Bloomfield Hills, MI 48302 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Bloomfield Hills, MI—48302

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$701,000

2.3% YoY Growth

Household Income

$176,000

36.0% YoY Growth

Days on Market

43

0.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$3,000

1.5% YoY Growth

1-Bed Rent

$2,200

103.5% YoY Growth

2-Bed Rent

$1,800

3.7% YoY Growth

3-Bed Rent

$4,000

1.2% YoY Growth

Other Zip Codes in Bloomfield Hills, MI

Home Price Trends — Bloomfield Hills, MI

As of Nov '25, the median home price in Bloomfield Hills, MI is $701,000, with a year-over-year change of 2.3%. This indicates that home prices in Bloomfield Hills, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$701,000	2.3%
Single Family	$753,000	2.2%
Condos	$518,000	4.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Bloomfield Hills, MI

As of July '25, Rentcast reports the average rent in Bloomfield Hills, MI is $3,280, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Bloomfield Hills, MI is 1-bedrooms: $2,340, 2-bedrooms: $2,100, 3-bedrooms: $4,040, 4-bedrooms: $4,730. The most common rental property sizes in Bloomfield Hills, MI are 1-bedroom and 2-bedroom, accounting for 34.8% and 28.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,000	$3,280
Studio Rent	N/A	N/A
1 Bed Rent	$2,200	$2,340
2 Bed Rent	$1,800	$2,100
3 Bed Rent	$4,000	$4,040
4 Bed Rent	$4,290	$4,730

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% of Rental Stock

Studio

4.6%

1 Bedroom

34.8%

2 Bedrooms

28.8%

3 Bedrooms

14.7%

4 Bedrooms

15.2%

5+ Bedrooms

2.0%

Property Listings — Bloomfield Hills, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Bloomfield Hills, MI is 43. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,200,000	-14.0%
Listing Count	67	-15.0%
Listings as % of Homes	0.9%	-15.0%
Days on Market	43	0.0%

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Demographics — Bloomfield Hills, MI

As of the latest ACS Survey released in 2023, Bloomfield Hills, MI has a population of 17,300, which has increased by 8.3% over the past 5 years. Bloomfield Hills, MI is a moderately popular place for families, as children make up 24.0% of the population. The area has a highly educated workforce, with 75.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,300	8.3%
% Under 18	24.0%	6.7%
% Seniors	25.8%	4.9%
% WFH	24.5%	308.3%
% w/ College Degree	75.0%	4.0%

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As of the latest ACS Survey released in 2023, Bloomfield Hills, MI is a predominantly white area, with 74.5% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Bloomfield Hills, MI is asian, making up 9.7% of the population. Foreign-born residents account for 17.8% of the population in Bloomfield Hills, MI, and this percentage has decreased by 16.0% 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	74.5%	-1.3%
% Black	7.9%	5.3%
% Hispanic	2.7%	-25.0%
% Asian	9.7%	-4.0%
% Foreign Born	17.8%	-16.0%

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Mortgage and Risk — Bloomfield Hills, MI

According to HUD data as of 2023, there were 285 mortgage originations in Bloomfield Hills, MI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Bloomfield Hills, MI. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	285
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Bloomfield Hills, MI

As of 2024, the percent of homes in Bloomfield Hills, MI under the Section 8 program is 0.1%. 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 Bloomfield Hills, 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	1
Total Units Section 8	1
% Rentals under Section 8	0.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$890	$2,200	$1,310
2 Bedroom	-$140	$1,800	$1,660
3 Bedroom	-$1,970	$4,000	$2,030
4 Bedroom	-$2,090	$4,290	$2,200