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Grosse Pointe Park, MI Real Estate


According to census data in the year 2000 there were 5,043 housing units in Grosse Pointe Park. This represents a 0.7% growth from 5,009 in 1990.

Of those housing units, 5,043 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 Park is about 71.1%. Grosse Pointe Park's vacancy rate, including seasonal lodging, is about 4.5%. Average household size is 2.58 people.

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

Statistics

Housing Size

Housing Units by Size
Studio Type0.10%
One Bedroom5.20%
Two Bedrooms21.70%
Three Bedrooms33.70%
Four Bedrooms26.50%
Five Bedrooms or more12.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1939
Median Value of occupied units$331,200
Median Price asked for vacant units$229,500

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1941
Median Monthly Rent asked for vacant units$581

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.40%
Home Equity Loan17.20%
Simple Mortgage51.70%
Debt Free24.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%