
1.2%
Others:
1.3%
Cost Of Living
What is the average cost of living in Terrace Park, OH?
Living in Terrace Park comes with a higher cost, as reflected by a median home value of $575,000 and a cost of living index of 115, above the national average. Housing costs are notably elevated, while everyday expenses like groceries and utilities remain closer to average. State taxes are moderate, making the area attractive for those seeking upscale suburban living with convenient amenities.
Median House Value:
$575,000
Gross Rent:
$2,000
Monthly Electricity Charges:
$120
Auto Insurance:
$1,150
House Owner Cost With Mortgage:
$2,300
House Owner Cost Without Mortgage:
$800
State Taxes:
Low:
0.5%
|
High:
3.99%
Cost Of Living Index:
115.0
Grocery:
102.0
Housing:
140.0
Utilities:
104.0
Transportation:
98.0
Health Care:
108.0
Miscellaneous:
101.0
Crime
Is Terrace Park, OH a safe place to live?
Terrace Park is considered very safe, with only 18 violent crimes and 220 property crimes per 100,000 residents, resulting in exceptionally low crime rates. The chance of experiencing violent crime is 1 in 5,500, making it one of the more secure communities in the region. This low crime environment contributes to the area's appeal for families and retirees alike.
Violent Crimes Per 100k:
18
Property Crimes Per 100k:
220
Crime Index:
238
Chance Of Violent Crime:
1 in 5,500
Chance Of Property Crime:
1 in 1,070
Weather
What is the weather like in Terrace Park, OH year-round?
Residents experience four distinct seasons in Terrace Park, with cold winters averaging lows of 23°F and warm summers reaching up to 86°F. The city receives about 42 inches of rainfall annually and enjoys sunshine 56% of the year, providing a pleasant climate for outdoor activities. Seasonal changes bring vibrant foliage and comfortable transitions throughout the year.
Winter
Min:
23°F
Max:
39°F
Spring
Min:
44°F
Max:
69°F
Summer
Min:
65°F
Max:
86°F
Fall
Min:
48°F
Max:
70°F
Average Rainfall Inches:
42 inches
Sunny Days Percentage:
56%
Neighbors
Terrace Park's households are affluent, with a median household income of $176,250 and just 1.2% of residents living below the poverty line. The community is highly educated, with 81% holding a bachelor's degree or higher, and most residents commute around 23 minutes to work. The low unemployment rate and minimal public transit use reflect a stable and self-sufficient neighborhood.
Median Income:
$70,000
Household Income:
$176,250
Family Income:
$196,000
Per Capita Income:
$81,500
Income Male:
$105,000
Income Female:
$68,000
Poverty Rate:
1.2%
Non English Speakers:
3.2%
Rent:
$2,000
Unemployment Rate:
2.7%
Public Transport Usage:
0.5%
Commute Time:
23.5 minutes
Education
High School or Higher:
99.0%
Bachelors or More:
81.0%
Education
How are the schools in Terrace Park, OH?
Families in Terrace Park benefit from highly rated public and private schools, including Terrace Park Elementary and proximity to well-known universities like the University of Cincinnati just 12 miles away. The student-to-teacher ratios are favorable, supporting personalized learning experiences. Access to top educational institutions makes the village an excellent choice for students of all ages.
Public Schools
Name:
Terrace Park Elementary School
Street:
723 Elm Ave
Phone:
513-272-7700
Students:
410
Student Teacher Ratio:
16:1
Name:
Mariemont Junior High School
Street:
6743 Chestnut St, Cincinnati, OH 45227
Phone:
513-272-7300
Students:
350
Student Teacher Ratio:
14:1
Private Schools
Name:
St. Thomas More School
Street:
788 Ohio Pike, Cincinnati, OH 45245
Phone:
513-753-2540
Students:
235
Colleges
Name:
University of Cincinnati
City:
Cincinnati
State:
OH
Distance:
12 miles
Students:
46,000
Name:
Xavier University
City:
Cincinnati
State:
OH
Distance:
10 miles
Students:
7,000
Healthcare
Residents benefit from excellent healthcare access, with major hospitals like Mercy Health – Anderson and The Christ Hospital nearby, and 96% of the population insured. There are 2.9 physicians per 1,000 people, supporting strong medical care and wellness resources in the area. The local healthcare index points to reliable medical services for families and individuals.
Major Hospitals
Name:
Mercy Health - Anderson Hospital
Address:
7500 State Rd, Cincinnati, OH 45255
Phone:
(513) 624-4500
Type:
General & Surgical
Emergency Services:
Yes
Name:
The Christ Hospital
Address:
2139 Auburn Ave, Cincinnati, OH 45219
Phone:
(513) 585-2000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.9
Health Insurance Coverage:
96.0%
Health Care Index:
78.0
Housing Market
What is the housing market like in Terrace Park, OH?
The Terrace Park housing market is competitive, with a median home price of $575,000 and average rent for a two-bedroom at $2,000. Owner occupancy is high at over 97%, and the area has a low foreclosure and vacancy rate, signaling a stable, desirable real estate environment. Home values have appreciated by 6.2% in the past year, making it attractive for long-term investment.
Median Home Price:
$575,000
Average Rent For 2 Bedroom:
$2,000
Owner Occupied Rate:
97.2%
Rental Vacancy Rate:
4.1%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
0.7%
Foreclosure Rate:
0.2%
DMV Information
Terrace Park residents are served by the Ohio Bureau of Motor Vehicles, with the nearest main office located in Columbus and accessible online. The DMV provides standard vehicle registration, licensing, and related services for Ohio drivers. Assistance is available through their website or by phone for convenient support.
State:
Ohio
Department:
Ohio Bureau of Motor Vehicles
Address:
1970 West Broad Street, Columbus, OH 43223
Phone:
1-844-644-6268
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.