Market Overview
Home Prices in Grosse Pointe Farms, MI
The median home value in Grosse Pointe Farms, MI is $535,452 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grosse Pointe Farms are priced31% above average. Grosse Pointe Farms is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Grosse Pointe Farms home values have risen by approximately26.9%, reflecting strong long-term appreciation in this market.
Price History
Grosse Pointe Farms Home Price Trend
City Comparison
Grosse Pointe Farms vs. National Median
At $535,452, homes in Grosse Pointe Farms cost 31% above the national median of $410,000. Buyers in Grosse Pointe Farms should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Grosse Pointe Farms?
20% Down Payment
$107,090
on $535,452
Monthly P&I
$2,793/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,547/mo
incl. taxes & insurance
Income Needed
$141,880
gross annual (30% rule)
10% Down Option
$53,545
+ PMI applies
Loan Amount (20% dn)
$428,362
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 Pointe Farms, MI?
The median home value in Grosse Pointe Farms is $535,452 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Grosse Pointe Farms?
Over the past year, home values in Grosse Pointe Farms have increased by 5.5%. Over five years, prices have risen approximately 26.9%.
How much do I need to earn to buy a home in Grosse Pointe Farms?
To comfortably afford the median home price of $535,452 with a 20% down payment ($107,090) at today's rates (6.8%), you'd need a gross annual income of approximately $141,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Grosse Pointe Farms compare to the national average home price?
The national median home value is approximately $410,000. At $535,452, homes in Grosse Pointe Farms are 31% above the national average.
What metro area is Grosse Pointe Farms part of?
Grosse Pointe Farms is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.