Market Overview
Home Prices in Terrace Park, OH
The median home value in Terrace Park, OH is $806,681 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Terrace Park are priced97% above average. Terrace Park is part of the Cincinnati, OH-KY-IN metro area.
Over the past five years, Terrace Park home values have risen by approximately33.9%, reflecting strong long-term appreciation in this market.
Price History
Terrace Park Home Price Trend
City Comparison
Terrace Park vs. National Median
At $806,681, homes in Terrace Park cost 97% above the national median of $410,000. Buyers in Terrace Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Terrace Park?
20% Down Payment
$161,336
on $806,681
Monthly P&I
$4,207/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,343/mo
incl. taxes & insurance
Income Needed
$213,720
gross annual (30% rule)
10% Down Option
$80,668
+ PMI applies
Loan Amount (20% dn)
$645,345
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 Terrace Park, OH?
The median home value in Terrace Park is $806,681 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Terrace Park?
Over the past year, home values in Terrace Park have increased by 6.1%. Over five years, prices have risen approximately 33.9%.
How much do I need to earn to buy a home in Terrace Park?
To comfortably afford the median home price of $806,681 with a 20% down payment ($161,336) at today's rates (6.8%), you'd need a gross annual income of approximately $213,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Terrace Park compare to the national average home price?
The national median home value is approximately $410,000. At $806,681, homes in Terrace Park are 97% above the national average.
What metro area is Terrace Park part of?
Terrace Park is part of the Cincinnati, OH-KY-IN metropolitan area. Home prices and market conditions can vary across the broader metro region.