West Bloomfield, MI 48322 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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West Bloomfield, MI—48322

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$401,000

2.3% YoY Growth

Household Income

$118,000

32.8% YoY Growth

Days on Market

35

12.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$2,600

10.8% YoY Growth

1-Bed Rent

$1,740

N/A

2-Bed Rent

$2,100

3.3% YoY Growth

3-Bed Rent

$2,700

1.1% YoY Growth

Other Zip Codes in West Bloomfield, MI

Home Price Trends — West Bloomfield, MI

As of Nov '25, the median home price in West Bloomfield, MI is $401,000, with a year-over-year change of 2.3%. This indicates that home prices in West Bloomfield, MI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$401,000	2.3%
Single Family	$456,000	2.7%
Condos	$301,000	2.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.7%

1 Bedroom

14.1%

2 Bedrooms

46.3%

3 Bedrooms

27.9%

4 Bedrooms

9.0%

5+ Bedrooms

1.0%

Property Listings — West Bloomfield, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in West Bloomfield, MI is 35. This is a decrease of -12.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$390,000	-9.0%
Listing Count	122	9.0%
Listings as % of Homes	0.4%	9.0%
Days on Market	35	-12.0%

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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%

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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%

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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%

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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