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City · 11,319 residents · Wayne County, Michigan

Grosse Pointe Park , Michigan

In Grosse Pointe Park, a typical home is worth $473,100 and typical rent is $1,379 a month. Compared with all of Wayne County, the typical home value is 165% higher, typical household income is 105% higher, and the share of households that own their home is 10 points higher.

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  • Typical home value

    $473,100

    165% above the county

    104% above Michigan

    • Grosse Pointe Park
    • Wayne
    • Michigan

  • Typical rent

    $1,379a month

    22% above the county

    22% above Michigan

    • Grosse Pointe Park
    • Wayne
    • Michigan

  • Typical household income

    $124,111a year

    105% above the county

    70% above Michigan

    • Grosse Pointe Park
    • Wayne
    • Michigan

  • Households that own their home

    74%

    10 points above the county

    1 points above Michigan

    • Grosse Pointe Park
    • Wayne
    • Michigan

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

Market now, with Zillow data

Zillow data
Typical home value
$508,808
2.6% more than 12 months ago
Typical rent
$1,478 a month

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

Grosse Pointe Park 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 Park apart

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

  1. The typical household income in Grosse Pointe Park is $124,111, 105% more than in Wayne County as a whole ($60,539).

  2. The typical home in Grosse Pointe Park is worth $473,100, 165% more than in Wayne County as a whole ($178,500).

  3. Nearby, in Eastpointe, the typical home value is $142,200: 70% less than in Grosse Pointe Park ($473,100).

  4. The typical rent in Grosse Pointe Park is $1,379 a month, 22% more than in Wayne County as a whole ($1,132).

  5. 74% of households in Grosse Pointe Park own their home, against 65% in Wayne County.

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

The homes here

Housing in Grosse Pointe Park

What homes there are in Grosse Pointe Park, 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

The detached house rules in Grosse Pointe Park: 73% of homes, more than in Wayne County (70%).

Year built

The typical home in Grosse Pointe Park was built before 1940, the oldest group the Census tells apart; 87% of homes date from before 1960.

Homes in Grosse Pointe Park are bigger: 77% have 3 bedrooms or more; 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

$2,738 a month

Wayne County: $1,556 a month

Without a mortgage

$1,405 a month

Wayne County: $612 a month

Owners with a mortgage

69%

Wayne County: 52%

Owning costs more in Grosse Pointe Park: with a mortgage, the typical cost is $2,738 a month; in Wayne County, $1,556. Without one, $1,405.

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

Homes in Grosse Pointe Park gained value more slowly than in Wayne County: 32% since 2015–2019, against 58%.

Rents in Grosse Pointe Park rose more slowly than in Wayne County: 24% since 2015–2019, against 29%.

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 ParkWayne 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 2.472.502.422.53
Drive alone 67%72%74%69%
Carpool Unreliable estimate9%8%9%
Public transit Unreliable estimate2%1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 26%14%14%15%
Other means Unreliable estimate2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Wayne County, a household in Grosse Pointe Park has 2.47 people on average.

Many people here do not commute at all: 26% work from home; in Wayne County, 14%.

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 Park?

A typical home costs more than the typical income allows

We start with a typical home in Grosse Pointe Park, worth $473,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Grosse Pointe Park, which is $124,111 a year. For that payment to be 28% of income, a household would need to earn about $184,217 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 Park. 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 $16,559 (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

$4,298

at 7.18% · 30 years

Loan amount
$464,530
Total interest
$668,350
Paid off in
November 2056

Includes $7,989 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,896 a month

  • Tight

    $2,896 to $3,723 a month

  • Hard

    more than $3,723 a month

    Your payment · 42%

Compared with the typical household income in Grosse Pointe Park ($124,111 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,298
Principal & interest$3,147
Property tax$745
Home insurance$197
FHA mortgage insurance (MIP)$209

You need at least $16,559 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 Park and Wayne County

Grosse Pointe Park 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 Park's own numbers

Typical home value
$473,100
Typical monthly rent
$1,379
Typical yearly household income
$124,111
Households that own their home
74%
Effective property tax rate
1.89%

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 Park

A typical home in Grosse Pointe Park is worth $473,100: 165% above the county and 104% above Michigan. With the typical household income in Grosse Pointe Park ($124,111 a year), a typical home costs 3.8 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 Park 3.8 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 Park 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 Park $473,100
  • Wayne $178,500
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Grosse Pointe Park $1,379
  • Wayne $1,132
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Grosse Pointe Park $124,111
  • Wayne $60,539
  • Michigan $72,875
  • United States $80,734
See the full table
Grosse Pointe Park next to Wayne County and Michigan
Measure Grosse Pointe Park Wayne County Michigan U.S.
Typical home value $473,100 $178,500 $231,600 $332,700
Typical monthly rent $1,379 $1,132 $1,129 $1,413
Typical yearly household income $124,111 $60,539 $72,875 $80,734
Households that own their home 74% 65% 73% 65%
Typical yearly property tax $8,918 $2,904 $2,904 $3,119
Effective property tax rate 1.89% 1.63% 1.25% 0.94%
Renters with high rent for their income 41% 54% 50% 51%

“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 Park

For a typical $473,100 home in Grosse Pointe Park, 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 Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,298a month

    Least cash to close
    Down payment
    $16,559
    Cash to close
    $30,752
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $209

  • Conventional, 5% down $4,212a month

    Down payment
    $23,655
    Cash to close
    $37,848
    Rate
    7.18%
    Mortgage insurance
    PMI · $225

  • Conventional, 20% down, no PMI $3,506a month

    Down payment
    $94,620
    Cash to close
    $108,813
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,944a month

    Down payment
    $70,965
    Cash to close
    $85,158
    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 Park and for Wayne County.

Property tax

Effective rate in Grosse Pointe Park

1.89%of the home’s value each year

$8,918 a year for the typical owner in Grosse Pointe Park.

  • Grosse Pointe Park 1.89%
  • 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 Park

Typical rent in Grosse Pointe Park is $1,379 a month: 22% above the county. In Grosse Pointe Park, 41% of renter households pay 30% or more of their income in rent.

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 Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Grosse Pointe Park is in ZIP code 48230.

For 2 bedrooms it is $1,820: $361 more than the fair market rent for Wayne County ($1,459).

  • 48230 $1,820$2,220

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 Park 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 Park

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.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Grosse Pointe Park

No down payment, repair or rent-help program on our list is for Grosse Pointe Park or Wayne County. The ones below are statewide in Michigan: they work in Grosse Pointe Park 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 Park

The HUD-approved agencies closest to the center of Grosse Pointe Park, 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 · 1 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

  • Family Tree, Inc.

    615 Griswold St Ste 700, Detroit · 7 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (313) 962-2329

Every agency in Wayne County All counseling agencies in Michigan

Help in Spanish near Grosse Pointe Park

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 Park

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

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Grosse Pointe Park

Short answers with the numbers for Grosse Pointe Park 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 Park?

The typical home value in Grosse Pointe Park is $473,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wayne County it is $178,500.

How much does it cost to rent in Grosse Pointe Park?

Typical rent in Grosse Pointe Park is $1,379 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wayne County is $1,459.

What is the FHA loan limit in Grosse Pointe Park?

Grosse Pointe Park 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 Park?

The typical homeowner in Grosse Pointe Park pays $8,918 a year, according to the U.S. Census Bureau. That is 1.89% 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 Park?

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).