Why Live in Gibraltar
Gibraltar is a waterfront neighborhood where inlets and the Detroit River weave through residential streets, making it ideal for boaters and anglers. With a population of 5,000, it is a 30-minute drive from downtown Detroit. The area features a mix of homes, from recently remodeled 3,000 square-foot houses with private river access to smaller bungalows, many of which have been renovated in the past five years. The community is known for its friendly, small-town atmosphere, with residents often using golf carts to navigate the streets. Community events like weekly live music in the park, a holiday boat parade, and an annual Independence Day celebration foster a close-knit environment. Schools in Gibraltar are highly rated, with Parsons Elementary, Shumate Middle School, and Carleson High School all receiving positive ratings. Carleson High School also offers a Middle College Program for students to earn an associate degree, apprenticeship, or professional certification. For things to do, residents can enjoy the Gibraltar Boat Yard, Humbug Marina, and the Humbug Marsh unit of the Detroit River International Wildlife Refuge, which offers trails, fishing, and kayaking. Gibraltar Community Park provides additional recreational options with a playground, baseball diamond, picnic pavilion, and skate park. Dining options include JP’s Waterfront for American pub fare and Jim’s Galley for pizza and grinders. Essential shopping can be done at the local Kroger along Gibraltar Road. The neighborhood's waterfront lifestyle and community spirit make it appealing for families and individuals alike.
Frequently Asked Questions
What is the average home price in Gibraltar, MI?
Homes for sale in Gibraltar, MI have an average home price of $291,969.
Are home prices dropping in Gibraltar?
Yes, home prices in Gibraltar are down 11% in the last 12 months.
How many homes have sold over the last 12 months in Gibraltar, MI?
25 homes have sold in Gibraltar, MI over the last 12 months.
What are the most popular zip codes in Gibraltar, MI?
How much do you need to make to afford a house in Gibraltar?
The median home price in Gibraltar is $241,450. If you put a 20% down payment of $48,300 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,260 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Gibraltar.
How are the schools in Gibraltar, MI?
Home Trends in Gibraltar, MI
On average, homes in Gibraltar, MI sell after 61 days on the market compared to the national average of 50 days. The median sale price for homes in Gibraltar, MI over the last 12 months is $223,000, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$223,000
Median Single Family Sale Price
$219,000
Median 2 Bedroom Sale Price
$185,000
Median 1 Bedroom Sale Price
$170,000
Average Price Per Sq Ft
$183
Number of Homes for Sale
3
Last 12 months Home Sales
25
Median List Price
$241,450
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-16%
