Market Overview
Home Prices in Grosse Ile, MI
The median home value in Grosse Ile, MI is $407,653 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grosse Ile are priced1% below average. Grosse Ile is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Grosse Ile home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Grosse Ile Home Price Trend
City Comparison
Grosse Ile vs. National Median
At $407,653, homes in Grosse Ile cost 1% below the national median of $410,000. This makes Grosse Ile a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grosse Ile?
20% Down Payment
$81,531
on $407,653
Monthly P&I
$2,126/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,700/mo
incl. taxes & insurance
Income Needed
$108,000
gross annual (30% rule)
10% Down Option
$40,765
+ PMI applies
Loan Amount (20% dn)
$326,122
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Grosse Ile, MI?
The median home value in Grosse Ile is $407,653 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Grosse Ile?
Over the past year, home values in Grosse Ile have increased by 5%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Grosse Ile?
To comfortably afford the median home price of $407,653 with a 20% down payment ($81,531) at today's rates (6.8%), you'd need a gross annual income of approximately $108,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Grosse Ile compare to the national average home price?
The national median home value is approximately $410,000. At $407,653, homes in Grosse Ile are 1% below the national average.
What metro area is Grosse Ile part of?
Grosse Ile is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.