The housing in Bloomfield Hills, MI is quite expensive, with a median value of $882,300. This is significantly higher than the US median value of $338,100. Despite its high cost of living, house appreciation has been keeping pace with the rest of the country at 8.00% compared to the US 1 year house appreciation of 8.27%. As such, real estate in Bloomfield Hills continues to be an attractive option for those looking for a luxurious place to live with good return on investment potential.
The median home cost in Bloomfield Hills is $882,300. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Bloomfield Hills is up 11.2%.
Average Age of Homes
- The median age of Bloomfield Hills real estate is 44 years old
The Rental Market in Bloomfield Hills
- Renters make up 9.6% of the Bloomfield Hills population
- 0.0% of houses and apartments in Bloomfield Hills, 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.