It is located in the middle of the Cuyahoga Valley National Park, which provides a source of tourism to the village. Blossom Music Center is located on its outskirts. It borders Hudson, Cuyahoga Falls, and Brecksville. It is part of Boston Township.
Over 20 places in Peninsula are listed on the National Register of Historic Places.
Public schooling is provided by the Woodridge Local School District.
Commerce in village includes two restaurants, several art galleries and antique stores.
There were 240 households out of which 25.0% had children under the age of 18 living with them, 56.3% were married couples living together, 8.3% had a female householder with no husband present, and 33.3% were non-families. 25.0% of all households were made up of individuals and 7.5% had someone living alone who was 65 years of age or older. The average household size was 2.40 and the average family size was 2.91.
In the village the population was spread out with 20.9% under the age of 18, 4.5% from 18 to 24, 29.1% from 25 to 44, 30.7% from 45 to 64, and 14.8% who were 65 years of age or older. The median age was 43 years. For every 100 females there were 98.7 males. For every 100 females age 18 and over, there were 93.5 males.
The median income for a household in the village was $64,205, and the median income for a family was $73,125. Males had a median income of $48,125 versus $27,188 for females. The per capita income for the village was $29,031. None of the families and 1.2% of the population were living below the poverty line, including no under eighteens and 2.2% of those over 64.