Zip 48324 (West Bloomfield, MI) Housing

The housing market in 48324 West Bloomfield, MI is strong, with a median value of $386,100. This is above the US house median value of $338,100 and also has an appreciation rate of 8.00%, just slightly below the nationwide rate of 8.27%. As such, this area continues to draw interest from potential home buyers looking for a great investment opportunity.

The median home cost in West Bloomfield (zip 48324) is $386,100. Home appreciation the last 10 years has been 110.3%. Home Appreciation in West Bloomfield (zip 48324) is up 11.2%.

Average Age of Homes

- The median age of West Bloomfield (zip 48324) real estate is 40 years old

The Rental Market in West Bloomfield (zip 48324)

- Renters make up 10.5% of the West Bloomfield (zip 48324) population
- 0.8% of houses and apartments in West Bloomfield (zip 48324), 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	West Bloomfield, Michigan	United States
	6,846.0	139,647,020.0
	42	42
	$386,100	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$13.47	$10.98
	$4,580	$2,690
	87.7%	57.4%
	4.8%	11.2%
	7.5%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	2.0%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.1%	2.4%
	0.9%	2.8%
	0.2%	3.9%
	1.3%	4.5%
	6.2%	11.3%
	7.6%	13.0%
	23.5%	20.1%
	24.9%	13.6%
	12.2%	8.3%
	9.1%	9.7%
	5.2%	3.9%
	2.7%	2.2%
	3.6%	0.8%
	2.4%	1.1%
Housing Units by Year Structure Built
	0.9%	0.2%
	6.2%	13.6%
	6.2%	13.6%
	21.8%	13.6%
	15.2%	13.2%
	17.8%	14.8%
	21.8%	13.6%
	15.0%	10.0%
	3.7%	4.7%
	9.2%	12.2%

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