Home Insurance in Grosse Pointe Farms, Michigan
Homes in Grosse Pointe Farms carry a median value of $442,000 - 148% higher than the Wayne County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Grosse Pointe Farms was built around 1946. About 86% of homes were built before 1960, about 27 points above Wayne County's 59%.
In Grosse Pointe Farms, the housing stock is 97% single-family homes and 2% apartments in buildings with 5+ units.
In Grosse Pointe Farms, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 97% of occupied homes in Grosse Pointe Farms are owner-occupied.
87% of homes in Grosse Pointe Farms are primarily heated with natural gas.
Wayne County's top FEMA-rated hazard is strong wind (Very High), per FEMA's National Risk Index. Wayne County had 3,683 active NFIP flood policies as of September 2026. See the full Wayne County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Michigan is $1,110 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $442,000 |
|---|---|
| Median year built | 1946 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Wayne County | 3,683 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
- Grosse Pointe
- Grosse Pointe Park
- Grosse Pointe Woods
- Harper Woods
- Village of Grosse Pointe Shores
- Eastpointe
- St. Clair Shores
- Roseville
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)