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These days, finding an affordable place to live in the Bloomfield Hills area can be challenging. Home prices in Bloomfield Hills are now at a median cost of $672,105, higher than the Michigan average of $250,415.
The average cost of rent is $2,238/mo in Bloomfield Hills, primarily driven by the current value of real estate in the Bloomfield Hills area. In Bloomfield Hills, 13.16% of households rent, and 39.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bloomfield Hills is $14,554 per month. Households that rent pay about 15.38% of their income on rent here. Bloomfield Hills’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Birmingham, MI: equally priced homes
- Beverly Hills, MI: less expensive homes
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- Franklin, MI: equally priced homes
- Keego Harbor, MI: less expensive homes
- Pontiac, MI: less expensive homes
- Orchard Lake Village, MI: higher priced homes
- West Bloomfield, MI: less expensive homes
- Lathrup Village, MI: less expensive homes
Cities with Similar Populations
- Yorktown, VA: less expensive homes
- Matthews, NC: less expensive homes
- Irondequoit, NY: less expensive homes
- Opa-Locka, FL: less expensive homes
- Grapevine, TX: less expensive homes
- Poway, CA: higher priced homes
- Florence, KY: less expensive homes
- Quincy, IL: less expensive homes
- East Lansing, MI: less expensive homes
- Sherman Oaks, CA: higher priced homes
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