Zip 48304 (Bloomfield Hills, MI) Housing

The housing market in 48304 Bloomfield Hills, MI is thriving. The median value of homes in the area is set at $454,700, which is substantially higher than the US median value of $338,100. Moreover, house appreciation in the area has been strong over the past year at 8.00%, just slightly lower than that of the US overall rate of 8.27%. This indicates a vibrant and healthy market for real estate investments in this locality.

The median home cost in Bloomfield Hills (zip 48304) is $454,700. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Bloomfield Hills (zip 48304) is up 11.2%.

Average Age of Homes

- The median age of Bloomfield Hills (zip 48304) real estate is 48 years old

The Rental Market in Bloomfield Hills (zip 48304)

- Renters make up 12.2% of the Bloomfield Hills (zip 48304) population
- 0.8% of houses and apartments in Bloomfield Hills (zip 48304), 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
	7,167.0	139,647,020.0
	52	42
	$454,700	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$14.35	$10.98
	$5,695	$2,690
	83.6%	57.4%
	8.5%	11.2%
	7.9%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	1.7%	0.4%
	1.0%	3.6%
	4.8%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.2%	2.4%
	1.0%	2.8%
	0.0%	3.9%
	1.8%	4.5%
	2.7%	11.3%
	9.0%	13.0%
	16.3%	20.1%
	19.6%	13.6%
	12.2%	8.3%
	17.0%	9.7%
	8.4%	3.9%
	3.8%	2.2%
	3.0%	0.8%
	5.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	7.4%	13.6%
	13.1%	13.2%
	17.8%	14.8%
	7.4%	13.6%
	17.0%	10.0%
	2.4%	4.7%
	3.0%	12.2%

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