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Terrace Park village, OH

ZIP 45174 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 45174

Median Home Value
$581,000
Median Rent
$2,521
Affordability Snapshot
$160,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,732/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 45174 in Terrace Park village, OH, a household would need roughly $160,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,732. That sits below the local median household income ($205,795), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
95.6%+46% vs US avg
x
Vacancy Rate
6.3%-39% vs US avg
x
Broadband Access
98.9%+14% vs US avg
x
4+ Bedrooms
17.4%+18% vs US avg
x
Built Pre-1939
13.6%+6% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.1%-88% vs US avg
x
Mortgage-Free
25.4%-34% vs US avg
x
$581,000
Home Value
$2,521
Rent
1954
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached99.0%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units1.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$581,000
Median rent$2,521
Owner-occupied95.6%
Vacant6.3%
Price-to-income2.8x
Est. income to buy$160,000