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Grass Lake

Learn about the people, housing, costs and businesses in Grass Lake, Michigan

Median Home$301,400
Median Rent$991/month
Population1,117
Leading IndustriesRetail · Wholesale Trade · Education16% retail
Home Value Growth⬆⬆+14.2% over 2 years
Retirees24% of residentsslightly above average
Homeowners91% of occupied units
NotableHigh Incomes$96k/year · top 20% nationally
Grass Lake
MI

Frequently Asked Questions

What are today's mortgage rates in Grass Lake?

As of today, the 30-year fixed mortgage rate for Grass Lake is approximately 6.941% (6.979% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Grass Lake?

The median home value in Grass Lake is $301k. The median monthly rent is $991. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grass Lake?

Home values in Grass Lake have increased 14.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Grass Lake?

Based on a typical all-in ownership cost of $1,133/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grass Lake is $96k/year.

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What industries drive the economy in Grass Lake?

The largest employment sectors in Grass Lake are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.