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Advertise here →Grosse Pointe Woods, MI · Market Data
Grosse Pointe Woods, Michigan real estate market data.
Real estate market data for Grosse Pointe Woods, MI (Wayne County) — Census median home value $322,500, county listing prices down about 3.1% over the past year.
Grosse Pointe Woods, MI is in Wayne County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 16,177, with a median household income of $129,442. Census data puts Grosse Pointe Woods's median home value at $322,500 (all owner-occupied homes); Wayne County's current median listing price runs $155,000, down about 3.1% over the past year.
At a glance
Grosse Pointe Woods market snapshot
Population
16,177
Median Household Income
$129,442
Median Home Value (city)
$322,500
Median Listing Price (Wayne County)
$155,000
Median Gross Rent
$1,755/mo
Price Trend (YoY)
-3.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Grosse Pointe Woods different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Grosse Pointe Woods's median home value — across all owner-occupied homes, not just recent sales — at $322,500. Separately, Wayne County's current median listing price (via Realtor.com data, 2026-06-01) runs $155,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Wayne County's FHFA house price index shows a 5.27% annual change in 2025.
Population & Income
Grosse Pointe Woods has an estimated population of 16,177 and a median household income of $129,442, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Grosse Pointe Woods's Census-reported median home value works out to about 2.5x the area's median household income, and median gross rent runs roughly 16% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Grosse Pointe Woods FAQ
What are home values like in Grosse Pointe Woods, MI?
The Census Bureau's American Community Survey puts Grosse Pointe Woods's median home value at $322,500. Wayne County's current median listing price runs $155,000, down about 3.1% over the past year.
What is the population of Grosse Pointe Woods, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Grosse Pointe Woods's population at approximately 16,177.
What's the median rent in Grosse Pointe Woods, MI?
The Census ACS estimates median gross rent in Grosse Pointe Woods at approximately $1,755 per month.
What is the median household income in Grosse Pointe Woods, MI?
Census ACS data puts the median household income in Grosse Pointe Woods at approximately $129,442.
Is the Grosse Pointe Woods housing market growing?
Wayne County's FHFA house price index shows a 5.27% annual change in 2025.
Is Grosse Pointe Woods, MI affordable relative to income?
Census ACS data puts Grosse Pointe Woods's median home value at about 2.5 times the median household income, with median gross rent equal to roughly 16% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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