The Most Affordable Neighborhoods in Grosse Pointe, MI by Home Value

 

Grosse Pointe, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Grosse Pointe area can be challenging. Home prices in Grosse Pointe are now at a median cost of $282,001, higher than the Michigan average of $196,062.

The average cost of rent is $1,684/mo in Grosse Pointe, primarily driven by the current value of real estate in the Grosse Pointe area. While nearly 44.38% of residents own their homes outright in Grosse Pointe, 20.05% rent.

Housing affordability isn’t just about home prices, though. The average household income in Grosse Pointe is $8,368 per month. Households that rent pay about 20.12% of their income on rent here. Grosse Pointe's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.


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