Bloomfield Hills, MI—48301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bloomfield Hills, MI
As of Oct '25, the median home price in Bloomfield Hills, MI is $738,000, with a year-over-year change of 4.0%. This indicates that home prices in Bloomfield Hills, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $738,000 | 4.0% |
| Single Family | $766,000 | 3.9% |
| Condos | $344,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $351,000 | 2.6% |
3 Bed | $578,000 | 4.3% |
4 Bed | $810,000 | 4.0% |
| 5 Bed | $1,182,000 | 5.4% |
% of Housing Stock
Rental Trends — Bloomfield Hills, MI
As of July '25, Rentcast reports the average rent in Bloomfield Hills, MI is $4,100, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Bloomfield Hills, MI is 1-bedrooms: $1,580, 3-bedrooms: $4,600, 4-bedrooms: $4,330. The most common rental property sizes in Bloomfield Hills, MI are 2-bedroom and 3-bedroom, accounting for 32.3% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,950 | $4,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,580 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,500 | $4,600 |
| 4 Bed Rent | $3,750 | $4,330 |
% of Rental Stock
Property Listings — Bloomfield Hills, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Bloomfield Hills, MI is 39. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $974,000 | 19.0% |
Listing Count | 54 | 22.0% |
| Listings as % of Homes | 0.7% | 22.0% |
Days on Market | 39 | -10.0% |
Demographics — Bloomfield Hills, MI
As of the latest ACS Survey released in 2023, Bloomfield Hills, MI has a population of 14,700, which has remained stable by -0.3% over the past 5 years. Bloomfield Hills, MI is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 77.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,700 | -0.3% |
% Under 18 | 23.1% | -10.5% |
% Seniors | 21.4% | 0.9% |
% WFH | 21.7% | 197.3% |
% w/ College Degree | 77.3% | -0.3% |
As of the latest ACS Survey released in 2023, Bloomfield Hills, MI is a predominantly white area, with 79.7% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Bloomfield Hills, MI is asian, making up 5.1% of the population. Foreign-born residents account for 10.1% of the population in Bloomfield Hills, MI, and this percentage has decreased by 14.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.7% | -5.3% |
% Black | 3.0% | -50.0% |
% Hispanic | 4.3% | 87.0% |
% Asian | 5.1% | 8.5% |
% Foreign Born | 10.1% | -14.4% |
Mortgage and Risk — Bloomfield Hills, MI
According to HUD data as of 2023, there were 375 mortgage originations in Bloomfield Hills, MI, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Bloomfield Hills, MI. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 375 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Bloomfield Hills, MI
Bloomfield Hills, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,580 | $1,640 |
| 2 Bedroom | N/A | N/A | $2,070 |
| 3 Bedroom | -$1,960 | $4,500 | $2,540 |
| 4 Bedroom | -$1,010 | $3,750 | $2,740 |
Affordability — Bloomfield Hills, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $738,000 |
| Median Household Income | $164,000 |