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

 

Village of Grosse Pointe Shores, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Village of Grosse Pointe Shores area can be challenging. Home prices in Village of Grosse Pointe Shores are now at a median cost of $627,810, higher than the Michigan average of $250,415.

The average cost of rent is $1,511/mo in Village of Grosse Pointe Shores, primarily driven by the current value of real estate in the Village of Grosse Pointe Shores area. In Village of Grosse Pointe Shores, 16.64% of households rent, and 51.54% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Village of Grosse Pointe Shores is $13,252 per month. Households that rent pay about 11.40% of their income on rent here. Village of Grosse Pointe Shores’s most expensive areas are in the southwestern 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.


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