Grosse Ile, MI 48138 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Grosse Ile, MI—48138

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$382,000

5.7% YoY Growth

Household Income

$125,000

23.5% YoY Growth

Days on Market

5.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,500

64.3% YoY Growth

1-Bed Rent

$1,140

11.1% YoY Growth

2-Bed Rent

$1,500

12.3% YoY Growth

3-Bed Rent

$2,100

20.6% YoY Growth

Home Price Trends — Grosse Ile, MI

As of Nov '25, the median home price in Grosse Ile, MI is $382,000, with a year-over-year change of 5.7%. This indicates that home prices in Grosse Ile, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$382,000	5.7%
Single Family	$411,000	5.7%
Condos	$218,000	4.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Grosse Ile, MI

As of July '25, Rentcast reports the average rent in Grosse Ile, MI is $2,070, with a year-over-year rent change of 64.3%. Per bedroom, the median rent as of July '25 in Grosse Ile, MI is 1-bedrooms: $1,080, 2-bedrooms: $1,460, 3-bedrooms: $2,050, 4-bedrooms: $8,500. The most common rental property sizes in Grosse Ile, MI are 2-bedroom and 3-bedroom, accounting for 40.2% and 30.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$2,070
Studio Rent	N/A	N/A
1 Bed Rent	$1,140	$1,080
2 Bed Rent	$1,500	$1,460
3 Bed Rent	$2,100	$2,050
4 Bed Rent	$8,500	$8,500

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% of Rental Stock

1 Bedroom

18.8%

2 Bedrooms

40.2%

3 Bedrooms

30.6%

4 Bedrooms

10.5%

Property Listings — Grosse Ile, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Grosse Ile, MI is 61. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$419,000	-7.0%
Listing Count	60	53.0%
Listings as % of Homes	0.6%	53.0%
Days on Market	61	5.0%

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Demographics — Grosse Ile, MI

As of the latest ACS Survey released in 2023, Grosse Ile, MI has a population of 10,600, which has increased by 4.2% over the past 5 years. Grosse Ile, MI is a moderately popular place for families, as children make up 19.2% of the population. The area has a highly educated workforce, with 48.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,600	4.2%
% Under 18	19.2%	-3.0%
% Seniors	28.9%	12.0%
% WFH	15.8%	216.0%
% w/ College Degree	48.3%	3.4%

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As of the latest ACS Survey released in 2023, Grosse Ile, MI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Grosse Ile, MI is hispanic, making up 3.5% of the population. Foreign-born residents account for 5.3% of the population in Grosse Ile, MI, and this percentage has decreased by 23.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	89.3%	-4.9%
% Black	2.8%	115.4%
% Hispanic	3.5%	52.2%
% Asian	1.6%	-20.0%
% Foreign Born	5.3%	-23.2%

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Mortgage and Risk — Grosse Ile, MI

According to HUD data as of 2023, there were 248 mortgage originations in Grosse Ile, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Grosse Ile, MI. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	248
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Grosse Ile, MI

As of 2024, the percent of homes in Grosse Ile, MI under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Grosse Ile, MI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	0.8%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$160	$1,140	$1,300
2 Bedroom	$140	$1,500	$1,640
3 Bedroom	-$90	$2,100	$2,010
4 Bedroom	-$6,330	$8,500	$2,170

Grosse Ile, MI—48138

Key Metrics at a Glance

Home Price Trends — Grosse Ile, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grosse Ile, MI

% of Rental Stock

Property Listings — Grosse Ile, MI

Demographics — Grosse Ile, MI

Race and Ethnicity

Mortgage and Risk — Grosse Ile, MI

Mortgages

Rentals and Section 8 — Grosse Ile, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Grosse Ile, MI

Home Price to Income Ratio

Grosse Ile, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Woodhaven, MI

Riverview, MI

Wyandotte, MI

Brownstown, MI

Southgate, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$382,000
Median Household Income	$125,000

Grosse Ile, MI—48138

Key Metrics at a Glance

Home Price Trends — Grosse Ile, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Grosse Ile, MI

% of Rental Stock

Property Listings — Grosse Ile, MI

Demographics — Grosse Ile, MI

Race and Ethnicity

Mortgage and Risk — Grosse Ile, MI

Mortgages

Rentals and Section 8 — Grosse Ile, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Grosse Ile, MI

Home Price to Income Ratio

Grosse Ile, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Woodhaven, MI

Riverview, MI

Wyandotte, MI

Brownstown, MI

Southgate, MI

Frequently Asked Questions

What is the average home price in Grosse Ile, MI 48138?

How have home prices in Grosse Ile, MI 48138 changed over the past year?

What is the home price projection for Grosse Ile, MI 48138?

What are the demographics of Grosse Ile, MI 48138?

How long does it take homes to sell in Grosse Ile, MI 48138?

What is the average rent price in Grosse Ile, MI 48138?