Zip 45174 (Terrace Park, OH) Housing

The housing market in 45174 Terrace Park, OH is above the national average. The median value of homes in the area is $591,500, which is more than 75% higher than the US median value of homes at $338,100. Additionally, over the past year, house appreciation in this area has risen 13.22%, much higher than the 8.27% national average increase. This indicates that 45174 Terrace Park is a great place to invest in real estate due to its rapidly appreciating homes and strong housing market.

The median home cost in Terrace Park (zip 45174) is $591,500. Home appreciation the last 10 years has been 84.0%. Home Appreciation in Terrace Park (zip 45174) is up 15.4%.

Average Age of Homes

- The median age of Terrace Park (zip 45174) real estate is 61 years old

The Rental Market in Terrace Park (zip 45174)

- Renters make up 5.9% of the Terrace Park (zip 45174) population
- 1.2% of houses and apartments in Terrace Park (zip 45174), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Terrace Park, Ohio	United States
	684.0	139,647,020.0
	65	42
	$591,500	$338,100
	15.4%	16.6%
	56.3%	57.0%
	84.0%	101.1%
	$17.49	$10.98
	$10,001	$2,690
	92.4%	57.4%
	4.2%	11.2%
	3.4%	31.4%
Vacant Housing
	1.2%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.9%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.3%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.3%	11.3%
	0.0%	13.0%
	8.1%	20.1%
	18.4%	13.6%
	18.4%	8.3%
	30.1%	9.7%
	16.1%	3.9%
	7.3%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	8.8%	13.6%
	6.1%	13.2%
	6.6%	14.8%
	8.8%	13.6%
	22.8%	10.0%
	12.9%	4.7%
	23.1%	12.2%

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