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Affordable
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These days, finding an affordable place to live in the Grosse Pointe Farms area can be challenging. Home prices in Grosse Pointe Farms are now at a median cost of $492,705, higher than the Michigan average of $250,415.
The average cost of rent is $1,634/mo in Grosse Pointe Farms, primarily driven by the current value of real estate in the Grosse Pointe Farms area. In Grosse Pointe Farms, 3.43% of households rent, and 36.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grosse Pointe Farms is $14,647 per month. Households that rent pay about 11.15% of their income on rent here. Grosse Pointe Farms’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Grosse Pointe, MI: less expensive homes
- Grosse Pointe Park, MI: equally priced homes
- Grosse Pointe Woods, MI: less expensive homes
- Harper Woods, MI: less expensive homes
- Village of Grosse Pointe Shores, MI: higher priced homes
- Eastpointe, MI: less expensive homes
- St. Clair Shores, MI: less expensive homes
- Roseville, MI: less expensive homes
- Hamtramck, MI: less expensive homes
- Center Line, MI: less expensive homes
Cities with Similar Populations
- Sandy Hook, CT: equally priced homes
- Center Valley, PA: equally priced homes
- Centerville, GA: less expensive homes
- Chadds Ford, PA: higher priced homes
- Rio Vista, CA: equally priced homes
- Ripon, WI: less expensive homes
- Clinton, OK: less expensive homes
- Rolesville, NC: equally priced homes
- Rupert, ID: less expensive homes
- Salem, IL: less expensive homes
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