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City · 9,904 residents · Wayne County, Michigan

Grosse Pointe Farms , Michigan

In Grosse Pointe Farms, a typical home is worth $442,000. Compared with all of Wayne County, typical household income is 166% higher, the typical home value is 148% higher, and the share of households that own their home is 32 points higher.

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  • Typical home value

    $442,000

    148% above the county

    91% above Michigan

    • Grosse Pointe Farms
    • Wayne
    • Michigan

  • Typical household income

    $161,208a year

    166% above the county

    121% above Michigan

    • Grosse Pointe Farms
    • Wayne
    • Michigan

  • Households that own their home

    97%

    32 points above the county

    23 points above Michigan

    • Grosse Pointe Farms
    • Wayne
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$524,027
5.3% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Grosse Pointe Farms is in Wayne County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Wayne County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Grosse Pointe Farms apart

What this place has that others do not, from public data, most unusual first.

  1. Grosse Pointe Farms has the highest homeownership rate of the 179 cities in Michigan with more than 5,000 people: 97%.

  2. The typical household income in Grosse Pointe Farms is $161,208, 166% more than in Wayne County as a whole ($60,539).

  3. The typical home in Grosse Pointe Farms is worth $442,000, 148% more than in Wayne County as a whole ($178,500).

  4. Nearby, in Eastpointe, the typical home value is $142,200: 68% less than in Grosse Pointe Farms ($442,000).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Grosse Pointe Farms

What homes there are in Grosse Pointe Farms, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Grosse Pointe Farms, 10 in 10 homes are single-family detached houses; in Wayne County, 7.

Year built

In Grosse Pointe Farms, half of the homes were built before 1946; in Wayne County, before 1956.

In Grosse Pointe Farms, 83% of homes have 3 bedrooms or more, more than in Wayne County (64%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,911 a month

Wayne County: $1,556 a month

Without a mortgage

$1,317 a month

Wayne County: $612 a month

Owners with a mortgage

63%

Wayne County: 52%

Owning costs more in Grosse Pointe Farms: with a mortgage, the typical cost is $2,911 a month; in Wayne County, $1,556. Without one, $1,317.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Grosse Pointe Farms rose 24%; in Wayne County, it rose 58%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureGrosse Pointe FarmsWayne CountyMichiganUnited States
Rental vacancy Unreliable estimate4.6%5.1%5.5%
Homeowner vacancy Unreliable estimate1.5%0.8%0.9%
More than one person per room Unreliable estimate2.2%1.6%3.4%
People per household 2.412.502.422.53
Drive alone 69%72%74%69%
Carpool 4%9%8%9%
Public transit Unreliable estimate2%1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 25%14%14%15%
Other means Unreliable estimate2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

A household in Grosse Pointe Farms has 2.41 people on average, about the same as in Wayne County (2.50).

Working from home is more common in Grosse Pointe Farms: 25%, against 14% in Wayne County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Grosse Pointe Farms?

A typical home is tight for the typical income

We start with a typical home in Grosse Pointe Farms, worth $442,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Grosse Pointe Farms, which is $161,208 a year. For that payment to be 28% of income, a household would need to earn about $171,634 a year.

The calculator's FHA and conventional loan limits are those of all of Wayne County.

Your numbers

Local data
$

Starts at the typical home value in Grosse Pointe Farms. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,470 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,005

at 7.18% · 30 years

Loan amount
$433,994
Total interest
$624,416
Paid off in
November 2056

Includes $7,464 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,762 a month

  • Tight

    $3,762 to $4,836 a month

    Your payment · 30%

  • Hard

    more than $4,836 a month

Compared with the typical household income in Grosse Pointe Farms ($161,208 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,005
Principal & interest$2,940
Property tax$685
Home insurance$184
FHA mortgage insurance (MIP)$195

You need at least $15,470 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Grosse Pointe Farms and Wayne County

Grosse Pointe Farms is in Wayne County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Grosse Pointe Farms's own numbers

Typical home value
$442,000
Typical yearly household income
$161,208
Households that own their home
97%
Effective property tax rate
1.86%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Wayne County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,459
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wayne County.

Everything about Wayne County

Buying

Buying a home in Grosse Pointe Farms

A typical home in Grosse Pointe Farms is worth $442,000: 148% above the county and 91% above Michigan. With the typical household income in Grosse Pointe Farms ($161,208 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Grosse Pointe Farms 2.7 years
  • Wayne 2.9 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Wayne County

According to FHFA’s house price index, home prices in Wayne County rose 97% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Wayne County.

Period County Michigan U.S.
Last year (2025) +5.3% +4.7% +2.9%
5 years (2020–2025) +49% +52% +47%
10 years (2015–2025) +97% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Grosse Pointe Farms next to Wayne County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Grosse Pointe Farms $442,000
  • Wayne $178,500
  • Michigan $231,600
  • United States $332,700
Typical yearly household income
  • Grosse Pointe Farms $161,208
  • Wayne $60,539
  • Michigan $72,875
  • United States $80,734
See the full table
Grosse Pointe Farms next to Wayne County and Michigan
Measure Grosse Pointe Farms Wayne County Michigan U.S.
Typical home value $442,000 $178,500 $231,600 $332,700
Typical yearly household income $161,208 $60,539 $72,875 $80,734
Households that own their home 97% 65% 73% 65%
Typical yearly property tax $8,238 $2,904 $2,904 $3,119
Effective property tax rate 1.86% 1.63% 1.25% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wayne County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Grosse Pointe Farms

For a typical $442,000 home in Grosse Pointe Farms, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Grosse Pointe Farms's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,005a month

    Least cash to close
    Down payment
    $15,470
    Cash to close
    $28,730
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $195

  • Conventional, 5% down $3,924a month

    Down payment
    $22,100
    Cash to close
    $35,360
    Rate
    7.18%
    Mortgage insurance
    PMI · $210

  • Conventional, 20% down, no PMI $3,265a month

    Down payment
    $88,400
    Cash to close
    $101,660
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,673a month

    Down payment
    $66,300
    Cash to close
    $79,560
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Grosse Pointe Farms and for Wayne County.

Property tax

Effective rate in Grosse Pointe Farms

1.86%of the home’s value each year

$8,238 a year for the typical owner in Grosse Pointe Farms.

  • Grosse Pointe Farms 1.86%
  • Wayne 1.63%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Wayne County

FEMA does not publish these numbers by city: they are for all of Wayne County.

Homes in the high-risk zone
2%
12,730
Of those, with NFIP insurance
22%
County Michigan U.S.
Homes in the high-risk zone 2% 1.6% 3.5%
Of those, with NFIP insurance 22% 18% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Grosse Pointe Farms

The Census Bureau publishes no typical rent for Grosse Pointe Farms. Below are the fair market rents for Wayne County.

HUD publishes a fair market rent for all of Wayne County, by unit size. To pay the 2-bedroom one ($1,459 a month) without spending more than 30% of your income, you would need to earn $28.06 an hour working full time.

HUD fair market rent for all of Wayne County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,047 $20.13 $41,880
1 bedroom $1,167 $22.44 $46,680
2 bedrooms $1,459 $28.06 $58,360
3 bedrooms $1,777 $34.17 $71,080
4 bedrooms $1,929 $37.10 $77,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Grosse Pointe Farms

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Grosse Pointe Farms is in ZIP code 48236.

For 2 bedrooms it is $2,020: $561 more than the fair market rent for Wayne County ($1,459).

  • 48236 $2,020$2,460

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Grosse Pointe Farms when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Grosse Pointe Farms

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 18 HUD-approved agencies with an office in Wayne County; 4 say they serve in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Grosse Pointe Farms

No down payment, repair or rent-help program on our list is for Grosse Pointe Farms or Wayne County. The ones below are statewide in Michigan: they work in Grosse Pointe Farms the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Grosse Pointe Farms

The HUD-approved agencies closest to the center of Grosse Pointe Farms, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Jefferson East, Inc.

    14300 E Jefferson Ave, Detroit · 3 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (313) 331-7939

  • Matrix Human Services

    13560 E McNichols Rd, Detroit · 5 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 6 more
    313-526-4000x1246

  • Msue- Macomb County (WARREN)

    11370 Hupp Avenue, Warren · 7 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 3 more
    (586) 469-7609

Every agency in Wayne County All counseling agencies in Michigan

Help in Spanish near Grosse Pointe Farms

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Grosse Pointe Farms

In HUD’s record, no housing authority with an office in Wayne County is named for Grosse Pointe Farms or Wayne County.

17 other authorities have an office in Wayne County: see the list Source: HUD

Cities

Other cities in Wayne County

These cities are also in Wayne County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Wayne County Housing in Michigan
See 17 more cities in Wayne County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Grosse Pointe Farms, with the typical home value.

Neighboring counties

If Wayne County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Grosse Pointe Farms.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Grosse Pointe Farms

Short answers with the numbers for Grosse Pointe Farms and all of Wayne County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Grosse Pointe Farms?

The typical home value in Grosse Pointe Farms is $442,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wayne County it is $178,500.

What is the FHA loan limit in Grosse Pointe Farms?

Grosse Pointe Farms uses the FHA limit for all of Wayne County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Grosse Pointe Farms?

The typical homeowner in Grosse Pointe Farms pays $8,238 a year, according to the U.S. Census Bureau. That is 1.86% of the home’s value; in Wayne County, the rate is 1.63%.

Where can I find free help to buy or rent in Grosse Pointe Farms?

There are 18 HUD-approved counseling agencies with an office in Wayne County. 4 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).