Grosse Pointe Shores, MI Real Estate
According to census data in the year 2000 there were 1,092 housing units in Grosse Pointe Shores.
This represents a 0.2% decline from 1,094 in 1990.
Of those housing units, 1,092 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Grosse Pointe Shores is about 97.4%.
Grosse Pointe Shores's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Grosse Pointe Shores were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 6% |
| Three Bedrooms | 40.20% |
| Four Bedrooms | 39.40% |
| Five Bedrooms or more | 14.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $594,200 |
| Median Price asked for vacant units | $1,000,001 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $99 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.30% |
| Home Equity Loan | 9% |
| Simple Mortgage | 42.60% |
| Debt Free | 47.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
