Zip 48323 (West Bloomfield, MI) Housing

The housing market in 48323 West Bloomfield, MI is somewhat comparable to the US median value, with a median value of $427,500 compared to the US median value of $338,100. In addition, the one year appreciation rate for housing in this area is 8%, which is very close to the national average of 8.27%. This indicates that the housing market in West Bloomfield has remained relatively stable over the past year and is on par with the rest of the country.

The median home cost in West Bloomfield (zip 48323) is $427,500. Home appreciation the last 10 years has been 110.3%. Home Appreciation in West Bloomfield (zip 48323) is up 11.2%.

Average Age of Homes

- The median age of West Bloomfield (zip 48323) real estate is 40 years old

The Rental Market in West Bloomfield (zip 48323)

- Renters make up 9.1% of the West Bloomfield (zip 48323) population
- 1.1% of houses and apartments in West Bloomfield (zip 48323), 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
	6,497.0	139,647,020.0
	43	42
	$427,500	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$14.64	$10.98
	$5,616	$2,690
	84.8%	57.4%
	4.7%	11.2%
	10.5%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.7%	0.4%
	0.3%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	1.3%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.1%	4.5%
	2.5%	11.3%
	6.3%	13.0%
	19.6%	20.1%
	23.4%	13.6%
	16.6%	8.3%
	20.8%	9.7%
	2.6%	3.9%
	2.4%	2.2%
	2.1%	0.8%
	1.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.9%	13.6%
	6.9%	13.6%
	16.2%	13.6%
	16.7%	13.2%
	30.5%	14.8%
	16.2%	13.6%
	6.7%	10.0%
	2.2%	4.7%
	6.5%	12.2%

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