Elmwood Place vs Terrace Park

A side-by-side comparison of Elmwood Place and Terrace Park: population, income, housing, and more.

Elmwood Place and Terrace Park are places in Ohio. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Elmwood Place has the higher population (2,368 vs 2,282 in Terrace Park). Terrace Park has the higher median household income ($206,705 vs $39,980 in Elmwood Place). Terrace Park has the higher median home value ($581,000 vs $58,300 in Elmwood Place).

Population, income & housing

	Elmwood Place	Terrace Park
Population	2,368	2,282
Median age	30.1 yrs	38.8 yrs
Median household income	$39,980	$206,705
Median home value	$58,300	$581,000
Median gross rent	$663	$3,188
Housing units	915	773
Homeownership rate	41.2%	96.6%
Bachelor's degree or higher	12.7%	85.8%
Unemployment rate	3.7%	3.6%

Trends (ACS 5-year, 2019–2023)

	Elmwood Place	Terrace Park
Population	2,052 → 2,368 (+15.4%)	2,294 → 2,282 (-0.5%)
Median household income	$27,045 → $39,980 (+47.8%)	$175,000 → $206,705 (+18.1%)
Median home value	$53,000 → $58,300 (+10.0%)	$527,500 → $581,000 (+10.1%)
Median gross rent	$683 → $663 (-2.9%)	$1,750 → $3,188 (+82.2%)

Elmwood Place

Population

2,0522,368

Median household income

$27,045$39,980

Median home value

$53,000$58,300

Median gross rent

$683$663

Terrace Park

Population

2,2942,282

Median household income

$175,000$206,705

Median home value

$527,500$581,000

Median gross rent

$1,750$3,188

Age & race/ethnicity

Age distribution (share)

	Elmwood Place	Terrace Park
Under 5	4.7%	9.6%
5 to 17	27.9%	26.9%
18 to 24	13.8%	3.2%
25 to 34	14.7%	5.8%
35 to 44	6.7%	17.4%
45 to 54	12.7%	12.4%
55 to 64	6.9%	12.9%
65 to 74	9.2%	7.8%
75 and over	3.5%	4.0%

Race & ethnicity (share)

	Elmwood Place	Terrace Park
White (non-Hispanic)	76.0%	90.1%
Black or African American	9.5%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	0.4%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.9%
Two or more races	11.4%	3.2%
Hispanic or Latino	3.1%	5.4%

Educational attainment (age 25+)

Share of adults 25+

	Elmwood Place	Terrace Park
No high school diploma	24.8%	1.1%
High school graduate	26.5%	4.3%
Some college or associate's	36.0%	8.9%
Bachelor's degree	9.6%	50.8%
Graduate or professional degree	3.1%	35.0%

Commute to work

How workers get to work (share)

	Elmwood Place	Terrace Park
Drove alone	61.7%	65.0%
Carpooled	12.7%	1.3%
Public transit	17.4%	0.9%
Walked	0.0%	0.3%
Bicycle	0.0%	1.1%
Worked from home	8.3%	30.5%
Other means	0.0%	0.8%

Housing

Units in structure (share)

	Elmwood Place	Terrace Park
1-unit, detached	56.9%	100.0%
1-unit, attached	2.7%	0.0%
2 to 4 units	29.2%	0.0%
5 to 19 units	11.1%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	0.0%	0.0%

Poverty & households

	Elmwood Place	Terrace Park
Poverty rate	23.9%	2.1%
Average household size	3.10	3.09
Mean commute (minutes)	23	27
Median year structure built	1938	1954