Home prices
Grosse Pointe Farms's median home value is $355,400. In comparison to the surrounding areas this is about $132,700 (59%) higher.Compared to the rest of the nation it is about $137,900 (63%) higher, and compared to the city of Detroit it is about $306,200 (622%) higher.
Rents
The median rent in Grosse Pointe Farms is $1,418 per month. In comparison to nearby areas this is approximately $239 (20%) higher.Compared to the nation as a whole it is roughly $356 (33%) higher, and in comparison to the city of Detroit is about $594 (72%) higher.
Nearby places
Grosse Pointe
Grosse Pointe is Grosse Pointe Farms's neighbor to the southwest. Real estate prices there are pretty similar. The median home cost in Grosse Pointe is $349,800, which works out to $5,600 (1%) lower than Grosse Pointe Farms. The rent there is a bit less expensive. The median rent in Grosse Pointe is $1,163 a month, which is $255 (21%) lower than Grosse Pointe Farms.
Grosse Pointe Woods
Grosse Pointe Woods is Grosse Pointe Farms's neighbor to the north. Its housing prices are a lot less expensive. The median home in Grosse Pointe Woods costs $244,500, which works out to $110,900 (45%) lower than Grosse Pointe Farms. Rent there is pretty similar. In Grosse Pointe Woods the median monthly rent is $1,438, which works out to $20 (1%) higher than Grosse Pointe Farms.
Grosse Pointe Park
Grosse Pointe Park is about 2 miles southwest of Grosse Pointe Farms. The housing prices there are similar. The cost of the median home in Grosse Pointe Park is $358,400, which is very similar to Grosse Pointe Farms. The rent there is somewhat less expensive. The median monthly rent in Grosse Pointe Park is $1,110, which comes out to $308 (27%) lower than Grosse Pointe Farms.
Harper Woods
Harper Woods is roughly 2 miles northwest from Grosse Pointe Farms. Real estate prices there are significantly less expensive. Harper Woods's median home price is $83,600, which works out to $271,800 (325%) lower than Grosse Pointe Farms. Its rents are somewhat less expensive. The median rent in Harper Woods is $1,088 per month, which works out to $330 (30%) lower than Grosse Pointe Farms.
Eastpointe
Eastpointe is approximately 4 miles northwest from Grosse Pointe Farms. Real estate prices there are substantially less expensive. The median home value in Eastpointe is $77,200, which is $278,200 (360%) lower than Grosse Pointe Farms. Its rents are a little less expensive. Eastpointe's median monthly rent is $1,095, which is $323 (29%) lower than Grosse Pointe Farms.
