Market Overview
Home Prices in Grosse Pointe Shores, MI
The median home value in Grosse Pointe Shores, MI is $793,505 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 8.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grosse Pointe Shores are priced94% above average. Grosse Pointe Shores is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Grosse Pointe Shores home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Grosse Pointe Shores Home Price Trend
City Comparison
Grosse Pointe Shores vs. National Median
At $793,505, homes in Grosse Pointe Shores cost 94% above the national median of $410,000. Buyers in Grosse Pointe Shores should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Grosse Pointe Shores?
20% Down Payment
$158,701
on $793,505
Monthly P&I
$4,138/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,255/mo
incl. taxes & insurance
Income Needed
$210,200
gross annual (30% rule)
10% Down Option
$79,351
+ PMI applies
Loan Amount (20% dn)
$634,804
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 Shores, MI?
The median home value in Grosse Pointe Shores is $793,505 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Grosse Pointe Shores?
Over the past year, home values in Grosse Pointe Shores have increased by 6.9%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Grosse Pointe Shores?
To comfortably afford the median home price of $793,505 with a 20% down payment ($158,701) at today's rates (6.8%), you'd need a gross annual income of approximately $210,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Grosse Pointe Shores compare to the national average home price?
The national median home value is approximately $410,000. At $793,505, homes in Grosse Pointe Shores are 94% above the national average.
What metro area is Grosse Pointe Shores part of?
Grosse Pointe Shores is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.