Market Overview
Home Prices in Grosse Pointe Park, MI
The median home value in Grosse Pointe Park, MI is $525,161 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grosse Pointe Park are priced28% above average. Grosse Pointe Park is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Grosse Pointe Park home values have risen by approximately24.9%, reflecting strong long-term appreciation in this market.
Price History
Grosse Pointe Park Home Price Trend
City Comparison
Grosse Pointe Park vs. National Median
At $525,161, homes in Grosse Pointe Park cost 28% above the national median of $410,000. Buyers in Grosse Pointe Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Grosse Pointe Park?
20% Down Payment
$105,032
on $525,161
Monthly P&I
$2,739/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,479/mo
incl. taxes & insurance
Income Needed
$139,160
gross annual (30% rule)
10% Down Option
$52,516
+ PMI applies
Loan Amount (20% dn)
$420,129
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 Park, MI?
The median home value in Grosse Pointe Park is $525,161 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Grosse Pointe Park?
Over the past year, home values in Grosse Pointe Park have increased by 3.6%. Over five years, prices have risen approximately 24.9%.
How much do I need to earn to buy a home in Grosse Pointe Park?
To comfortably afford the median home price of $525,161 with a 20% down payment ($105,032) at today's rates (6.8%), you'd need a gross annual income of approximately $139,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Grosse Pointe Park compare to the national average home price?
The national median home value is approximately $410,000. At $525,161, homes in Grosse Pointe Park are 28% above the national average.
What metro area is Grosse Pointe Park part of?
Grosse Pointe Park is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.