Home prices
The median home in Grosse Pointe Park is valued at $358,400. In comparison to nearby areas it is roughly $137,800 (62%) higher.It is about $140,900 (64%) higher compared to the US as a whole, and it is about $309,200 (628%) higher compared to the city of Detroit.
Rents
Grosse Pointe Park's median rent is $1,110 per month. It is approximately $57 (4%) lower in comparison to its nearby areas.Compared to the nation as a whole it is roughly $48 (4%) higher, and is roughly $286 (34%) higher in comparison to the city of Detroit.
Nearby places
Grosse Pointe
Grosse Pointe is Grosse Pointe Park's neighbor to the northeast. The real estate prices there are similar. Grosse Pointe's median home cost is $349,800, which works out to $8,600 (2%) lower than Grosse Pointe Park. The rent there is fairly similar. In Grosse Pointe the median rent is $1,163 per month, which is $53 (4%) higher than Grosse Pointe Park.
Grosse Pointe Farms
Grosse Pointe Farms is approximately 2 miles northeast from Grosse Pointe Park. The real estate prices there are fairly similar. The median home in Grosse Pointe Farms is valued at $355,400, which is very similar to Grosse Pointe Park. Its rents are a little more expensive. The median monthly rent in Grosse Pointe Farms is $1,418, which comes out to $308 (21%) higher than Grosse Pointe Park.
Harper Woods
Harper Woods is approximately 3 miles north from Grosse Pointe Park. The real estate prices there are significantly less expensive. The median home in Harper Woods costs $83,600, which is $274,800 (328%) lower than Grosse Pointe Park. Rents there are similar. In Harper Woods the median rent is $1,088 per month, which comes out to $22 (2%) lower than Grosse Pointe Park.
Grosse Pointe Woods
Grosse Pointe Woods is approximately 3 miles north from Grosse Pointe Park. Housing prices there are significantly less expensive. The median home in Grosse Pointe Woods costs $244,500, which works out to $113,900 (46%) lower than Grosse Pointe Park. Rent there is somewhat more expensive. The median rent in Grosse Pointe Woods is $1,438 per month, which is $328 (22%) higher than Grosse Pointe Park.
Hamtramck
Hamtramck is approximately 5 miles west from Grosse Pointe Park. Its housing prices are substantially less expensive. Hamtramck's median home price is $69,700, which works out to $288,700 (414%) lower than Grosse Pointe Park. The rent there is substantially less expensive. The median rent in Hamtramck is $729 a month, which works out to $381 (52%) lower than Grosse Pointe Park.
