Grosse Pointe, MI is a desirable area for housing, with a median value of $381,400. This is significantly higher than the US median value of $338,100. Despite the high cost of housing in Grosse Pointe, the one year house appreciation rate is only 4.30%, significantly lower than the US average of 8.27%. While it may currently be slightly more expensive to buy a house in Grosse Pointe than elsewhere in the US, it is likely that housing prices will remain relatively stable in this area going forward.
The median home cost in Grosse Pointe is $381,400. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Grosse Pointe is up 9.7%.
Average Age of Homes
- The median age of Grosse Pointe real estate is 78 years old
The Rental Market in Grosse Pointe
- Renters make up 17.0% of the Grosse Pointe population
- 0.0% of houses and apartments in Grosse Pointe, 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.