Market Overview
Home Prices in Grosse Pointe, MI
The median home value in Grosse Pointe, MI is $487,850 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grosse Pointe are priced19% above average. Grosse Pointe is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Grosse Pointe home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Grosse Pointe Home Price Trend
City Comparison
Grosse Pointe vs. National Median
At $487,850, homes in Grosse Pointe cost 19% above the national median of $410,000. Buyers in Grosse Pointe should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Grosse Pointe?
20% Down Payment
$97,570
on $487,850
Monthly P&I
$2,544/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,231/mo
incl. taxes & insurance
Income Needed
$129,240
gross annual (30% rule)
10% Down Option
$48,785
+ PMI applies
Loan Amount (20% dn)
$390,280
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, MI?
The median home value in Grosse Pointe is $487,850 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Grosse Pointe?
Over the past year, home values in Grosse Pointe have increased by 3.7%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Grosse Pointe?
To comfortably afford the median home price of $487,850 with a 20% down payment ($97,570) at today's rates (6.8%), you'd need a gross annual income of approximately $129,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Grosse Pointe compare to the national average home price?
The national median home value is approximately $410,000. At $487,850, homes in Grosse Pointe are 19% above the national average.
What metro area is Grosse Pointe part of?
Grosse Pointe is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.