Grosse Pointe Park, MI is known for its high quality of life and beautiful housing. The median housing value in Grosse Pointe Park is $438,500, which is significantly higher than the US House Median Value of $338,100. While US housing appreciation over the past year was 8.27%, Grosse Pointe Park saw a lower rate of 4.30%. Despite this difference in appreciation rate, Grosse Pointe Park remains an attractive market due to its high quality of life and desirable real estate.
The median home cost in Grosse Pointe Park is $438,500. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Grosse Pointe Park is up 9.7%.
Average Age of Homes
- The median age of Grosse Pointe Park real estate is 78 years old
The Rental Market in Grosse Pointe Park
- Renters make up 23.1% of the Grosse Pointe Park population
- 1.1% of houses and apartments in Grosse Pointe Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.