Eastpointe, Michigan Housing Market Prices
Eastpointe Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 12% above the Michigan median$155,743
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Median rent 17% above the Michigan median$1,325
Housing Market Overview
| Metric | Eastpointe | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $155,743 | $138,713 | $248,835 |
| Price Trend (Annual %) | 20.4% | 8.6% | 7.5% |
| Median Gross Rent | $1,325 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eastpointe is about 12% higher than in Michigan. Rent is about 17% higher than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Eastpointe, up about 20.4% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Eastpointe rose about 27.9% between 2015 and 2024, from $1,035 to $1,325. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Eastpointe.
Buying the median-priced home in Eastpointe costs roughly 9.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Eastpointe. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Eastpointe | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $155,743 | $138,713 | $248,835 |
| Median Household Income | $62,090 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eastpointe rose about 257.5%, while median household income rose about 21.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Eastpointe | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 64.6% | 58.5% |
| Rental Rate | 28.0% | 23.6% | 31.2% |
| Vacancy Rate | 5.6% | 11.8% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Eastpointe has a homeownership rate of 66.4%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 5.6%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Eastpointe | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1953 | 1972 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Eastpointe was built around 1953. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Eastpointe, MI Housing Compared With Nearby Cities
How Eastpointe, MI compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Eastpointe, MI | 33,982 | $155,743 #3/3 | $1,325 #1/3 | 70.3% #2/3 |
| Roseville, MI | 47,149 | $193,958 | $1,232 | 65.6% |
| St. Clair Shores, MI | 56,891 | $190,556 | $1,181 | 83.3% |
Frequently Asked Questions
Common questions about the housing market in Eastpointe, Michigan.
What is the median home price in Eastpointe, Michigan?
The median home price in Eastpointe, Michigan is $155,743, higher than the Michigan average of $138,713.
What is the average home price in Eastpointe, Michigan?
The typical home price in Eastpointe, Michigan, reported as the median sale price, is $155,743. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Eastpointe, Michigan?
The median gross rent in Eastpointe, Michigan is $1,325 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Eastpointe in 2020?
In 2020, the median gross rent in Eastpointe, Michigan was $1,086 per month.
What is the price-to-rent ratio in Eastpointe, Michigan?
The price-to-rent ratio in Eastpointe, Michigan is about 9.8, meaning it would take roughly 9.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Eastpointe.
Are home prices or rent rising faster in Eastpointe, Michigan?
Both home prices and rent are rising in Eastpointe, up about 20.4% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Eastpointe, Michigan?
66.4% of households in Eastpointe, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Eastpointe, Michigan?
The housing vacancy rate in Eastpointe, Michigan is 5.6%, lower than the Michigan average of 11.8%.
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