Home Price Key
Affordable
Average
Expensive
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 $403,916, higher than the Michigan average of $196,062.
The average cost of rent is $1,466/mo in Grosse Pointe Farms, primarily driven by the current value of real estate in the Grosse Pointe Farms area. While nearly 32.53% of residents own their homes outright in Grosse Pointe Farms, 4.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Grosse Pointe Farms is $13,913 per month. Households that rent pay about 10.54% 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 southwestern parts of the city.
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: less expensive 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: less expensive 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: less expensive homes
- Rupert, ID: less expensive homes
- Salem, IL: less expensive homes
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