Schools
Schools: the Grosse Pointe Public School System, with Grosse Pointe South High School inside the city limits.
Wayne County, Michigan
Mortgage Broker in Grosse Pointe, MI
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Buying a home in Grosse Pointe
ZIP 48230 is shared by two separate municipalities, and the City of Grosse Pointe is the smaller of them: roughly 5,454 residents on a compact grid between Lake St. Clair and Mack Avenue, about 6 miles from downtown Detroit. Locals call the Kercheval Avenue business district "the Village", and it is the commercial heart of all five Grosse Pointes rather than just this one: a walkable stretch of independent shops, restaurants and offices that draws from the Farms, the Park and the Woods as well. Grosse Pointe South High School sits a few blocks off it. Median household income runs about $141,985, among the highest in Wayne County, and most households commute to white-collar work in Detroit, healthcare or the automotive corridor. Inventory is thin because the city is physically small and turnover is low.
By the numbers
Grosse Pointe housing and mortgage snapshot
Values move. Treat these as orientation and let us pull current figures for the address you are considering.
$488,000
Typical home value, from the market research on this page
+34%
Typical rise in taxable value the year after a home sells, 2026 Uncapping Study
1
Residential ZIP codes
What financing looks like in Grosse Pointe
Property tax is the line that surprises buyers moving in from elsewhere in the metro. The effective rate runs about 1.26% of the purchase price, above the Michigan median near 1.05%, and Michigan splits millage between homestead and non-homestead property, so the bill depends on whether the house is your primary residence. On a home in the mid $400,000s that difference is worth several thousand dollars a year and belongs in the payment before you write an offer, not after. Most 48230 purchases stay inside conforming limits, so conventional financing does the bulk of the work, with FHA and VA available and jumbo reserved for the lakefront blocks south of Jefferson. Because listings are scarce and the market has slowed, a fully underwritten pre-approval is worth more here than a fast one. First-time buyers should ask about MSHDA down payment assistance.
Most Grosse Pointe purchases fit under the 2026 conforming limit of $832,750; only the largest homes need a jumbo loan.
The market
The Grosse Pointe housing market
Two measures tell different stories here, and a buyer should see both. Zillow's typical-value index for the City of Grosse Pointe sits near $487,850, up roughly 3.7% over the year to mid-2026. Redfin's median sale price over the three months ending June 2026 came in near $437,000, down about 2.3% from the same period a year earlier. The gap is not an error: the index tracks the estimated value of every home, while the median sale reflects only the handful that actually changed hands, and in a city this size a few large or small sales move that number. Pace has loosened. Homes averaged about 21 days on market over those three months against 14 a year earlier, and in July 2026 fifty homes sold at an average of 41 days. Treat the spread as negotiating room rather than a forecast.
Where to look
Grosse Pointe neighborhoods
South of Jefferson
the lakefront blocks, the oldest and largest houses in the city, and the part of 48230 most likely to need jumbo financing.
The Village and Kercheval
walkable blocks around the business district, a mix of single-family homes, flats and condominiums, and the easiest entry point into the city.
North of Jefferson toward Mack
the bulk of the single-family stock on traditional Grosse Pointe lots, generally the most moderately priced housing in the city.
Schools and commute
Commute
Downtown Detroit is roughly a 15 to 20 minute drive by Jefferson Avenue or I-94, and the City of Grosse Pointe borders Grosse Pointe Park to the south and Grosse Pointe Farms to the north, so buyers comparing the five Pointes usually tour several in one day.
Michigan property taxes
Grosse Pointe property taxes after you buy
The year after a Michigan home sells, its taxable value resets to half of the assessor's market value, so the seller's tax bill is not your tax bill.
In the City of Grosse Pointe, our 2026 Uncapping Study found taxable value typically rises about 34% the year after a sale: roughly $1,980 more in first-year tax on a $300,000 home at the local homestead millage. We build your payment on that post-sale number.
In Samantha's words
In Michigan, don't just look at the current tax bill. Understand what could happen after ownership changes.
Local resources
Check Grosse Pointe records yourself
The official offices behind the tax and school details on this page.
- City of Grosse Pointe Finance and Assessing, for parcel records and current taxable value
- Grosse Pointe Public School System, for district boundaries and enrollment
- Wayne County Treasurer, for county property tax records
What our clients say
★★★★★
Samantha Shelton was absolutely amazing! She far exceeded any expectations we had. Samantha was our biggest cheerleader throughout the entire home buying process! It literally felt like my best friend was helping us navigate and cheering us on from start to finish. I would recommend her and the team to anyone; you will be in THE best hands. She is so knowledgeable and kind. This was the best, easiest and least stressful mortgage process ever.
★★★★★
can’t say enough good things about my experience with Samantha Shelton . She took the time to explain every step of the process, answered all my questions promptly, and made sure everything stayed on track. Her professionalism, honesty, and dedication truly stood out. I would recommend her 100% to anyone buying or refinancing a home. My refinance loan was submitted, approved and clear to close the same day, that’s unheard of in the industry. What a rock star !
★★★★★
As a first-time homebuyer in Troy, I was nervous about getting my FHA loan. I went to Samantha Shelton at Align Lending and the experience was nothing short of amazing! Her expertise and fast service made everything so easy. I will definitely be going back to her, and I recommend her if you are looking for a fast and easy mortgage experience!
★★★★★
Samantha Shelton is amazing!! She helped me get into my first home in Ferndale. The closing process was easy I was able to take care of everything without taking a day off of work. Being a first time homebuyer was stressful but she provided clear communication and true experience guidance throughout the entire process
★★★★★
If I could recommend Sam a million times I would. She made the process of buying our first home effortless. I’m grateful to have had her as our broker and even recommended a wonderful realtor as well!
★★★★★
Samantha is a rockstar! She provided expert help and guided me through the loan process in terms that were easy to understand and made the whole experience painless!
Individual experiences. Results vary.
Grosse Pointe mortgage questions
If yours is not here, ask it on the call. There are no dumb questions.
What does a home cost in the City of Grosse Pointe, MI 48230?
It depends which measure you use. Zillow’s typical-value index sits near $487,850 as of mid-2026, up about 3.7% year over year, while Redfin’s median sale price for the three months ending June 2026 was near $437,000, down about 2.3%. The index covers every home; the median sale covers only those that sold. Expect a wide spread in practice, from moderately priced homes north of Jefferson to lakefront properties well past $1 million.
Is the City of Grosse Pointe the same as Grosse Pointe Park?
No. They are two separate cities that share ZIP code 48230. The City of Grosse Pointe has about 5,454 residents and contains the Village shopping district on Kercheval and Grosse Pointe South High School. Grosse Pointe Park is larger, roughly 10,956 residents, and sits immediately to the south along the Detroit River. Their tax rates and price trends differ, so a search filtered only by ZIP will mix them together.
What are property taxes like in the City of Grosse Pointe?
The effective rate is about 1.26% of the purchase price, above the Michigan median near 1.05%. Michigan taxes a primary residence at a lower millage than a second home or rental, so your bill depends on occupancy. Ask for the seller’s actual tax bill and confirm whether it was billed at the homestead rate, because an uncapping at sale can change the number materially.
How fast do homes sell in the City of Grosse Pointe?
Slower than a year ago. Homes averaged about 21 days on market over the three months ending June 2026, against roughly 14 days in the same stretch of 2025, and July 2026 ran an average of 41 days across fifty sales. Inventory is limited because the city is small, so the right house still moves quickly, but buyers have more room to negotiate than the headline reputation suggests.
Do I need a jumbo loan to buy in 48230?
Usually not. Most purchases in the City of Grosse Pointe fall inside conforming loan limits, which means conventional financing, and FHA and VA are both usable here. Jumbo financing generally comes up on the lakefront blocks south of Jefferson. The right answer depends on the price and your down payment, so it is worth running before you tour.
Communities near Grosse Pointe
Wayne County overviewTalk with a local mortgage expert
Tell Samantha what you are trying to do in Grosse Pointe and she will tell you what actually matters for your situation, including whether the timing is right.
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Align Lending LLC, NMLS #2041154. Samantha Shelton, NMLS 1647301. Equal Housing Opportunity. Licensed in Michigan, Ohio, North Carolina, Florida, Louisiana and Texas. Figures on this page are market research for orientation, not a quote. This page is for educational purposes only. It is not a credit decision, a preapproval, a commitment to lend, or an offer of credit.
