Zip 48302 (Bloomfield Hills, MI) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bloomfield Hills, Michigan	United States
	7,049.0	139,647,020.0
	49	42
	$587,000	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$14.31	$10.98
	$7,749	$2,690
	81.4%	57.4%
	7.0%	11.2%
	11.6%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	1.6%	0.7%
	0.8%	0.4%
	0.3%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.0%	2.4%
	0.2%	2.8%
	0.1%	3.9%
	0.8%	4.5%
	4.1%	11.3%
	4.3%	13.0%
	8.6%	20.1%
	13.6%	13.6%
	13.7%	8.3%
	24.4%	9.7%
	11.6%	3.9%
	9.3%	2.2%
	4.7%	0.8%
	4.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.3%	13.6%
	6.3%	13.6%
	9.1%	13.6%
	14.6%	13.2%
	23.1%	14.8%
	9.1%	13.6%
	15.1%	10.0%
	1.5%	4.7%
	2.9%	12.2%

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