Home Insurance in Grosse Pointe Park, Michigan
Homes in Grosse Pointe Park carry a median value of $473,100 - 165% higher than the Wayne County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Grosse Pointe Park was built in 1939 or earlier. About 87% of homes were built before 1960, about 28 points above Wayne County's 59%.
Housing in Grosse Pointe Park breaks down to 75% single-family homes and 2% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Grosse Pointe Park, about 69% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Grosse Pointe Park has an owner-occupancy rate of 74% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
90% of homes in Grosse Pointe Park are primarily heated with natural gas.
FEMA rates Wayne County's overall risk as Relatively High, led by strong wind (Very High). 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.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Michigan carries a statewide average premium of $1,110 per year.
Key figures
| Median home value | $473,100 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 69% |
| 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 Farms
- Harper Woods
- Grosse Pointe Woods
- Village of Grosse Pointe Shores
- Eastpointe
- Hamtramck
- St. Clair Shores
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)