How much do homeowners pay a month in the Village of Grosse Pointe Shores, MI?
Homeowners with a mortgage in the Village of Grosse Pointe Shores, MI pay a median of $4,000 or more a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,498 (±$127).
46.4% of owned homes carry a mortgage.
Figures last updated on .
- With a mortgage
- $4,000 or more
- Without a mortgage
- $1,498 (±$127)
- Owned with a mortgage
- 46.4%
Monthly owner costs in the Village of Grosse Pointe Shores
| Village of Grosse Pointe Shores | Wayne County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $4,000 or more | $1,556 (±$13) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $1,498 (±$127) | $612 (±$6) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 46.4% (±6.8 points) | 51.5% (±0.6 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $10,000 or more | $2,904 (±$26) | $2,904 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Wayne County, the Village of Grosse Pointe Shores ranks 1 of 43 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in the Village of Grosse Pointe Shores have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $523,100 (±$44,976) | $733,500 (±$56,478) | +40.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near the Village of Grosse Pointe Shores
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Village of Grosse Pointe Shores | — | $4,000 or more | — |
| Grosse Pointe Woods | 1.7 mi | $2,121 (±$101) | — |
| St. Clair Shores | 3.1 mi | $1,456 (±$34) | — |
| Harper Woods | 3.1 mi | $1,611 (±$75) | — |
| Grosse Pointe Farms | 3.8 mi | $2,911 (±$369) | — |
| Eastpointe | 4.0 mi | $1,190 (±$42) | — |
| Grosse Pointe | 5.0 mi | $2,845 (±$242) | — |
| Roseville | 5.2 mi | $1,246 (±$33) | — |
| Grosse Pointe Park | 6.0 mi | $2,738 (±$363) | — |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Wayne County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Village of Grosse Pointe Shores | $4,000 or more |
| 2 | Northville Township | $2,997 (±$198) |
| 3 | Grosse Pointe Farms | $2,911 (±$369) |
| 4 | Grosse Pointe | $2,845 (±$242) |
| 5 | Grosse Pointe Park | $2,738 (±$363) |
| 6 | Plymouth | $2,429 (±$152) |
| 7 | Grosse Ile Township | $2,416 (±$155) |
Showing 7 of 43 places in Wayne County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Village of Grosse Pointe Shores
What is the average mortgage payment in the Village of Grosse Pointe Shores?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in the Village of Grosse Pointe Shores, MI is $4,000 or more a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in the Village of Grosse Pointe Shores?
Owners without a mortgage in the Village of Grosse Pointe Shores pay a median of $1,498 (±$127) a month in taxes, insurance, utilities and fees.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Village of Grosse Pointe Shores city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Village of Grosse Pointe Shores city, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Village of Grosse Pointe Shores city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Village of Grosse Pointe Shores city, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Village of Grosse Pointe Shores city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Village of Grosse Pointe Shores city, Michigan (place:82453, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Village of Grosse Pointe Shores at a glance
- Income and affordability in the Village of Grosse Pointe Shores
- Home values in the Village of Grosse Pointe Shores
- Property taxes in the Village of Grosse Pointe Shores
- Types of homes in the Village of Grosse Pointe Shores
- Age of homes in the Village of Grosse Pointe Shores
- Heating fuel in the Village of Grosse Pointe Shores
- Commute and cars in the Village of Grosse Pointe Shores
- Crime reported to police in the Village of Grosse Pointe Shores
- Population growth in the Village of Grosse Pointe Shores
- How long people stay in the Village of Grosse Pointe Shores
- Michigan landlord and tenant rules
- Housing across Wayne County
- Housing data for every place in Michigan