US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 48230
  5. Housing & Real Estate
Grosse Pointe Park city, MI

ZIP 48230 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48230

Median Home Value
$448,200
Median Rent
$1,217
Affordability Snapshot
$123,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,879/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

30.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48230 in Grosse Pointe Park city, MI, a household would need roughly $123,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,879. That is roughly in line with the local median household income ($131,155). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
77.7%+19% vs US avg
x
Vacancy Rate
6.5%-37% vs US avg
x
Broadband Access
97.1%+12% vs US avg
x
4+ Bedrooms
13.9%-6% vs US avg
x
Built Pre-1939
9.7%-25% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
15.1%-70% vs US avg
x
Mortgage-Free
34.0%-11% vs US avg
x
$448,200
Home Value
$1,217
Rent
1938
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.4%
  • 1-unit attached6.9%
  • 2-9 units18.6%
  • 10+ units1.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$448,200
Median rent$1,217
Owner-occupied77.7%
Vacant6.5%
Price-to-income3.4x
Est. income to buy$123,000