Home

Grosse Pointe, MI Real Estate


According to census data in the year 2000 there were 2,504 housing units in Grosse Pointe. This represents a 0.5% growth from 2,492 in 1990.

Of those housing units, 2,504 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 is about 81.9%. Grosse Pointe's vacancy rate, including seasonal lodging, is about 4.6%. Average household size is 2.37 people.

The majority of houses, apartments or condos in Grosse Pointe were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.60%
Two Bedrooms21.60%
Three Bedrooms39.90%
Four Bedrooms24.40%
Five Bedrooms or more9.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1939
Median Value of occupied units$288,400
Median Price asked for vacant units$39,500

Rented Homes, Apartments and Condos

Average Household Size1.71
Median year structure was built1944
Median Monthly Rent asked for vacant units$845

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.10%
Home Equity Loan16.50%
Simple Mortgage51.50%
Debt Free25.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.8%