Housing in Bloomfield Hills, MI is quite expensive, with the median value of homes in the 48302 zip code at $587,000. This is significantly higher than the US median value of $338,100. In the past year, home values have appreciated 8.00%, which is slightly less than the national average of 8.27%. Despite this slight dip in appreciation, housing in Bloomfield Hills remains a desirable option for many due to its relative wealth and high quality of life.
The median home cost in Bloomfield Hills (zip 48302) is $587,000. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Bloomfield Hills (zip 48302) is up 11.2%.
Average Age of Homes
- The median age of Bloomfield Hills (zip 48302) real estate is 44 years old
The Rental Market in Bloomfield Hills (zip 48302)
- Renters make up 11.4% of the Bloomfield Hills (zip 48302) population
- 0.2% of houses and apartments in Bloomfield Hills (zip 48302), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.