Peninsula Ohio City Guide

Peninsula’s population tracks a little over 630 residents, and the annual growth rate is estimated to be 1.33%. Peninsula’s population fluctuated between 2010 and 2018, with the lowest population being 570 and the highest being 670. Overall, the 10 year growth rate is 9.34%.

Around 326 of Peninsula’s residents are female, which accounts for about 52% of the population. Another 306 residents are male, which equals roughly 48% of the population.

Peninsula’s median resident age is 43. Around a quarter of the population is under 18 years old, and less than 20% of residents are between 20 and 34 years old. Over 30% of residents are between 35-54.

Over 99% of Peninsula’s population is White, which indicates this area of Ohio is not ethnically diverse. An estimated 0.6% of the population is Black or African American.

96.6% of residents only speak English. However, 1.1% of residents speak Spanish. Another 1% of Peninsula residents speak either German or another West Germanic language. This makes sense considering 33% of the population is of German descent, with Irish, English, and Polish roots being other common ancestries among residents.

Less than 2% of Peninsula’s population was born outside of the U.S. This is less than half of Ohio’s average and about seven times lower than the national average.

Seeing as Peninsula contains 1 public elementary school, 1 middle school, and 1 high school, students are within ready reach of attaining a great education.

An impressive 99.1% of Peninsula residents 25 years old and over are high school graduates. To compare, about 90% of Ohio’s population are high school graduates, and the U.S. statistic is 87.7%.

From there, 17.5% of residents have some level of a college education. Another 7.3% of residents hold an associate’s degree. An additional 26.3% of Peninsula’s population has a bachelor’s degree. Meanwhile, 24.2% of residents have earned a higher graduate degree or another type of professional degree.

The real estate market in Peninsula is considerably competitive, seeing as homes typically receive multiple offers and sell around list price. Generally, trends indicate that this village is a seller’s market, so buyers are at a disadvantage.

Price per square foot nears $146, which is a 24.3% increase from 2018. To give exact numbers, the price per square foot in October 2018 was $130, while in July 2019 the price jumped up to $320.

Specifically, the sale price in March 2019 was $220K, and prices shot up to a high in May 2019 at $376K. From June 2019 to September 2019, the median sales price averaged around $310K, and the average sale price in November 2019 was $314K, an increase of 2.1% from 2018.

In Peninsula, it’s generally expected that homes are pending for around 52 days or 21 days for more popular properties, and homes can sell for around 3% above list price.

With a cost of living index of 88.9, it is relatively affordable to live in Peninsula. This number in part is due to recent home sales, real estate numbers, and home value estimates.

As expected, considering that the population of Peninsula has a high number of families, a large portion of housing options are detached family homes. Vacant land ready to be new construction can also be found in the village’s borders. While apartment complexes are scarce, smaller apartment buildings are in Peninsula as well.

Generally speaking, residences in the village run on the larger side of the spectrum. 3 bedroom properties are commonly found, while housing options with 4 or more bedrooms are also popular. Meanwhile, smaller residences with 1-2 bedroom layouts are less prevalent. Apartments in Peninsula are generally smaller options with few bedrooms.

A large portion of the village’s land is comprised of green spaces, so any property is likely to have impressive outdoor views.

Peninsula’s median household income tracks just under $100K, which is high relative to both Ohio’s median and the U.S. median. The per capita income is $48K, and the average salary in Peninsula is $78K.

Less than 1% of residents earn less than $15K per year. Almost 20% of residents earn between $15K-$35K annually. Another 16% of residents earn $35K-$50K, and 22% of residents make between $50K-$65K each year.

A little over 20% of residents earn between $65K-$100K per year. Another 20% earn over $100K per year.

Peninsula’s unemployment rate is 2.8%, which is decidedly low. Also, the overall poverty rate here is 1.8%.