West Bloomfield, MI—48322
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in West Bloomfield, MI
Home Price Trends — West Bloomfield, MI
As of Oct '25, the median home price in West Bloomfield, MI is $407,000, with a year-over-year change of 2.4%. This indicates that home prices in West Bloomfield, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $407,000 | 2.4% |
| Single Family | $463,000 | 3.1% |
| Condos | $305,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | 1.4% |
3 Bed | $366,000 | 2.2% |
4 Bed | $503,000 | 3.3% |
| 5 Bed | $693,000 | 3.3% |
% of Housing Stock
Rental Trends — West Bloomfield, MI
As of July '25, Rentcast reports the average rent in West Bloomfield, MI is $2,730, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in West Bloomfield, MI is 1-bedrooms: $1,740, 2-bedrooms: $2,220, 3-bedrooms: $2,750, 4-bedrooms: $3,420. The most common rental property sizes in West Bloomfield, MI are 2-bedroom and 3-bedroom, accounting for 46.3% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,740 | $1,740 |
| 2 Bed Rent | $2,100 | $2,220 |
| 3 Bed Rent | $2,700 | $2,750 |
| 4 Bed Rent | $3,300 | $3,420 |
% of Rental Stock
Property Listings — West Bloomfield, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in West Bloomfield, MI is 38. This is a decrease of -5.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | -2.0% |
Listing Count | 123 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 38 | -5.0% |
Demographics — West Bloomfield, MI
As of the latest ACS Survey released in 2023, West Bloomfield, MI has a population of 33,200, which has increased by 1.6% over the past 5 years. West Bloomfield, MI is a moderately popular place for families, as children make up 20.3% of the population. The area has a highly educated workforce, with 58.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,200 | 1.6% |
% Under 18 | 20.3% | 2.5% |
% Seniors | 24.4% | 6.1% |
% WFH | 19.7% | 405.1% |
% w/ College Degree | 58.3% | 1.7% |
As of the latest ACS Survey released in 2023, West Bloomfield, MI is a predominantly white area, with 63.6% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in West Bloomfield, MI is black, making up 19.6% of the population. Foreign-born residents account for 25.5% of the population in West Bloomfield, MI, and this percentage has decreased by 0.8% 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 | 63.6% | -4.2% |
% Black | 19.6% | 8.3% |
% Hispanic | 3.4% | 325.0% |
% Asian | 9.8% | -11.7% |
% Foreign Born | 25.5% | -0.8% |
Mortgage and Risk — West Bloomfield, MI
According to HUD data as of 2023, there were 615 mortgage originations in West Bloomfield, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in West Bloomfield, MI. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 615 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — West Bloomfield, MI
As of 2024, the percent of homes in West Bloomfield, MI under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In West Bloomfield, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 110 |
Total Units Section 8 | 110 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,740 | $1,640 |
| 2 Bedroom | -$30 | $2,100 | $2,070 |
| 3 Bedroom | -$160 | $2,700 | $2,540 |
| 4 Bedroom | -$560 | $3,300 | $2,740 |
Affordability — West Bloomfield, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $407,000 |
| Median Household Income | $118,000 |