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Grosse Pointe

Learn about the people, housing, costs and businesses in Grosse Pointe, Michigan

Median Home$438,150
Median Rent$1,698/month
Population5,541
Leading IndustriesEducation · Manufacturing · Arts, Food & Hospitality5% education
Home Value Growth⬆⬆⬆+22.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners86% of occupied units
NotableHighly Educated36% bachelor's · 20% graduate · top 3% nationally
NotableHigh Incomes$146k/year · top 4% nationally
Grosse Pointe
MI

Frequently Asked Questions

What are today's mortgage rates in Grosse Pointe?

As of today, the 30-year fixed mortgage rate for Grosse Pointe is approximately 6.864% (6.899% 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 Grosse Pointe?

The median home value in Grosse Pointe is $438k. The median monthly rent is $1,698. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grosse Pointe?

Home values in Grosse Pointe have increased 22.6% 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 Grosse Pointe?

Based on a typical all-in ownership cost of $1,800/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grosse Pointe is $146k/year.

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What industries drive the economy in Grosse Pointe?

The largest employment sectors in Grosse Pointe are public administration (26%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.