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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Grosse Ile, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grosse Ile, MI Housing Market Trends

With 10,598 people, 4,250 houses or apartments, and a median cost of homes of $419,899, Grosse Ile real estate is some of the most expensive in Michigan, although Grosse Ile home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Grosse Ile, accounting for 84.63% of the township's housing units. Other types of housing that are prevalent in Grosse Ile include large apartment complexes or high rise apartments ( 6.69%), row houses and other attached homes ( 5.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grosse Ile. Owner-occupied housing accounts for 91.73% of Grosse Ile's homes, and 76.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Grosse Ile built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Grosse Ile built between 1940-1969 ( 31.76%). A lesser amount of the housing stock also hails from before 1939 ( 12.02%). There's also some housing in Grosse Ile built between 2000 and later ( 4.89%).

Grosse Ile Home Appreciation Rates

Grosse Ile's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grosse Ile during the period has been just 5.31%, which is lower than 70% of US communities.

Over the last year, Grosse Ile appreciation rates have trailed the rest of the nation. In the last twelve months, Grosse Ile's appreciation rate has been 4.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grosse Ile were at -0.26%, which equates to an annual appreciation rate of -1.02%.

Relative to Michigan, our data show that Grosse Ile's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$419,899

Grosse Ile, MI Home Prices
> $1,231,000
$923,001 - $1,231,000
$616,001 - $923,000
$492,001 - $616,000
$370,001 - $492,000
$246,001 - $370,000
$124,001 - $246,000
$61,001 - $124,000
$0 - $61,000
1.4%
1.4%
5.9%
5.9%
13.0%
13.0%
15.9%
15.9%
23.6%
23.6%
24.8%
24.8%
9.9%
9.9%
3.0%
3.0%
2.5%
2.5%
0% 100.0%
% of Homes
Very High

for Michigan

High

for nation

Number of Homes And Apartments:

4,250

Grosse Ile Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,074 / per month

Homeownership Rate

Owners
Renters
91.7%
91.7%
8.3%
8.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.4%
6.4%
93.6%
93.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.9%
4.9%
51.3%
51.3%
31.8%
31.8%
12.0%
12.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.6%
84.6%
5.4%
5.4%
2.0%
2.0%
6.7%
6.7%
1.3%
1.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
1.5%
1.5%
17.6%
17.6%
42.4%
42.4%
34.0%
34.0%
4.6%
4.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Grosse Ile

Zip Codes in Grosse Ile, MI