Market Overview
Home Prices in Peninsula, OH
The median home value in Peninsula, OH is $388,292 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Peninsula are priced5% below average. Peninsula is part of the Akron, OH metro area.
Over the past five years, Peninsula home values have risen by approximately28.4%, reflecting strong long-term appreciation in this market.
Price History
Peninsula Home Price Trend
City Comparison
Peninsula vs. National Median
At $388,292, homes in Peninsula cost 5% below the national median of $410,000. This makes Peninsula a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Peninsula?
20% Down Payment
$77,658
on $388,292
Monthly P&I
$2,025/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,572/mo
incl. taxes & insurance
Income Needed
$102,880
gross annual (30% rule)
10% Down Option
$38,829
+ PMI applies
Loan Amount (20% dn)
$310,634
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Peninsula, OH?
The median home value in Peninsula is $388,292 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Peninsula?
Over the past year, home values in Peninsula have increased by 5%. Over five years, prices have risen approximately 28.4%.
How much do I need to earn to buy a home in Peninsula?
To comfortably afford the median home price of $388,292 with a 20% down payment ($77,658) at today's rates (6.8%), you'd need a gross annual income of approximately $102,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Peninsula compare to the national average home price?
The national median home value is approximately $410,000. At $388,292, homes in Peninsula are 5% below the national average.
What metro area is Peninsula part of?
Peninsula is part of the Akron, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.