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Affordable
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These days, finding an affordable place to live in the Grosse Pointe Woods area can be challenging. Home prices in Grosse Pointe Woods are now at a median cost of $348,740, higher than the Michigan average of $250,415.
The average cost of rent is $2,327/mo in Grosse Pointe Woods, primarily driven by the current value of real estate in the Grosse Pointe Woods area. In Grosse Pointe Woods, 10.06% of households rent, and 36.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grosse Pointe Woods is $11,477 per month. Households that rent pay about 20.27% of their income on rent here. Grosse Pointe Woods’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Village of Grosse Pointe Shores, MI: higher priced homes
- Harper Woods, MI: less expensive homes
- Grosse Pointe Farms, MI: higher priced homes
- Grosse Pointe, MI: equally priced homes
- Eastpointe, MI: less expensive homes
- St. Clair Shores, MI: less expensive homes
- Grosse Pointe Park, MI: higher priced homes
- Roseville, MI: less expensive homes
- Center Line, MI: less expensive homes
- Fraser, MI: less expensive homes
Cities with Similar Populations
- Mercedita, PR: less expensive homes
- Mount Kisco, NY: higher priced homes
- Mount Clemens, MI: less expensive homes
- Morganville, NJ: higher priced homes
- Morgan City, LA: less expensive homes
- Morehead, KY: less expensive homes
- Moore, SC: less expensive homes
- Monument, CO: higher priced homes
- Minden, LA: less expensive homes
- Millbrook, AL: less expensive homes
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