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Village of Grosse Pointe Shores

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

Median Home$730,590
Median Rent$1,192/month
Population2,795
Leading IndustriesPublic Administration · Education · Transportation36% public administration
Home Value Growth+9.7% over 2 years
Retirees29% of residentswell above average
Homeowners97% of occupied units
NotableHigh Incomes$191k/year · top 1% nationally
NotableHighly Educated36% bachelor's · 15% graduate · top 3% nationally
Village of Grosse Pointe Shores
MI

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Frequently Asked Questions

What are today's mortgage rates in Village of Grosse Pointe Shores?

As of today, the 30-year fixed mortgage rate for Village of Grosse Pointe Shores is approximately 6.848% (6.878% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Village of Grosse Pointe Shores
What is the median home price in Village of Grosse Pointe Shores?

The median home value in Village of Grosse Pointe Shores is $731k. The median monthly rent is $1,192. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Village of Grosse Pointe Shores?

Home values in Village of Grosse Pointe Shores have increased 9.7% over the past two years. This represents moderate growth. 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 Village of Grosse Pointe Shores?

Based on a typical all-in ownership cost of $2,433/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $104k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Village of Grosse Pointe Shores is $191k/year.

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What industries drive the economy in Village of Grosse Pointe Shores?

The largest employment sectors in Village of Grosse Pointe Shores are public administration (36%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.